3 Noon Street, DANDENONG VIC 3175
Development Feasibility Analysis in Dandenong, VIC
In Dandenong's GRZ1 zone, this 835 sqm site is assessed for 3 townhouses at a total project cost of $3.09 million. Revenue at $634,500 per townhouse comes to $1.90 million, producing a net loss of $1.19 million and a negative margin of 38.5%. The land price of $558,000 is high relative to achievable townhouse values in this suburb.
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Frequently Asked Questions
Why does this Dandenong townhouse project show a large loss?
Land at $558,000 is expensive relative to the $634,500 townhouse sale price. With only 3 dwellings and total costs of $3.09 million, revenue of $1.90 million falls well short.
How many townhouses fit on an 835 sqm GRZ1 block?
The feasibility model allocates 3 townhouses. GRZ1 zoning in Dandenong generally permits two or more dwellings subject to site dimensions and council requirements.
What is the total project cost for this site?
$3,092,575, including land at $558,000 and construction costs for 3 townhouses.
Is a lower land price the key to making this project viable?
Yes. To achieve a 15% margin, land would need to be acquired at under $280,000, which is well below the assessed value. Sale price uplift alone is unlikely to close the gap.
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DISCLAIMER: This analysis is generated by automated algorithms for informational purposes only. It does not constitute financial, investment, or legal advice. Actual development costs, revenues, and returns may vary significantly from these estimates. Users should consult qualified professionals including a registered quantity surveyor, accredited town planner, and solicitor before making any investment decisions. DA Leads Australia Pty Ltd holds no Australian Financial Services Licence (AFSL) and is not authorised to provide financial product advice under the Corporations Act 2001 (Cth).