4 Trende Street, DANDENONG VIC 3175
Development Feasibility Analysis in Dandenong, VIC
A 588 sqm GRZ1 block in Dandenong, this site is assessed for a single house and land package at a total cost of $1.22 million. The dwelling is valued at $740,250, resulting in a net loss of $482,018 and a negative margin of 39.4%. Land at $450,000 consumes most of the project budget with insufficient residual value from a single dwelling.
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Frequently Asked Questions
What development type is assessed for 4 Trende Street?
A single house and land package. The 588 sqm GRZ1 site supports one dwelling at an assessed sale price of $740,250.
What is the total project cost and net result?
Total cost is $1,222,268. Against revenue of $740,250, the project produces a net loss of $482,018, a negative margin of 39.4%.
How does this site compare to 41 King George Parade in Dandenong?
Both are similarly sized GRZ1 blocks assessed for single dwellings at the same sale price. The land cost here is slightly lower at $450,000 versus $456,000, producing a marginally smaller loss.
Could rezoning or amalgamation with an adjacent site improve feasibility?
Amalgamation with an adjoining lot to increase yield to 3 or more dwellings could improve feasibility if total land cost per dwelling is reduced. A rezoning to TRZ or RGZ would also increase permissible density.
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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).