29 Pettys Lane, DONCASTER VIC 3108
Development Feasibility Analysis in Doncaster, VIC
Zoned GRZ1, this 742 sqm Doncaster site is assessed for 3 townhouses at a total project cost of $3.61 million. Townhouses are benchmarked at $1,125,000 each against Doncaster's $1,250,000 median house price. Revenue of $3.38 million falls short of costs by $238,259, producing a negative margin of 6.6%.
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Frequently Asked Questions
What is the development margin on this Doncaster townhouse project?
Negative 6.6%. Total costs are $3.61 million against revenue of $3.38 million, a net loss of $238,259.
What is the local median house price in Doncaster?
$1,250,000 for houses and $568,000 for units, based on recorded medians. Townhouse sale prices are benchmarked at $1,125,000 per dwelling.
How many townhouses fit on a 742 sqm GRZ1 block?
Three townhouses. Site area, frontage, and zone requirements in GRZ1 determine the maximum yield.
Is the land cost the primary issue here?
Yes. Land is valued at $870,000 on a 742 sqm block. On three townhouses at $1,125,000 each, this leaves insufficient margin after construction and holding costs.
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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).