22 Gilbertson Street, ESSENDON VIC 3040
Development Feasibility Analysis in Essendon, VIC
This 676 sqm HCTZ2 block in Essendon supports a duplex under the feasibility model. At a land cost of $1,042,500 and total project cost of $2.92 million, the two dwellings generate revenue of $2.50 million at $1,251,000 each. The result is a net loss of $421,350 and a negative margin of 14.4%.
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Frequently Asked Questions
Why is a duplex used rather than townhouses on this Essendon site?
At 676 sqm in HCTZ2, site parameters limit the feasible development yield to two dwellings. A duplex is the most appropriate project type given the site area and zoning constraints.
What is the net loss on this project?
$421,350. Total costs are $2,923,350 and revenue is $2,502,000, a negative margin of 14.4%.
How does the duplex yield compare to the 3-townhouse projects on nearby Essendon sites?
The 3-townhouse projects on larger sites return negative 2.4%, far closer to viability. The duplex here loses 14.4% because land cost is the same but spread across only two dwellings.
What is the land cost per dwelling for this duplex?
$521,250 per dwelling on a $1,042,500 land acquisition. This is high relative to a $1,251,000 sale price when combined with construction 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).