10 Kenilworth Avenue, FRANKSTON VIC 3199

Development Feasibility Analysis in Frankston, VIC

10 Kenilworth Avenue, FRANKSTON VIC 3199
This 1,059 sqm R1Z block in Frankston is assessed for 4 townhouses at a total cost of $4.03 million. Revenue at $720,000 per dwelling totals $2.88 million, resulting in a net loss of $1.15 million and a negative margin of 28.6%. The R1Z zone and relatively low sale prices in Frankston make multi-dwelling development financially difficult at current land values.

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Frequently Asked Questions

What is R1Z zoning and how does it affect development in Frankston?
R1Z is Residential Zone 1, a zone that typically permits conventional residential development. In Frankston, it applies to established suburban areas and allows multi-dwelling development subject to planning approval.
Why is the margin so negative on this Frankston project?
Townhouse sale prices of $720,000 are low relative to construction and land costs. Four townhouses generate only $2.88 million against total costs of $4.03 million.
What is the land cost used in this assessment?
$642,000. This represents the assessed market value of the 1,059 sqm R1Z block.
Is Frankston generally viable for townhouse development?
At $720,000 per townhouse, the margin is difficult to achieve. Larger sites with more dwellings, lower land costs, or higher-specification product sold at a premium can improve outcomes but face market constraints.

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Nearby Suburbs

Camberwell (9) Thornbury (8) Coburg (5) Footscray (5) Clayton (5)

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).