22 Mereweather Avenue, FRANKSTON VIC 3199
Development Feasibility Analysis in Frankston, VIC
This 800 sqm TRZ2 block in Frankston is assessed for 4 townhouses at a total cost of $3.43 million. Revenue at $720,000 per townhouse totals $2.88 million, producing a net loss of $550,960 and a negative margin of 16.1%. The TRZ2 zone permits more density, but Frankston's low townhouse prices limit what can be achieved regardless of planning flexibility.
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Frequently Asked Questions
What is TRZ2 zoning in Frankston?
TRZ2 is the Township Residential Zone 2. It permits medium-density residential development and supports a higher dwelling yield than standard residential zones.
Does TRZ2 zoning improve the result compared to R1Z sites in Frankston?
Slightly. The negative margin here is 16.1% compared to 26.7% to 28.6% on the R1Z sites. Both zone types face the same constraint of low townhouse sale prices in Frankston.
What is the assessed land value for this site?
$702,000 for an 800 sqm TRZ2 block.
Is there any Frankston scenario in this analysis that returns a profit?
No. All five Frankston sites in this analysis return negative margins, ranging from 16.1% to 31.9%. The market cap on townhouse prices is the primary constraint.
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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).