46 Gould Street, FRANKSTON VIC 3199
Development Feasibility Analysis in Frankston, VIC
A 745 sqm GRZ1 site in Frankston, this block is assessed for 3 townhouses at a total cost of $3.17 million. Revenue at $720,000 per dwelling totals $2.16 million, producing a net loss of $1.01 million and the largest negative margin in the Frankston sample at 31.9%. Three townhouses at $720,000 each cannot recover a $600,000 land cost.
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Frequently Asked Questions
Why is this site the worst-performing of the Frankston properties?
Only 3 townhouses are modelled on the GRZ1 site, generating $2.16 million in revenue. Total costs are $3.17 million. With fewer dwellings, the land cost of $600,000 is less efficiently spread.
What project type is assessed here?
Three townhouses on a 745 sqm GRZ1 block. Each is valued at $720,000.
What is the net loss on this project?
$1,010,022. This is the largest absolute dollar loss among the five Frankston sites.
How does GRZ1 compare to TRZ2 or R1Z for this type of project?
GRZ1 permits medium-density development. The zone itself is not the main issue. The low end sale price of $720,000 per townhouse relative to land and construction costs is the core problem across all Frankston zone types in this analysis.
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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).