48 Fingal Drive, FRANKSTON VIC 3199
Development Feasibility Analysis in Frankston, VIC
Zoned R1Z in Frankston, this 937 sqm site is assessed for 4 townhouses at a total cost of $3.93 million. At $720,000 per dwelling, revenue reaches $2.88 million, producing a net loss of $1.05 million and a negative margin of 26.7%. Land at $546,000 is more affordable than the Kenilworth Avenue site, but the result remains deeply unprofitable.
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Frequently Asked Questions
How does this site compare to 10 Kenilworth Avenue in Frankston?
Land is cheaper at $546,000 versus $642,000. Both support 4 townhouses at $720,000. The negative margin here is 26.7% compared to 28.6%, a modest improvement but still not viable.
What is the total revenue for 4 Frankston townhouses?
$2,880,000. Four dwellings at $720,000 each.
What type of development is modelled for R1Z sites in Frankston?
Townhouse developments of 3 to 4 dwellings are modelled based on site area and zoning allowances. Planning permits are required for multi-dwelling projects.
What would make this project viable?
A land cost under $250,000 or a townhouse sale price above $1,000,000 would approach a 15% margin. Neither appears likely under current Frankston market conditions.
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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).