11 Windella Crescent, GLEN WAVERLEY VIC 3150
Development Feasibility Analysis in Glen Waverley, VIC
Zoned GRZ3 in Glen Waverley, this 1,130 sqm site is assessed for 5 townhouses at a total project cost of $5.99 million. Revenue of $6.78 million at $1,356,210 per dwelling produces a net profit of $795,687 and a development margin of 13.3%. The margin is marginal by standard project finance criteria but positive, and the higher land cost of $1,320,000 is the main constraint.
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Frequently Asked Questions
What verdict does the feasibility model assign to this site?
Marginal. A 13.3% development margin is positive but below the 15% threshold commonly required for project finance.
What is GRZ3 in Glen Waverley?
GRZ3 is General Residential Zone 3. It permits medium-density residential development including townhouses, with conditions set by Monash City Council's local planning scheme.
How does the land cost compare to 8 Marbray Drive?
$1,320,000 here versus $1,230,000 at Marbray Drive. The higher land cost reduces margin from 15.2% to 13.3% on the same revenue base.
What is the net profit on this project?
$795,687. Total costs are $5,985,362 and revenue is $6,781,050.
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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).