8 Marbray Drive, GLEN WAVERLEY VIC 3150
Development Feasibility Analysis in Glen Waverley, VIC
This 1,270 sqm TRZ2 site in Glen Waverley is assessed for 5 townhouses and returns a net profit of $892,930 on total costs of $5.89 million. The development margin is 15.2%, which is at the lower threshold of financial viability. Each dwelling is benchmarked at $1,356,210, with land acquired at $1,230,000.
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Frequently Asked Questions
Is this Glen Waverley project financially viable?
Yes. The 15.2% development margin and net profit of $892,930 meet the minimum threshold for project viability under standard lender and developer requirements.
What sale price is used for each townhouse?
$1,356,210 per dwelling. Five townhouses produce total revenue of $6,781,050.
What zone applies and how does it affect the yield?
TRZ2 is the Township Residential Zone 2. It supports medium to higher density residential development, enabling 5 townhouses on a 1,270 sqm site.
How does this site compare to other Glen Waverley properties in this analysis?
It is one of two viable sites in Glen Waverley. The other is 11 Windella Crescent, which returns a 13.3% margin on a slightly smaller 1,130 sqm GRZ3 block.
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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).