41 Wattle Road, HAWTHORN VIC 3122
Development Feasibility Analysis in Hawthorn, VIC
This 1,735 sqm GRZ2 site in Hawthorn is one of the strongest performers in the analysis. Five townhouses at $1,719,000 each generate $8.60 million in revenue against total costs of $6.34 million, producing a net profit of $2.26 million and a development margin of 35.7%. Land at $1,432,500 is justified by high sale values and a large developable area.
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Frequently Asked Questions
What makes this Hawthorn site financially viable?
A combination of a large 1,735 sqm site, 5 townhouses, and a high sale price of $1,719,000 per dwelling produces a 35.7% margin. Total revenue of $8.60 million comfortably covers costs of $6.34 million.
What sale price benchmark is used for Hawthorn townhouses?
$1,719,000 per dwelling. This is benchmarked on local sales in Hawthorn and its immediate surrounds.
How does the net profit compare to other viable sites in this analysis?
At $2,259,691, this is one of the higher absolute profits in the dataset. It is exceeded by the Malvern sites which return $1.6 million to $3.5 million.
What is the land cost per sqm on this site?
$1,432,500 on 1,735 sqm equates to approximately $826 per sqm, which is reasonable for Hawthorn given its inner-eastern Melbourne location.
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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).