51A Hawthorn Grove, HAWTHORN VIC 3122
Development Feasibility Analysis in Hawthorn, VIC
This 942 sqm NRZ3 site in Hawthorn is assessed for a duplex and returns the same cost and revenue figures as 42 Berkeley Street. Total costs of $3.46 million against revenue of $3.44 million produce a net loss of $24,585 and a negative margin of 0.7%. Two dwellings at $1,719,000 each are insufficient to deliver a profitable return on $1,432,500 land.
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Frequently Asked Questions
Why do this site and 42 Berkeley Street have identical figures?
Both are NRZ3 sites in Hawthorn modelled for a duplex at the same $1,719,000 sale price. Shared zone parameters and market benchmarks produce identical outputs.
Is there a meaningful difference between the two NRZ3 Hawthorn sites?
The sites differ in area at 942 sqm versus 1,380 sqm. The feasibility outputs are the same because both are constrained to two dwellings by NRZ3 zoning.
What sale price per dwelling is used for Hawthorn?
$1,719,000. This reflects Hawthorn's strong inner-eastern Melbourne market.
What is the minimum sale price needed to achieve viability on this duplex?
To achieve a 15% margin on total costs of $3.46 million, combined revenue must be at least $3.98 million, or $1,990,000 per dwelling. That is $271,000 per dwelling above the current benchmark.
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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).