12 Cradley Avenue, KEW VIC 3101
Development Feasibility Analysis in Kew, VIC
Zoned NRZ1 in Kew, this 1,138 sqm site is modelled for a duplex at a total cost of $3.19 million. At $1,485,000 per dwelling, revenue of $2.97 million falls short by $222,968, producing a negative margin of 7.0%. The higher land cost of $1,237,500 compared to Florence Avenue increases the loss substantially.
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Frequently Asked Questions
What is the difference in land cost between this site and 26 Florence Avenue?
$165,000. Cradley Avenue is valued at $1,237,500 against $1,072,500 at Florence Avenue. This shifts the margin from negative 1.5% to negative 7.0%.
What is NRZ1 zoning in Kew?
Neighbourhood Residential Zone 1. Like NRZ3, it limits development intensity. Both restrict yield to two dwellings per lot in this analysis.
What is the net loss on this project?
$222,968. Total project costs are $3,192,968 and revenue is $2,970,000.
Does the larger 1,138 sqm site area help compared to smaller Kew NRZ sites?
No. The site area has no bearing on the number of permitted dwellings under NRZ1 zoning. More area means more construction costs without more revenue.
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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).