16 Fernhurst Grove, KEW VIC 3101
Development Feasibility Analysis in Kew, VIC
Located in Kew's TRZ2 zone, this 1,011 sqm site is the only Kew property in this analysis to return a positive result. Four townhouses at $1,485,000 each generate $5.94 million in revenue against costs of $5.06 million, producing a net profit of $878,436 and a development margin of 17.4%. The TRZ2 zone enables four dwellings where NRZ sites are limited to two.
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Frequently Asked Questions
What makes this Kew site viable when nearby NRZ sites are not?
TRZ2 zoning permits four townhouses instead of two. Four dwellings at $1,485,000 each generate $5.94 million in revenue, producing a 17.4% margin. NRZ sites are restricted to two dwellings and cannot achieve this return.
What is the net profit on this project?
$878,436 on total costs of $5,061,563 and revenue of $5,940,000.
How does TRZ2 zoning affect development in Kew?
TRZ2 allows higher residential density than NRZ1 or NRZ3. This increases the number of dwellings a site can deliver and distributes land costs across more saleable products.
What is the land cost and how does it compare to NRZ Kew sites?
$1,237,500, the same as the non-viable NRZ sites. The difference is yield: four dwellings here versus two on NRZ blocks at the same land cost.
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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).