7 Merrion Place, KEW VIC 3101
Development Feasibility Analysis in Kew, VIC
This 1,116 sqm NRZ3 block in Kew returns the same financial result as 12 Cradley Avenue, with a net loss of $222,968 and a negative margin of 7.0%. Total costs are $3.19 million against revenue of $2.97 million at $1,485,000 per dwelling. Land at $1,237,500 for a two-dwelling site does not support a developer return.
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Frequently Asked Questions
Why do this site and 12 Cradley Avenue share identical financial results?
Both are NRZ-zoned Kew sites assessed for a duplex at the same land value of $1,237,500 and sale price of $1,485,000 per dwelling. The zone and inputs produce the same output.
What development format is modelled for this site?
A duplex. The 1,116 sqm NRZ3 block is restricted to two dwellings under zoning rules.
What total costs are assigned to this project?
$3,192,968, including $1,237,500 in land and construction and other project costs for two dwellings.
Is Kew a viable suburb for duplex development generally?
At $1,485,000 per dwelling, Kew sale prices are strong. The issue is NRZ zoning limiting yield to two dwellings, where land costs of $1.07 million to $1.24 million leave insufficient margin.
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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).