3 Grandview Grove, MOORABBIN VIC 3189
Development Feasibility Analysis in Moorabbin, VIC
This 676 sqm NRZ7 block in Moorabbin is assessed for a duplex and records the largest loss in the Moorabbin sample. Total costs of $2.76 million against revenue of $2.20 million produce a net loss of $557,049 and a negative margin of 20.2%. Land at $924,000 is the highest among the Moorabbin sites and is the primary driver of the negative result.
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Frequently Asked Questions
Why is this site the worst performer in Moorabbin?
Land is assessed at $924,000, the highest in the Moorabbin sample. On a duplex at $1,100,250 per dwelling, this land cost leaves the project $557,049 short of breakeven.
How does the land cost per dwelling break down?
$462,000 per dwelling from a $924,000 land acquisition. Combined with construction costs, this exceeds the $1,100,250 sale price per unit.
What is the development margin?
Negative 20.2% on total costs of $2,757,549.
What type of buyer might still consider this site?
An owner-occupier or dual-occupancy owner who values the property for personal use rather than development return may find the site appropriate. As a pure development play, it does not stack up.
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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).