17 Ryan Street, NORTHCOTE VIC 3070
Development Feasibility Analysis in Northcote, VIC
A 449 sqm NRZ1 site in Northcote, this block is assessed for a duplex at a total cost of $3.14 million. Revenue of $2.88 million at $1,442,250 per dwelling produces a net loss of $251,787 and a negative margin of 8.0%. Results are nearly identical to 19 Swift Street, with NRZ1 zoning and small site area both limiting yield to two dwellings.
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Frequently Asked Questions
How does this site compare to 19 Swift Street in Northcote?
Both are assessed for a duplex at the same land cost and sale price. The margin is negative 8.0% here versus negative 8.2% at Swift Street, a negligible difference.
What zone applies and how does it restrict development?
NRZ1, Neighbourhood Residential Zone 1. This zone limits the site to two dwellings per lot.
What is the net loss on this project?
$251,787 on total project costs of $3,136,287.
Are there viable duplex sites in Northcote at this price level?
Not based on this analysis. Both Northcote duplex sites return negative margins of 8.0% to 8.2%. The Clarke Street townhouse sites with GRZ2 zoning and higher yields are the viable options in this suburb.
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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).