202 Clarke Street, NORTHCOTE VIC 3070
Development Feasibility Analysis in Northcote, VIC
Adjacent to the larger 208 Clarke Street site, this 914 sqm GRZ2 block in Northcote supports 4 townhouses at a total project cost of $4.99 million. Revenue of $5.77 million at $1,442,250 per dwelling returns a net profit of $775,967 and a margin of 15.5%. The site meets viability criteria, though the margin is at the lower end of the acceptable range.
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Frequently Asked Questions
Is this Northcote site viable for townhouse development?
Yes. A 15.5% margin and net profit of $775,967 exceed the minimum threshold for project finance and developer returns.
What zone applies and how many dwellings does it support?
GRZ2, General Residential Zone 2. Four townhouses are modelled on the 914 sqm site.
What is the land cost on this site?
$1,194,000 for 914 sqm, approximately $1,306 per sqm.
Would amalgamation with 208 Clarke Street improve outcomes?
Combining the two sites to approximately 2,417 sqm would allow 8 or more townhouses under GRZ2. This could reduce per-dwelling land costs and improve the overall development 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).