208 Clarke Street, NORTHCOTE VIC 3070
Development Feasibility Analysis in Northcote, VIC
This 1,503 sqm GRZ2 site on Clarke Street in Northcote is assessed for 5 townhouses at a total project cost of $5.91 million. Revenue at $1,442,250 per dwelling totals $7.21 million, producing a net profit of $1.30 million and a development margin of 22.0%. The large site area and GRZ2 zoning enable a strong yield relative to land cost.
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Frequently Asked Questions
What makes this Northcote site financially viable?
A 1,503 sqm site supports 5 townhouses in GRZ2. Revenue of $7.21 million at $1,442,250 per dwelling comfortably exceeds total costs of $5.91 million, producing a 22.0% margin.
What sale price is used for Northcote townhouses?
$1,442,250 per dwelling. This reflects comparable sales in Northcote and inner-northern Melbourne.
What is the land cost on this site?
$1,201,875 for 1,503 sqm, approximately $800 per sqm.
How does this compare to 202 Clarke Street?
202 Clarke Street is a smaller 914 sqm GRZ2 site supporting 4 townhouses. It returns a 15.5% margin and $775,967 profit, compared to 22.0% and $1.30 million here.
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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).