5 Breffna Street, PRESTON VIC 3072
Development Feasibility Analysis in Preston, VIC
Three townhouses are modelled on this 725 sqm GRZ2 block in Preston at $976,500 each. Total revenue of $2,929,500 does not cover project costs of $3,466,864, resulting in a $537,364 loss. The negative 15.5% margin makes this development unprofitable at the $786,000 land price.
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Frequently Asked Questions
Is this Preston development profitable?
No. The project records a net loss of $537,364 at a negative 15.5% margin.
How does this compare to 549 Murray Road Preston?
The loss is smaller here at $537,364 versus $614,766, mainly because land cost is lower at $786,000.
What is the total project cost?
Total project cost is $3,466,864, including $786,000 for land.
What zoning applies to this block?
GRZ2, General Residential Zone 2, which permits townhouse development.
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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).