78 Leicester Street, PRESTON VIC 3072
Development Feasibility Analysis in Preston, VIC
This 553 sqm HCTZ2 block in Preston supports only a duplex configuration. Revenue of $1,953,000 from two dwellings at $976,500 each falls well short of the $2,552,232 total cost. The negative 23.5% margin produces a $599,232 loss, making this one of the weaker outcomes in Preston.
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Frequently Asked Questions
What zone applies to this Preston property?
HCTZ2, Heritage Overlay and Neighbourhood Character Zone 2, which restricts development scale.
Why does a duplex lose money here?
The land is priced at $762,000 on a 553 sqm block, and two-dwelling revenue of $1,953,000 cannot cover combined land and construction costs.
What is the net loss on this project?
$599,232 at a negative 23.5% margin.
What sale price is modelled per dwelling?
$976,500 per unit, consistent with the Preston market benchmark.
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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).