8 Stafford Street, PRESTON VIC 3072
Development Feasibility Analysis in Preston, VIC
Sitting in Preston's GRZ2 zone, this 569 sqm block supports a duplex at two dwellings. Total revenue of $1,953,000 is dwarfed by project costs of $2,771,570, with land alone at $966,000 representing the primary cost driver. The negative 29.5% margin delivers an $818,570 loss.
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Frequently Asked Questions
What is the development outcome here?
A net loss of $818,570 at negative 29.5%, classified as not viable.
Why is this duplex so unprofitable compared to other Preston sites?
Land cost of $966,000 is exceptionally high relative to the site area, driving the cost well above achievable revenue.
What is the total project cost?
$2,771,570, of which $966,000 is land.
How many dwellings are modelled?
Two dwellings in a duplex configuration under GRZ2 zoning.
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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).