20 Daventry Street, RESERVOIR VIC 3073
Development Feasibility Analysis in Reservoir, VIC
Three apartments are modelled on this 615 sqm GRZ2 block in Reservoir at $570,000 per dwelling. Project costs of $2,368,674 exceed revenue of $1,710,000, producing a $658,674 loss. The negative 27.8% margin makes this one of the more unprofitable sites in the Reservoir dataset.
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Frequently Asked Questions
What is the development outcome for 20 Daventry Street?
A net loss of $658,674 at a negative 27.8% margin. The project is not viable.
How many apartments are modelled here?
Three apartments under GRZ2 zoning on a 615 sqm block.
What drives the loss on this site?
Land at $600,000 on a 615 sqm block combined with apartment sale prices of $570,000 cannot support a three-dwelling project financially.
What is the total project cost?
$2,368,674, against revenue of $1,710,000.
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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).