853 Plenty Road, RESERVOIR VIC 3073
Development Feasibility Analysis in Reservoir, VIC
Located on Plenty Road under RGZ1 zoning, this 731 sqm site is modelled for eight apartments at $570,000 each. Despite the higher dwelling count, total costs of $5,272,086 exceed revenue of $4,560,000 by $712,086. The negative 13.5% margin confirms the project is unprofitable.
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Frequently Asked Questions
What zone applies to 853 Plenty Road Reservoir?
RGZ1, Residential Growth Zone 1, which supports higher-density apartment development.
Why does eight apartments still not produce a profit?
Construction cost scales with dwelling count, and the $570,000 sale price is not sufficient to achieve margin at total costs of $5,272,086.
What is the net loss on this project?
$712,086 at a negative 13.5% margin.
What is the land price for this site?
$732,000 for the 731 sqm Plenty Road block.
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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).