29 Johnson Street, RICHMOND VIC 3121
Development Feasibility Analysis in Richmond, VIC
This 303 sqm NRZ1 block in Richmond produces the only profitable result among Richmond addresses assessed. Two dwellings at $1,363,500 each generate $2,727,000 revenue against total costs of $2,437,508, producing a $289,491 net profit. The 11.9% margin is marginal but positive, supported by the lower land price of $972,000.
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Frequently Asked Questions
Why is this Richmond duplex profitable when nearby sites are not?
Land is priced at $972,000, significantly lower than comparable Richmond blocks, which allows costs to fall below the $2,727,000 revenue threshold.
What is the net profit and margin?
$289,491 net profit at an 11.9% margin.
How many dwellings are modelled?
Two dwellings in a duplex under NRZ1 zoning on a 303 sqm block.
What sale price is used per dwelling?
$1,363,500 per unit, benchmarked against Richmond duplex sales.
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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).