16 Ireland Street, RINGWOOD VIC 3134
Development Feasibility Analysis in Ringwood, VIC
Ringwood's TRZ2 zone permits up to five townhouses on this 998 sqm block. At $855,000 per dwelling, total revenue is $4,275,000 against project costs of $4,097,382, delivering a $177,617 net profit. The 4.3% margin is slim but places this project in marginal territory.
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Frequently Asked Questions
What zone applies to this Ringwood property?
TRZ2, Township Residential Zone 2, which supports medium-density townhouse development.
What is the development margin?
4.3% positive margin with a net profit of $177,617.
What is the land cost on this 998 sqm block?
Land is $636,000, which is relatively affordable for the site area.
What sale price is assumed per townhouse?
$855,000 per dwelling based on Ringwood townhouse market data.
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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).