5 Hillcrest Avenue, RINGWOOD VIC 3134
Development Feasibility Analysis in Ringwood, VIC
This 998 sqm GRZ1 block in Ringwood supports four townhouses at $855,000 each. Total revenue of $3,420,000 falls $518,103 short of project costs of $3,938,103. At negative 13.2%, the margin is loss-making but less severe than other Ringwood GRZ1 sites due to the lower land cost of $489,000.
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Frequently Asked Questions
What is the development outcome for this Ringwood site?
A net loss of $518,103 at a negative 13.2% margin. Not viable.
How does land cost compare to 1A Upton Court?
Land here is $489,000 compared to $712,500 at 1A Upton Court, which partially reduces the loss.
What project type is modelled?
Four townhouses under GRZ1 zoning on a 998 sqm block.
What total revenue is generated from sales?
Four townhouses at $855,000 each produce total revenue of $3,420,000.
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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).