Feasibility › VIC › Thornbury › 320 Gillies Street, Thornbury VIC 3071

320 Gillies Street, Thornbury VIC 3071

Development Feasibility Analysis in Thornbury, VIC

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Frequently Asked Questions

Is 320 Gillies Street, Thornbury VIC 3071 suitable for property development?

At current market conditions, 320 Gillies Street, Thornbury VIC 3071 does not appear viable for duplex development, showing a -33.2% margin. However, results vary significantly with different assumptions -- try our calculator to test your own numbers.

What type of development is recommended for this site?

Our analysis recommends a duplex development with 2 dwellings. This was selected as the most profitable option after comparing townhouse, duplex, apartment, and house & land configurations for this VIC site.

What is the estimated land acquisition cost?

The estimated land price is $862,500, based on an AVM (Automated Valuation Model) with a development discount of approximately 60%. The actual purchase price may vary -- use our calculator to input your own figures.

What sale price per dwelling is assumed?

Each duplex is assumed to sell for $1,035,000, based on available median market data and user/model assumptions for Thornbury, VIC. Actual sale prices depend on comparable sales, build quality, finishes, and market conditions at completion.

What is the planning zone for this property?

This property is in the GRZ1 zone. General Residential zones typically allow multi-dwelling development subject to council approval.

How accurate is this feasibility analysis?

This is an automated screening estimate using benchmark construction costs, available government planning/cadastre data, public market indicators, and user inputs. It is not a valuation or professional feasibility report. Before relying on the numbers, obtain builder quotes and consult a quantity surveyor, accountant, town planner, and solicitor.

More Reports in Thornbury

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41 Wales Street

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330 Raleigh Street

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Nearby Suburbs

Camberwell (9) Doncaster (5) Northcote (5) Clayton (5) Coburg (5)

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).