335 Gillies Street, THORNBURY VIC 3071

Development Feasibility Analysis in Thornbury, VIC

335 Gillies Street, THORNBURY VIC 3071
TRZ2 zoning on this 760 sqm Thornbury block delivers the strongest financial result in the suburb. Four townhouses at $1,260,000 each generate $5,040,000 revenue against project costs of $4,051,592, producing a $988,407 profit. The 24.4% margin reflects the combination of a lower land price and transit-oriented zone density allowances.

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Frequently Asked Questions

What makes this Thornbury site the most profitable in the dataset?
TRZ2 zoning permits higher density on a 760 sqm block, while land at $1,026,000 is lower than comparable Thornbury sites, producing a 24.4% margin.
What is the net profit?
$988,407 at a 24.4% margin.
What sale price is used per dwelling?
$1,260,000 per townhouse, benchmarked against Thornbury's $1,400,000 median.
How many townhouses are modelled on this 760 sqm block?
Four townhouses under TRZ2 zoning.

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320 Gillies Street, Thornbury VIC 3071

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Thornbury VIC 3071

Duplex -33.2%
330 Raleigh Street, Thornbury VIC 3071

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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).