153 Werribee Street North, WERRIBEE VIC 3030
Development Feasibility Analysis in Werribee, VIC
Four apartments are modelled on this 677 sqm TRZ2 block in Werribee at $403,750 each. Revenue of $1,615,000 falls $1,086,792 short of total project costs of $2,701,792. The negative 40.2% margin is the best result among Werribee apartment sites but still firmly unprofitable.
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Frequently Asked Questions
What zone applies to this Werribee address?
TRZ2, Township Residential Zone 2, which permits four apartments on this 677 sqm site.
What is the net loss?
$1,086,792 at a negative 40.2% margin.
What is the land cost?
$474,000 for the 677 sqm block.
What apartment sale price is modelled?
$403,750 per dwelling, consistent with the Werribee apartment benchmark.
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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).