
MORTGAGEE SALE · APPROVED TOWNHOUSE SITE
Fourteen approved townhouses with price discovery still open
2,769m² · approval for 14 townhouses · expressions of interest
The site already has a fourteen-townhouse approval and is being sold under mortgagee instructions. That removes one major unknown, but it does not prove the land price or build feasibility.
Worth moving to a first feasibility now. The approval makes the opportunity faster to understand; the real question is whether fourteen completed homes can carry land, construction, finance, selling costs and a proper buffer.
Rule it out if the approval has expensive conditions, the services or civil works are heavier than expected, or the land price leaves no room for delivery risk.
The exact site and listing, approval documents, prior-sale evidence, first revenue and build-cost tests, service and civil-work questions, and the land-price range that still leaves a buffer.





