A duplex development site only works if the numbers stack up before you sign anything. Purchase price, construction costs, and exit value all need to line up, or the project loses money before the first brick is laid.
We recently secured a duplex development site in Fairlight for our client at $4 million.
Our process on this deal: assessed the site’s development potential against council zoning and duplex feasibility, ran comparable sales analysis on completed duplex projects in the area to validate the exit strategy, negotiated directly with the vendor to secure the site on terms that protected our client’s development margin, and coordinated with the client’s broader project team to make sure the purchase timeline matched their construction planning.
Buying a development site is only the first step in a project like this. Getting the purchase price right is what determines whether the development is profitable or marginal from day one.