Profitable Townhouse Development: Feasibility Secrets EXPOSED! | EP. 29

[@peterkellyofficial]

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[@jyefrazer1871]

Love these videos guys keep it up! Only thing I watch on KZbin every week!

[@peterkellyofficial]

Love it Jye!! Thanks so much ✌️😀

[@anthonyversace9548]

Got this ep loaded up to watch later with the misso and a glass of wine. Love the content guys. My favourite show on KZbin right now.

[@peterkellyofficial]

Hahahaha Anthony this is great 🙏👍 Thanks for watching 🥳 Plenty more value to come - Looking into some more subject matter experts to bring on! Enjoy the wine 🍷👌

[@fisherh9111]

Mate, keen to see the designs and prices for the Little Fish product. Keep us posted!

[@peterkellyofficial]

Coming together mate 🤌🥊

[@fisherh9111]

Mate, double Gav! Pumped.

[@peterkellyofficial]

😀🫡🙏

[@peterkellyofficial]

Trying to get Gav up to Sydney Fish!! Give me something to get him up there 🥊

[@jollipetdrive3660]

Hey Peter, i'm looking at the feasibility studies, gavin has put 2% contingency. Is that abit too risky? Would 10% be more a conservative amount, for a less experienced developer?

[@peterkellyofficial]

Yes great point - For an inexperienced developer maybe 5-10%. Gavin is just working off our average! Great work 🔥🫵

[@johnmcmaster8307]

Hi peter 61 draper st. 31sq townhouses so total 62 sqs. You put construction cost estimate as $1250000. That is about only $20K per sq. Is this under estimating? I thought at least $27k per sq now

[@peterkellyofficial]

Hi John - Thanks for watching. We have an exclusive range of designs with a large scale builder that we choose to use depending on the location and block size and type.... this is an example of that. It's a play to keep build costs down on certain sites. Also, pretty sure there would have been extra allowance for upgrades, circa $100K. So closer to $1.35m. Which is about right for this range. You are right with your allowance of $27K for a custom build. That's even getting closer to $29K really. 👍👍

[@randy8643]

When they say 20sq townhouses does that mean 200 sq metres floorplan?

[@peterkellyofficial]

Yep - Pretty close Randy 🥊👍 A bit more. You can google the conversion.

[@fisherh9111]

Squares is an old unit of measurement. It’s less than 10sqm per square. Google will know exact value.

[@VegabondSam]

One square is 9.2m2

[@peterkellyofficial]

👌👍