Hi Somersofters and Property Chat, After using Somersoft to help with development knowledge and finding my property I am now in the near the start of my first development starting. I am wanting some help with the feasibility and also help with costs and breakdowns. Summary: Property: 3 bedroom in Reservoir on 580 block To build: knock down of existing house and build 2 x 2 bedroom 2 bathroom townhouses size 108.45 sqm with carport each at front and 1 x 2 bedroom 1 bathroom townhouse at rear with carport 90.89 sqm including carport House : $510,000 It is currently tenanted until April 2017. Associated cost for buying including LMI and stamp: $40000 Permit: $20000 Cost to build: $650000. This is to include all demolition, build, landscaping and subdivision costs. Only costs on top will be Telstra connection and Council contribution Total costs: $1.22 mil Numbers for projected value: End value Unit 1 $500 - 550k (front) Unit 2 $500 - 550k (front) Unit 3 $450 - 480k End value conservative: $1.45 mil. I will have to do more look into these values because they may seem a bit high to me considering they are in Reservoir East (near Northlands) I am in the process of going for a construction loan. The questions I would love to get help would be is this project feasible? Is the costs build of 3 townhouses at good specs (ie floor boards etc) with all costs and landscaping for $650000 about right? What are the costs included in this $650000 and how much would subdivision, landscaping, building all costs individually? Are there any other costs/steps I should be aware of as this is my first development? Thank you in advance!