Are you undertaking or thinking about undertaking a townhouse development in Melbourne? … Or anywhere really? Well, stick around because in this article I am going to share four townhouse designs and prices Melbourne.

Let’s get into it.

Now, before I lift up the hood on these Melbourne townhouse designs and prices it is important to note that development costs are always going to be fluid.

Meaning that they are fluctuating all of the time relative to the greater market conditions. Supply, demand etc.

So, you certainly don’t want to be making big decisions based solely on these numbers. These design and price examples are purely to get you heading in the right direction.

Let’s hook into example number one.

262 Waterdale Road Ivanhoe Melbourne

262 Waterdale Road is a three-townhouse corner site. Each dwelling ended up with approximately 220 square meters of land and approximately 21 squares of living. The site orientation, east-west.

The site itself was zoned as GRZ1. In this part of Banyule, it can be difficult to find sites zoned as GRZ1, GRZ2 are definitely more common – so it was a good find that’s for sure.

The front setback off Waterdale Road was the game-changer, with the townhouse built to our north being so close to the road it meant that we could minimise our setback which essentially was the key to the three townhouses working.

Before we jump into the costs, it is important to point out that not only this project, but all the selected examples are what we would consider a medium specification.

So not cheap or crazy expensive rather somewhere in the middle.

262 Waterdale Road Plans

262 Waterdale Road Costs

Let’s start with the early development costs … as you can see these included the land surveying, arborist report, drafting and the town planner and totalled 22,400.

Early Dev. Costs

  • Land surveyor = 2600
  • Arborist = 1800
  • Drafting/planning = 14000
  • Town planner = 4000
  • Total – 22,400

Next are the middle development costs, these include the demolition, tree removal, construction docs such as the engineering, energy etc., the plan of subdivision and some other miscellaneous costs such as insurances and council rates etc. totalling 58,000.

Middle dev. Costs

  • Demolition = 13000
  • Tree removal = 1000
  • Construction docs. =16000
  • POSD & services = $16,000
  • Miscellaneous (insurances, council rates etc.) = 12,000
  • Total – 58,000

Construction Costs

Next up are the construction costs which include the fixed price build contract, earthworks, your concrete slab, the building permit and the open space contribution to the council given it was a three-townhouse site all of which came in at a total of 1,186,000.

  • Fixed price contract = 1.1mil
  • Earthworks = 20000
  • Building permit =6000
  • Open space contribution – $60,000
  • Total – 1,186,000

Next, the marketing costs, so the 3D renders the onsite hoarding and graphics and custom brochure. These totalled 11,500.

Marketing costs

  • 3D renders = 5000
  • Hoarding = 2500
  • Custom brochure = 4000
  • Total – 11,500

And finally, the project management fee was 92,000.

Total project cost = $1,358,400

329 Inkerman Street Balaclava Melbourne

This 329 Inkerman Street project is a side-by-side dual occupancy design with a right of way at the rear. Each dwelling ended up with approximately 215 square meters of land and approximately 20 and 25 squares of living.

One of the dwellings has a double garage at the rear and the other has a single garage with a car stacker for the second car.

We were able to achieve a study as well which was a real bonus.

329 Inkerman Street Plans

329 Inkerman Street Costs

Let’s look at the costs, first up the early development costs for this project these include the land surveying, the arborist report, drafting and planning and the town planner. The total, 21,900.

Early Dev. Costs

  • Land surveyor = 3600
  • Arborist = 900
  • Drafting/planning = 13000
  • Town planner = 4400
  • Total – 21,900

Next were the middle development costs which included the demolition, construction docs, interior design, the plan of subdivision and relevant services and some miscellaneous costs. All together totalling 74,000.

Middle dev. Costs

  • Demolition = 17000
  • Construction docs. =16000
  • Interior design = 5000
  • POSD & services = $20,000
  • Miscellaneous (insurances, council rates etc.) = 16,000
  • Total – 74,000

Next up, the construction costs which include the fixed price contract, earthworks and the building permit which totalled 1,035,000.

Construction Costs

  • Fixed price contract = 1mil
  • Earthworks = 30000
  • Building permit =5000
  • Total – 1,035,000

Next, the marketing costs such as the 3D renders, hoarding and custom brochure totalling 11,000.

Marketing costs

  • 3D renders = 5000
  • Hoarding = 2000
  • Custom brochure = 4000
  • Total – 11,000

And lastly, there was the project management fee of 80,000 with the overall price for this townhouse design coming in at 1,221,900.

Total project cost = $1,221,900

24 Coling Avenue Carnegie Melbourne

24 Coling Avenue is another side-by-side dual occupancy build. Each dwelling ended up with approximately 280 square meters of land and 26 square meters of living. The site orientation, east-west.

The site backs onto a reserve so it was designed so that both the living and master look out onto it which is pretty cool.

24 Coling Avenue Plans

24 Coling Avenue Costs

Now let’s look at the costs. The early development costs included land surveying, drafting and the town planner coming in at 19,000.

Early Dev. Costs

  • Land surveyor = 3000
  • Drafting/planning = 12000
  • Town planner = 4000
  • Total – 19000

Next are the middle development costs which include the demolition, tree removal, construction documents (again, energy and engineering etc.), the plan of subdivision and relevant services and some miscellaneous costs all totalling 60,800.

Middle dev. Costs

  • Demolition = 15000
  • Tree removal = 800
  • Construction docs. =15000
  • POSD & services = $18,000
  • Miscellaneous (insurances, council rates etc.) = 13,000
  • Total – 60,800

Next, let’s look at the construction costs for this dual occupancy townhouse design. They included the fixed price build contract, earthworks and the building permit totalling 1,000,000.

Construction Costs

  • Fixed price contract = $975,000
  • Earthworks = 20000
  • Building permit =5000
  • Open space contribution – N/A
  • Total – 1,000,000

Next are the marketing costs, so the 3D renders, hoarding and custom brochure which totalled 11,000

Marketing costs

  • 3D renders = 5000
  • Hoarding = 2000
  • Custom brochure = 4500
  • Total – 11,000
  • PM fee = 80,000

And finally, the development management fee of 80,000.

So, altogether, the total price for this townhouse design was 1,170,000.

Total project cost = $1,170,000

2 Tobruk Crescent Williamston Melbourne

2 Tobruk Crescent is a two-townhouse corner site, each dwelling coming with approximately 260 meters of land and 25 squares of living with a north-south orientation.

Two townhouse corner sites are a great way to try and achieve two independent addresses to minimise the dual occ feel, which is what we were able to do here.

In fact, each townhouse has a different street address, both with whole numbers which are gold.

2 Tobruk Crescent Plans

2 Tobruk Crescent Costs

Now let’s look at the costs, starting with the early development costs which include the land surveying, arborist and drafting and planning totalling 18,800.

Early Dev. Costs

  • Land surveyor = 2800
  • Arborist = 3000
  • Drafting/planning = 13000
  • Total – 18,800

Next are the middle development costs, so the demolition, tree removal, construction docs, the plan of subdivision and services and some miscellaneous all totalling 65,000.

Middle dev. Costs

  • Demolition = 11000
  • Tree removal = 2000
  • Construction docs. =15000
  • POSD & services = $20,000
  • Miscellaneous (insurances, council rates etc.) = 17,000
  • Total – 65,000

Next, we have the construction costs which include the fixed price build contract, earthworks and the building permit all coming to 895,500.

Construction Costs

  • Fixed price contract = $875,000
  • Earthworks = 15000
  • Building permit =5500
  • Open space contribution – N/A
  • Total – 895,500

Then it’s the marketing costs which includes the 3D renders, hoarding and the custom brochure with a total of 12,400.

Marketing costs

  • 3D renders = 5400
  • Hoarding = 2000
  • Custom brochure = 5000
  • Total – 12,400

The property development consultants project management fee for Tobruk Crescent was 82,000

All together bringing the total cost to 1,073,700

Total project cost = $1,073,700

Wrapping Up

Now, as mentioned off the top it is critical that you take these numbers with a grain of salt, the market is fluid and always moving.

These examples should get you heading in the right direction and help you understand the townhouse designs and prices to deliver projects such as these in and around Melbourne suburbia.

It is also important to include contingency within your feasibilities, you don’t want to be operating too close to the line.

Remember murphy’s law – if something can go wrong, it will.

Things always cost more and take longer than anticipated which is something you need to be aware of and factor in, it’s also something you will get better at with time in the saddle.