Residential plot - plot 962
€900,000
Feasibility
Area – 679 m2
140% x 679m2 = 950 m2
950m2 ÷ 4 floors = 237 m2 per floor
237 m2 ÷ 3 flats = 79 m2
Total – 12 flats each 79 m2
Financial
Cost of land = € 900,000
Cost of building – 950m2 x 900 = € 855,000
Services = € 100,000 (architecture, license, electricity, water, etc.)
Total cost = € 1,855,000
Selling price: 12 flats x €290,000 = € 3,480,000