Originally posted by Halo Jones
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In most t'internet build forums developers say 1/3 for the land, 1/3 for development & 1/3 for profit as a rough guide
I'm looking at 6 luxury flats 120 sq m - & similar in the area sell for £250k -but all build costs for flats propose a build cost of £1379 sq m which would give a sale price of £1.5 mil but construction costs of £992k leaving bugger all profit after infrastructure, utilities, finance, marketing etc costs are taken out
Would that £1379 sq m cost perchance include the cost of land?
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