#4 · amalgamation
3 houses → 55 homes
Address locked, Rose Bay
Residual land valueA$30.0m
Likely askA$20.0m
HeadroomA$10.0m
Development › Rose Bay › Site #54
1 house today → about 15 homes as apartments, up to 8 storeys + bonus. About 500 m², 13 m frontage, zone R3.
A claim takes this site off the market for every other member for 3 months and opens its address, lot outline, exact figures and neighbours to you.
Sites whose best option clears a 40% margin on cost at the likely ask are A$387. One claim credit claims any site.
| Option | Homes | Storeys | GFA | Realisation | Costs | Residual land value | Headroom | Profit at likely ask |
|---|---|---|---|---|---|---|---|---|
| Apartments, up to 8 storeys + affordable housing bonusLow and Mid-Rise + Chapter 2 bonus (15% affordable) · FSR 2.86:1 · 28.6 m | 15 | 8 | 1,500 m² | A$30.0m | A$11.0m | A$9.0m | A$3.0m | A$8.5m44% on cost · 28% on revenue |
Cost stack
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| Apartments, up to 6 storeysLow and Mid-Rise (within 400 m) · FSR 2.2:1 · 22 m | 10 | 6 | 1,200 m² | A$23.0m | A$8.5m | A$7.5m | A$1.5m | A$4.8m30% on cost · 21% on revenue |
Cost stack
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| Dual occupancyLow and Mid-Rise · FSR 0.75:1 · 10.5 m | 2 | 2 | 400 m² | A$9.5m | A$1.8m | A$5.0m | -A$1.0m | A$160k2% on cost · 2% on revenue |
Cost stack
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3 adjoining houses share a boundary with this site. Members see them.