Not viable as a standalone site

Address locked, Maroubra

1 house today → 2 homes as dual occupancy. About 500 m², 12 m frontage, zone R3.

Residual land valueA$1.7m

Likely ask (1 house)A$2.0mFrom the 1 July 2025 land value x 1.15

Headroom-A$300k

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Every option the rules allow

Option	Homes	Storeys	GFA	Realisation	Costs	Residual land value	Headroom	Profit at likely ask
Dual occupancyLow and Mid-Rise · FSR 0.9:1 · 12 m	2	2	450 m²	A$5.0m	A$1.9m	A$1.7m	-A$300k	A$275k6% on cost · 5% on revenue
Cost stack Construction 450 m² at A$3,700/m²A$1.6m DemolitionA$45k Consultants, DA and certification (9%)A$140k Contributions (A$28,000 per new home)A$28k Contingency (5%)A$90k Then selling costs 3%, GST on the margin, finance 7.5%, stamp duty 5.5% and a 20% developer margin solve for the land. Buying at the likely ask of A$2.0m instead leaves A$275k pre-tax on a total development cost of A$4.3m.

Site area: About 500 m² (11 m by 45 m)
Street frontage: About 12 m (measured against the road corridor)
Zone: R3 Medium Density Residential · Randwick Local Environmental Plan 2012
LEP controls: FSR 0.9:1 · height 12 m · minimum lot not mapped
Nearest nominated centre: About 100 m to Maroubra Junction town centre (straight line) · Within 400 m of a nominated centre
Land value: About A$1,800,000 at 1 July 2025, NSW Valuer General · from A$1,300,000 at 1 July 2021 (+40%)
Notes: DA on record.
Latest DA: A development application is on record for this site. The member who claims it sees the application.

1 adjoining houses share a boundary with this site. Members see them.

#1 · amalgamation 3 houses → 40 homes

Residual land valueA$7.5m

Likely askA$5.5m

HeadroomA$2.0m

1,500 m² · Apartments, up to 8 storeys + bonus · R3 · address locked

DA on a house (Determined)