Not viable as a standalone site

Address locked, Strathfield

1 house today → 2 homes as dual occupancy. About 600 m², 15 m frontage, zone R4.

Residual land valueA$2.4m

Likely ask (1 house)A$3.0mFrom the 1 July 2025 land value x 1.15

Headroom-A$600k

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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 2.79999995:1 · 21 m	2	2	500 m²	A$7.0m	A$2.3m	A$2.4m	-A$600k	A$550k9% on cost · 8% on revenue
Cost stack Construction 500 m² at A$3,700/m²A$1.9m DemolitionA$45k Consultants, DA and certification (9%)A$170k Contributions (A$28,000 per new home)A$28k Contingency (5%)A$100k 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$3.0m instead leaves A$550k pre-tax on a total development cost of A$6.0m.
Apartments, up to 6 storeysLow and Mid-Rise (400 to 800 m) · FSR 2.79999995:1 · 21 m	15	6	1,500 m²	A$18.0m	A$11.0m	A$1.4m	-A$1.6m	A$850k6% on cost · 5% on revenue
Cost stack Construction 1,500 m² at A$5,500/m²A$8.5m Basement parkingA$500k DemolitionA$45k Consultants, DA and certification (9%)A$800k Contributions (A$28,000 per new home)A$400k Contingency (5%)A$500k 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$3.0m instead leaves A$850k pre-tax on a total development cost of A$15.0m.
Apartments, up to 8 storeys + affordable housing bonusLow and Mid-Rise + Chapter 2 bonus (15% affordable) · FSR 3.64:1 · 27.3 m	20	8	2,000 m²	A$22.0m	A$14.0m	A$900k	-A$2.1m	A$1.2m6% on cost · 5% on revenue
Cost stack Construction 2,000 m² at A$5,500/m²A$11.0m Basement parkingA$700k DemolitionA$45k Consultants, DA and certification (9%)A$1.1m Contributions (A$28,000 per new home)A$550k Contingency (5%)A$650k 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$3.0m instead leaves A$1.2m pre-tax on a total development cost of A$18.0m. Includes 15% affordable housing at 65% of market.

Site facts

Site area: About 600 m² (15 m by 35 m)
Street frontage: About 15 m (measured against the road corridor)
Zone: R4 High Density Residential · Canada Bay Local Environmental Plan 2013
LEP controls: FSR 2.79999995:1 · height 21 m · minimum lot 450 m²
Nearest nominated centre: About 750 m to Burwood station and town centre (straight line) · 400 to 800 m from a nominated centre
Land value: About A$2,750,000 at 1 July 2025, NSW Valuer General · from A$1,800,000 at 1 July 2021 (+55%)

Neighbours

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

Amalgamation options

#1 · amalgamation Claimed 3 houses → 30 homes

Address locked, Strathfield

Residual land valueA$22.0m

Likely askA$9.0m

HeadroomA$13.0m

1,750 m² · Townhouses · R4 · address locked