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Development › Artarmon › Site

Not viable as a standalone site

Address locked, Artarmon

1 house today → 2 homes as dual occupancy. About 800 m², 50 m frontage, zone R2.

Residual land valueA$1.9m
Likely ask (1 house)A$2.8mFrom the 1 July 2025 land value x 1.15
Headroom-A$850k
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Every option the rules allow

OptionHomesStoreysGFARealisationCostsResidual land valueHeadroomProfit at likely ask
Dual occupancyHousing SEPP (R2 state-wide) · FSR 0.65:1 · 9.5 m 22500 m² A$6.0mA$2.1mA$1.9m-A$850k A$150k3% on cost · 2% on revenue
Cost stack
  • Construction 500 m² at A$3,700/m²A$1.8m
  • DemolitionA$45k
  • Consultants, DA and certification (9%)A$160k
  • 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$2.8m instead leaves A$150k pre-tax on a total development cost of A$5.5m.
TerracesLow and Mid-Rise · FSR 0.7:1 · 9.5 m 32500 m² A$6.5mA$2.5mA$1.7m-A$1.1m A$160k3% on cost · 2% on revenue
Cost stack
  • Construction 500 m² at A$4,300/m²A$2.1m
  • Basement parkingA$100k
  • DemolitionA$45k
  • Consultants, DA and certification (9%)A$200k
  • Contributions (A$28,000 per new home)A$55k
  • Contingency (5%)A$120k
  • 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$2.8m instead leaves A$160k pre-tax on a total development cost of A$6.0m.
TownhousesLow and Mid-Rise · FSR 0.7:1 · 9.5 m 32500 m² A$6.0mA$2.4mA$1.5m-A$1.3m -A$170k-3% on cost · -3% on revenue
Cost stack
  • Construction 500 m² at A$4,100/m²A$2.0m
  • DemolitionA$45k
  • Consultants, DA and certification (9%)A$180k
  • Contributions (A$28,000 per new home)A$55k
  • Contingency (5%)A$110k
  • 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$2.8m instead leaves -A$170k pre-tax on a total development cost of A$5.5m.
Manor house (4 flats)Low and Mid-Rise · FSR 0.8:1 · 9.5 m 42450 m² A$5.5mA$2.5mA$1.4m-A$1.4m -A$700k-12% on cost · -13% on revenue
Cost stack
  • Construction 450 m² at A$4,400/m²A$1.9m
  • Basement parkingA$140k
  • DemolitionA$45k
  • Consultants, DA and certification (9%)A$190k
  • Contributions (A$28,000 per new home)A$85k
  • Contingency (5%)A$110k
  • 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$2.8m instead leaves -A$700k pre-tax on a total development cost of A$6.0m.

Site facts

Site area
About 800 m² (20 m by 45 m)
Street frontage
About 50 m (measured against the road corridor)
Zone
R2 Low Density Residential · Willoughby Local Environmental Plan 2012
LEP controls
FSR 0.40000001:1 · height 8 m · minimum lot 550 m²
Nearest nominated centre
About 750 m to Artarmon station (straight line) · 400 to 800 m from a nominated centre
Heritage
Conservation area: Artamon
Land value
About A$2,400,000 at 1 July 2025, NSW Valuer General · from A$2,100,000 at 1 July 2021 (+15%)
Notes
Heritage conservation area.

Neighbours

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

Amalgamation options

#2 · amalgamation 3 houses → 15 homes

Address locked, Artarmon

Residual land valueA$9.0m
Likely askA$8.0m
HeadroomA$1.0m

3,000 m² · Terraces · R2 · address locked

Heritage conservation area