Standalone site

Address locked, Randwick

1 house today → 7 homes as townhouses. About 600 m², 15 m frontage, zone R3.

Residual land valueA$5.0m

Likely ask (1 house)A$2.8mFrom the 1 July 2025 land value x 1.15

HeadroomA$2.3m

Claim this site

A$387 inc GST · 3 months

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.

This site is A$387 because its best option clears a 40% margin on cost at the likely ask. Other sites are A$182. One claim credit claims any site.

Every option the rules allow

Option	Homes	Storeys	GFA	Realisation	Costs	Residual land value	Headroom	Profit at likely ask
TownhousesLow and Mid-Rise · FSR 1.8:1 · 19.5 m	7	2	1,100 m²	A$15.0m	A$5.5m	A$5.0m	A$2.3m	A$4.5m49% on cost · 29% on revenue
Cost stack Construction 1,100 m² at A$4,100/m²A$4.5m DemolitionA$45k Consultants, DA and certification (9%)A$400k Contributions (A$28,000 per new home)A$170k Contingency (5%)A$240k 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$4.5m pre-tax on a total development cost of A$9.0m.
Apartments, up to 7 storeys + affordable housing bonusLow and Mid-Rise + Chapter 2 bonus (15% affordable) · FSR 2.34:1 · 25.4 m	15	7	1,500 m²	A$20.0m	A$10.0m	A$3.8m	A$1.0m	A$4.0m29% on cost · 20% on revenue
Cost stack Construction 1,500 m² at A$5,500/m²A$8.0m Basement parkingA$475k DemolitionA$45k Consultants, DA and certification (9%)A$750k Contributions (A$28,000 per new home)A$375k Contingency (5%)A$450k 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$4.0m pre-tax on a total development cost of A$14.0m. Includes 15% affordable housing at 65% of market.
Apartments, up to 5 storeysLow and Mid-Rise (400 to 800 m) · FSR 1.8:1 · 19.5 m	10	5	1,100 m²	A$16.0m	A$7.5m	A$3.5m	A$750k	A$3.3m28% on cost · 20% on revenue
Cost stack Construction 1,100 m² at A$5,500/m²A$6.0m Basement parkingA$375k DemolitionA$45k Consultants, DA and certification (9%)A$550k Contributions (A$28,000 per new home)A$275k Contingency (5%)A$350k 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$3.3m pre-tax on a total development cost of A$11.0m.
Dual occupancyLow and Mid-Rise · FSR 1.8:1 · 19.5 m	2	2	500 m²	A$7.0m	A$2.3m	A$2.5m	-A$250k	A$800k15% on cost · 12% 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$2.8m instead leaves A$800k pre-tax on a total development cost of A$5.5m.

Site facts

Site area: About 600 m² (15 m by 40 m)
Street frontage: About 15 m (measured against the road corridor)
Zone: R3 Medium Density Residential · Randwick Local Environmental Plan 2012
LEP controls: FSR 1.8:1 · height 19.5 m · minimum lot not mapped
Nearest nominated centre: About 400 m to Randwick town centre and light rail station (straight line) · 400 to 800 m from a nominated centre
Land value: About A$2,500,000 at 1 July 2025, NSW Valuer General · from A$2,200,000 at 1 July 2021 (+15%)
Notes: DA on record.
Latest DA: A development application is on record for this site. The member who claims it sees the application.

Neighbours

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

Amalgamation options

#5 · amalgamation 3 houses → 20 homes

Address locked, Randwick

Residual land valueA$14.0m

Likely askA$8.5m

HeadroomA$5.5m

1,500 m² · Townhouses · R3 · address locked

DA on a house (Under Assessment)