Standalone site

Address locked, Double Bay

1 house today → about 15 homes as apartments, up to 8 storeys + bonus. About 500 m², 40 m frontage, zone R3.

Residual land valueA$10.0m

Likely ask (1 house)A$5.0mFrom the 1 July 2025 land value x 1.15

HeadroomA$5.0m

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
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$10.0m	A$5.0m	A$9.5m53% on cost · 31% 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$475k 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$5.0m instead leaves A$9.5m pre-tax on a total development cost of A$17.0m. Includes 15% affordable housing at 65% of market.
Apartments, up to 6 storeysLow and Mid-Rise (within 400 m) · FSR 2.2:1 · 22 m	10	6	1,200 m²	A$24.0m	A$8.0m	A$8.5m	A$3.5m	A$7.5m51% on cost · 30% on revenue
Cost stack Construction 1,200 m² at A$5,500/m²A$6.5m Basement parkingA$375k DemolitionA$45k Consultants, DA and certification (9%)A$600k Contributions (A$28,000 per new home)A$275k Contingency (5%)A$375k 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$5.0m instead leaves A$7.5m pre-tax on a total development cost of A$14.0m.
Dual occupancyLow and Mid-Rise · FSR 0.65:1 · 9.5 m	2	2	350 m²	A$8.0m	A$1.5m	A$4.0m	-A$1.0m	A$200k3% on cost · 3% on revenue
Cost stack Construction 350 m² at A$3,700/m²A$1.3m DemolitionA$45k Consultants, DA and certification (9%)A$110k Contributions (A$28,000 per new home)A$28k Contingency (5%)A$70k 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$5.0m instead leaves A$200k pre-tax on a total development cost of A$7.5m.

Site facts

Site area: About 500 m² (23 m by 50 m)
Street frontage: About 40 m (measured against the road corridor)
Zone: R3 Medium Density Residential · Woollahra Local Environmental Plan 2014
LEP controls: FSR 0.65:1 · height 9.5 m · minimum lot 700 m²
Nearest nominated centre: About 200 m to Double Bay town centre (straight line) · Within 400 m of a nominated centre
Land value: About A$4,500,000 at 1 July 2025, NSW Valuer General · from A$3,000,000 at 1 July 2021 (+50%)

Neighbours

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

Amalgamation options

#11 · amalgamation 3 houses → 35 homes

Address locked, Double Bay

Residual land valueA$24.0m

Likely askA$14.0m

HeadroomA$10.0m

1,200 m² · Apartments, up to 8 storeys + bonus · R3 · address locked