#2 · amalgamation
2 houses → 35 homes
Address locked, Edgecliff
Residual land valueA$19.0m
Likely askA$17.0m
HeadroomA$2.0m
Heritage conservation area
Development › Edgecliff › Site #12
1 house today → about 20 homes as apartments, up to 8 storeys + bonus. About 700 m², 45 m frontage, zone R3.
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.
Sites whose best option clears a 40% margin on cost at the likely ask are A$387. One claim credit claims any site.
| 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 | 20 | 8 | 2,000 m² | A$37.5m | A$15.0m | A$11.0m | A$550k | A$5.5m19% on cost · 14% on revenue |
Cost stack
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| Apartments, up to 6 storeysLow and Mid-Rise (within 400 m) · FSR 2.2:1 · 22 m | 15 | 6 | 1,500 m² | A$30.0m | A$11.0m | A$9.5m | -A$1.5m | A$3.0m13% on cost · 10% on revenue |
Cost stack
| ||||||||
| Dual occupancyLow and Mid-Rise · FSR 0.75:1 · 19.5 m | 2 | 2 | 500 m² | A$10.0m | A$2.3m | A$5.0m | -A$6.0m | -A$5.0m-35% on cost · -52% on revenue |
Cost stack
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| TerracesLow and Mid-Rise · FSR 0.75:1 · 19.5 m | 3 | 2 | 500 m² | A$11.0m | A$2.5m | A$4.8m | -A$6.3m | -A$4.5m-30% on cost · -41% on revenue |
Cost stack
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| TownhousesLow and Mid-Rise · FSR 0.75:1 · 19.5 m | 3 | 2 | 500 m² | A$9.5m | A$2.4m | A$4.3m | -A$6.8m | -A$6.0m-39% on cost · -61% on revenue |
Cost stack
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2 adjoining houses share a boundary with this site. Members see them.
Heritage conservation area