#11 · amalgamation
2 houses → 70 homes
Address locked, Rose Bay
Residual land valueA$50.0m
Likely askA$42.5m
HeadroomA$7.5m
Development › Rose Bay › Site #91
1 house today → about 50 homes as apartments, up to 5 storeys. About 2,500 m², 60 m frontage, zone E1.
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 5 storeys (LEP controls)Local Environmental Plan · FSR 2:1 · 17.2 m | 50 | 5 | 5,000 m² | A$95.0m | A$32.5m | A$30.0m | A$1.9m | A$17.0m25% on cost · 18% on revenue |
Cost stack
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| Shop-top housing, up to 6 storeysLow and Mid-Rise (within 400 m) · FSR 2.2:1 · 24 m | 40 | 6 | 5,000 m² | A$85.0m | A$37.5m | A$24.0m | -A$6.0m | A$3.0m4% on cost · 4% on revenue |
Cost stack
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1 adjoining houses share a boundary with this site. Members see them.