#8 · amalgamation
2 houses → 65 homes
Address locked, Double Bay
Residual land valueA$42.5m
Likely askA$32.5m
HeadroomA$10.0m
Development › Double Bay › Site #9
1 house today → about 35 homes as apartments, up to 8 storeys + bonus. About 1,200 m², 30 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 | 35 | 8 | 3,500 m² | A$65.0m | A$23.0m | A$22.0m | A$6.0m | A$16.0m37% on cost · 24% 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 | 25 | 6 | 2,500 m² | A$55.0m | A$18.0m | A$19.0m | A$3.0m | A$12.0m33% on cost · 22% on revenue |
Cost stack
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| TerracesLow and Mid-Rise · FSR 0.75:1 · 10.5 m | 5 | 2 | 800 m² | A$20.0m | A$4.3m | A$9.5m | -A$6.5m | -A$3.8m-16% on cost · -18% on revenue |
Cost stack
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| TownhousesLow and Mid-Rise · FSR 0.75:1 · 10.5 m | 5 | 2 | 800 m² | A$19.0m | A$4.0m | A$9.0m | -A$7.0m | -A$4.3m-19% on cost · -23% on revenue |
Cost stack
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| Dual occupancyLow and Mid-Rise · FSR 0.75:1 · 10.5 m | 2 | 2 | 500 m² | A$12.0m | A$2.3m | A$6.0m | -A$10.0m | -A$9.0m-44% on cost · -75% on revenue |
Cost stack
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1 adjoining houses share a boundary with this site. Members see them.