#5 · amalgamation
3 houses → 50 homes
Address locked, Rose Bay
Residual land valueA$30.0m
Likely askA$19.0m
HeadroomA$11.0m
Development › Rose Bay › Site #29
1 house today → about 20 homes as apartments, up to 8 storeys + bonus. About 700 m², 15 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.
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.
| 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$14.0m | A$11.0m | A$3.5m | A$10.0m43% on cost · 27% 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$10.0m | A$2.5m | A$6.5m33% on cost · 22% on revenue |
Cost stack
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| Dual occupancyLow and Mid-Rise · FSR 0.75:1 · 9.5 m | 2 | 2 | 500 m² | A$12.0m | A$2.3m | A$6.5m | -A$1.0m | A$250k2% on cost · 2% on revenue |
Cost stack
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| TownhousesLow and Mid-Rise · FSR 0.75:1 · 9.5 m | 3 | 2 | 500 m² | A$12.0m | A$2.4m | A$5.5m | -A$2.0m | A$150k1% on cost · 1% on revenue |
Cost stack
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4 adjoining houses share a boundary with this site. Members see them.