#2 · amalgamation
3 houses → 50 homes
Address locked, Homebush
Residual land valueA$11.0m
Likely askA$10.0m
HeadroomA$1.0m
Development › Homebush › Site #4
1 house today → about 25 homes as townhouses. About 1,250 m², 30 m frontage, zone R4.
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 |
|---|---|---|---|---|---|---|---|---|
| TownhousesLow and Mid-Rise · FSR 2.8:1 · 42 m | 25 | 2 | 3,500 m² | A$35.0m | A$18.0m | A$5.5m | A$750k | A$6.5m26% on cost · 18% on revenue |
Cost stack
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| Dual occupancyLow and Mid-Rise · FSR 2.8:1 · 42 m | 2 | 2 | 500 m² | A$4.5m | A$2.3m | A$900k | -A$3.9m | -A$3.5m-44% on cost · -78% on revenue |
Cost stack
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| TerracesLow and Mid-Rise · FSR 2.8:1 · 42 m | 4 | 2 | 600 m² | A$6.5m | A$3.5m | A$800k | -A$4.0m | -A$3.0m-33% on cost · -46% on revenue |
Cost stack
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| Apartments, up to 12 storeysLow and Mid-Rise (400 to 800 m) · FSR 2.8:1 · 42 m | 40 | 12 | 3,500 m² | A$37.5m | A$25.0m | A$6k | -A$4.7m | A$1.1m4% on cost · 3% on revenue |
Cost stack
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| Apartments, up to 16 storeys + affordable housing bonusLow and Mid-Rise + Chapter 2 bonus (15% affordable) · FSR 3.64:1 · 54.6 m | 50 | 16 | 5,000 m² | A$47.5m | A$32.5m | -A$1.8m | -A$6.6m | A$1.9m5% on cost · 4% on revenue |
Cost stack
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5 adjoining houses share a boundary with this site. Members see them.