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Not viable as a standalone site

Address locked, Strathfield

1 house today → 6 homes as terraces. About 1,250 m², 60 m frontage, zone R4.

Residual land valueA$4.5m
Likely ask (1 house)A$5.0mFrom the 1 July 2025 land value x 1.15
Headroom-A$500k
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Every option the rules allow

OptionHomesStoreysGFARealisationCostsResidual land valueHeadroomProfit at likely ask
TerracesLow and Mid-Rise · FSR 0.7:1 · 31 m 621,000 m² A$14.0mA$5.0mA$4.5m-A$500k A$1.7m16% on cost · 12% on revenue
Cost stack
  • Construction 1,000 m² at A$4,300/m²A$4.0m
  • Basement parkingA$200k
  • DemolitionA$45k
  • Consultants, DA and certification (9%)A$375k
  • Contributions (A$28,000 per new home)A$140k
  • Contingency (5%)A$230k
  • Then selling costs 3%, GST on the margin, finance 7.5%, stamp duty 5.5% and a 20% developer margin solve for the land. Buying at the likely ask of A$5.0m instead leaves A$1.7m pre-tax on a total development cost of A$11.0m.
TownhousesLow and Mid-Rise · FSR 0.7:1 · 31 m 621,000 m² A$13.0mA$4.8mA$4.0m-A$1.0m A$1.1m10% on cost · 9% on revenue
Cost stack
  • Construction 1,000 m² at A$4,100/m²A$4.0m
  • DemolitionA$45k
  • Consultants, DA and certification (9%)A$350k
  • Contributions (A$28,000 per new home)A$140k
  • Contingency (5%)A$210k
  • Then selling costs 3%, GST on the margin, finance 7.5%, stamp duty 5.5% and a 20% developer margin solve for the land. Buying at the likely ask of A$5.0m instead leaves A$1.1m pre-tax on a total development cost of A$11.0m.
Dual occupancyLow and Mid-Rise · FSR 0.65:1 · 31 m 22500 m² A$7.0mA$2.3mA$2.4m-A$2.6m -A$1.5m-19% on cost · -22% on revenue
Cost stack
  • Construction 500 m² at A$3,700/m²A$1.9m
  • DemolitionA$45k
  • Consultants, DA and certification (9%)A$170k
  • Contributions (A$28,000 per new home)A$28k
  • Contingency (5%)A$100k
  • Then selling costs 3%, GST on the margin, finance 7.5%, stamp duty 5.5% and a 20% developer margin solve for the land. Buying at the likely ask of A$5.0m instead leaves -A$1.5m pre-tax on a total development cost of A$8.0m.
Apartments, up to 9 storeysLow and Mid-Rise (400 to 800 m) · FSR 1.5:1 · 31 m 2092,000 m² A$23.0mA$14.0mA$1.8m-A$3.2m -A$48k0% on cost · 0% on revenue
Cost stack
  • Construction 2,000 m² at A$5,500/m²A$11.0m
  • Basement parkingA$700k
  • DemolitionA$45k
  • Consultants, DA and certification (9%)A$1.1m
  • Contributions (A$28,000 per new home)A$550k
  • Contingency (5%)A$650k
  • Then selling costs 3%, GST on the margin, finance 7.5%, stamp duty 5.5% and a 20% developer margin solve for the land. Buying at the likely ask of A$5.0m instead leaves -A$48k pre-tax on a total development cost of A$21.0m.
Apartments, up to 12 storeys + affordable housing bonusLow and Mid-Rise + Chapter 2 bonus (15% affordable) · FSR 1.95:1 · 40.3 m 25122,500 m² A$30.0mA$19.0mA$1.2m-A$3.8m A$750k3% on cost · 2% on revenue
Cost stack
  • Construction 2,500 m² at A$5,500/m²A$15.0m
  • Basement parkingA$900k
  • DemolitionA$45k
  • Consultants, DA and certification (9%)A$1.4m
  • Contributions (A$28,000 per new home)A$750k
  • Contingency (5%)A$850k
  • Then selling costs 3%, GST on the margin, finance 7.5%, stamp duty 5.5% and a 20% developer margin solve for the land. Buying at the likely ask of A$5.0m instead leaves A$750k pre-tax on a total development cost of A$25.0m. Includes 15% affordable housing at 65% of market.

Site facts

Site area
About 1,250 m² (20 m by 80 m)
Street frontage
About 60 m (measured against the road corridor)
Zone
R4 High Density Residential · Canada Bay Local Environmental Plan 2013
LEP controls
FSR not mapped · height 31 m · minimum lot 450 m²
Nearest nominated centre
About 750 m to Homebush station (straight line) · 400 to 800 m from a nominated centre
Land value
About A$4,250,000 at 1 July 2025, NSW Valuer General · from A$4,750,000 at 1 July 2021 (-10%)

Neighbours

4 adjoining houses share a boundary with this site. Members see them.

Amalgamation options

#10 · amalgamation 3 houses → 10 homes

Address locked, Strathfield

Residual land valueA$10.0m
Likely askA$8.0m
HeadroomA$2.0m

2,500 m² · Terraces · R4 · address locked