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Development › Sylvania › Site

Not viable as a standalone site

Address locked, Sylvania

1 house today → 2 homes as dual occupancy. About 500 m², 18 m frontage, zone R2.

Residual land valueA$600k
Likely ask (1 house)A$1.2mFrom the 1 July 2025 land value x 1.15
Headroom-A$600k
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Every option the rules allow

OptionHomesStoreysGFARealisationCostsResidual land valueHeadroomProfit at likely ask
Dual occupancyHousing SEPP (R2 state-wide) · FSR 0.65:1 · 9.5 m 22350 m² A$3.3mA$1.6mA$600k-A$600k -A$120k-4% on cost · -4% on revenue
Cost stack
  • Construction 350 m² at A$3,700/m²A$1.3m
  • DemolitionA$45k
  • Consultants, DA and certification (9%)A$120k
  • Contributions (A$28,000 per new home)A$28k
  • Contingency (5%)A$70k
  • 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$1.2m instead leaves -A$120k pre-tax on a total development cost of A$3.0m.
Manor house (4 flats)Low and Mid-Rise · FSR 0.8:1 · 9.5 m 42450 m² A$4.5mA$2.5mA$550k-A$650k A$17k0% on cost · 0% on revenue
Cost stack
  • Construction 450 m² at A$4,400/m²A$1.9m
  • Basement parkingA$140k
  • DemolitionA$45k
  • Consultants, DA and certification (9%)A$180k
  • Contributions (A$28,000 per new home)A$85k
  • Contingency (5%)A$110k
  • 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$1.2m instead leaves A$17k pre-tax on a total development cost of A$4.0m.

Site facts

Site area
About 500 m² (18 m by 30 m)
Street frontage
About 18 m (measured against the road corridor)
Zone
R2 Low Density Residential · Sutherland Shire Local Environmental Plan 2015
LEP controls
FSR 0.55:1 · height 8.5 m · minimum lot 550 m²
Nearest nominated centre
About 750 m to Southgate shopping centre (straight line) · 400 to 800 m from a nominated centre
Land value
About A$1,000,000 at 1 July 2025, NSW Valuer General · from A$900,000 at 1 July 2021 (+10%)

Neighbours

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

Amalgamation options

#3 · amalgamation 3 houses → 10 homes

Address locked, Sylvania

Residual land valueA$3.8m
Likely askA$3.8m
HeadroomA$23k

2,500 m² · Terraces · R2 · address locked

DA on a house (Determined)