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Development › Edgecliff › Site #2

Standalone site

Address locked, Edgecliff

1 house today → about 50 homes as apartments, up to 8 storeys + bonus. About 1,750 m², 30 m frontage, zone R3.

Residual land valueA$25.0m
Likely ask (1 house)A$19.0mFrom the 1 July 2025 land value x 1.15
HeadroomA$6.0m
Claimed

Claimed until 3 Feb 2027

Another member holds a claim on this site or a holding it is part of. It cannot be claimed again until then.

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Every option the rules allow

OptionHomesStoreysGFARealisationCostsResidual land valueHeadroomProfit 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 5085,000 m² A$85.0mA$32.5mA$25.0mA$6.0m A$20.0m35% on cost · 23% on revenue
Cost stack
  • Construction 5,000 m² at A$5,500/m²A$27.5m
  • Basement parkingA$1.7m
  • DemolitionA$45k
  • Consultants, DA and certification (9%)A$2.5m
  • Contributions (A$28,000 per new home)A$1.3m
  • Contingency (5%)A$1.5m
  • 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$19.0m instead leaves A$20.0m pre-tax on a total development cost of A$55.0m. Includes 15% affordable housing at 65% of market.
Apartments, up to 6 storeysLow and Mid-Rise (within 400 m) · FSR 2.2:1 · 22 m 3563,500 m² A$70.0mA$25.0mA$22.0mA$3.0m A$15.0m31% on cost · 21% on revenue
Cost stack
  • Construction 3,500 m² at A$5,500/m²A$20.0m
  • Basement parkingA$1.3m
  • DemolitionA$45k
  • Consultants, DA and certification (9%)A$1.9m
  • Contributions (A$28,000 per new home)A$1.0m
  • Contingency (5%)A$1.2m
  • 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$19.0m instead leaves A$15.0m pre-tax on a total development cost of A$47.5m.
TownhousesLow and Mid-Rise · FSR 0.7:1 · 10.5 m 721,200 m² A$23.0mA$5.5mA$10.0m-A$9.0m -A$5.5m-20% on cost · -24% on revenue
Cost stack
  • Construction 1,200 m² at A$4,100/m²A$4.8m
  • DemolitionA$45k
  • Consultants, DA and certification (9%)A$425k
  • Contributions (A$28,000 per new home)A$170k
  • Contingency (5%)A$250k
  • 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$19.0m instead leaves -A$5.5m pre-tax on a total development cost of A$27.5m.
TerracesLow and Mid-Rise · FSR 0.7:1 · 10.5 m 52800 m² A$18.0mA$4.3mA$8.0m-A$11.0m -A$8.5m-33% on cost · -48% on revenue
Cost stack
  • Construction 800 m² at A$4,300/m²A$3.5m
  • Basement parkingA$170k
  • DemolitionA$45k
  • Consultants, DA and certification (9%)A$325k
  • Contributions (A$28,000 per new home)A$110k
  • Contingency (5%)A$200k
  • 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$19.0m instead leaves -A$8.5m pre-tax on a total development cost of A$25.0m.
Dual occupancyLow and Mid-Rise · FSR 0.65:1 · 10.5 m 22500 m² A$10.0mA$2.3mA$5.0m-A$14.0m -A$14.0m-60% on cost · -143% 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$19.0m instead leaves -A$14.0m pre-tax on a total development cost of A$24.0m.

Site facts

Site area
About 1,750 m² (45 m by 50 m)
Street frontage
About 30 m (measured against the road corridor)
Zone
R3 Medium Density Residential · Woollahra Local Environmental Plan 2014
LEP controls
FSR 0.65:1 · height 10.5 m · minimum lot 700 m²
Nearest nominated centre
About 300 m to Edgecliff station and town centre (straight line) · Within 400 m of a nominated centre
Heritage
Conservation area: Woollahra
Land value
About A$16,000,000 at 1 July 2025, NSW Valuer General · from A$11,000,000 at 1 July 2021 (+45%)
Notes
Heritage conservation area.

Neighbours

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

Amalgamation options

#1 · amalgamation Claimed 3 houses → 90 homes

Address locked, Edgecliff

Residual land valueA$47.5m
Likely askA$35.0m
HeadroomA$12.5m

3,000 m² · Apartments, up to 8 storeys + bonus · R3 · address locked

Heritage conservation area