#3 · amalgamation
2 houses → 20 homes
Address locked, Artarmon
Residual land valueA$5.0m
Likely askA$4.8m
HeadroomA$250k
Development › Artarmon › Site #3
1 house today → about 10 homes as apartments, up to 4 storeys. About 800 m², 50 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.
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 |
|---|---|---|---|---|---|---|---|---|
| Apartments, up to 4 storeysLow and Mid-Rise (400 to 800 m) · FSR 1.5:1 · 17.5 m | 10 | 4 | 1,250 m² | A$17.0m | A$8.0m | A$3.5m | A$500k | A$3.3m27% on cost · 19% on revenue |
Cost stack
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| TerracesLow and Mid-Rise · FSR 0.7:1 · 9.5 m | 4 | 2 | 600 m² | A$8.5m | A$3.3m | A$2.5m | -A$500k | A$850k12% on cost · 10% on revenue |
Cost stack
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| Apartments, up to 6 storeys + affordable housing bonusLow and Mid-Rise + Chapter 2 bonus (15% affordable) · FSR 1.95:1 · 22.8 m | 15 | 6 | 1,750 m² | A$20.0m | A$11.0m | A$2.5m | -A$500k | A$2.8m17% on cost · 13% on revenue |
Cost stack
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| Dual occupancyLow and Mid-Rise · FSR 0.69999999:1 · 9.5 m | 2 | 2 | 500 m² | A$6.0m | A$2.3m | A$2.0m | -A$1.0m | -A$325k-6% on cost · -5% on revenue |
Cost stack
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| TownhousesLow and Mid-Rise · FSR 0.7:1 · 9.5 m | 3 | 2 | 500 m² | A$6.0m | A$2.4m | A$1.5m | -A$1.5m | -A$425k-7% on cost · -7% on revenue |
Cost stack
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3 adjoining houses share a boundary with this site. Members see them.