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Not viable as a standalone site

Address locked, Artarmon

1 house today → about 10 homes as apartments, up to 10 storeys. About 600 m², 12 m frontage, zone R4.

Residual land valueA$2.5m
Likely ask (1 house)A$3.8mFrom the 1 July 2025 land value x 1.15
Headroom-A$1.3m
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Every option the rules allow

OptionHomesStoreysGFARealisationCostsResidual land valueHeadroomProfit at likely ask
Apartments, up to 10 storeysLow and Mid-Rise (within 400 m) · FSR 2.2:1 · 36 m 10101,200 m² A$16.0mA$8.5mA$2.5m-A$1.3m A$1.0m8% on cost · 6% on revenue
Cost stack
  • Construction 1,200 m² at A$5,500/m²A$6.5m
  • Basement parkingA$400k
  • DemolitionA$45k
  • Consultants, DA and certification (9%)A$650k
  • Contributions (A$28,000 per new home)A$300k
  • Contingency (5%)A$400k
  • 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$3.8m instead leaves A$1.0m pre-tax on a total development cost of A$13.0m.
Apartments, up to 14 storeys + affordable housing bonusLow and Mid-Rise + Chapter 2 bonus (15% affordable) · FSR 2.86:1 · 46.8 m 15141,500 m² A$20.0mA$11.0mA$2.4m-A$1.4m A$1.8m11% on cost · 9% on revenue
Cost stack
  • Construction 1,500 m² at A$5,500/m²A$8.5m
  • Basement parkingA$550k
  • DemolitionA$45k
  • Consultants, DA and certification (9%)A$850k
  • Contributions (A$28,000 per new home)A$425k
  • Contingency (5%)A$500k
  • 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$3.8m instead leaves A$1.8m pre-tax on a total development cost of A$16.0m. Includes 15% affordable housing at 65% of market.
Dual occupancyLow and Mid-Rise · FSR 2:1 · 36 m 22500 m² A$6.0mA$2.3mA$2.0m-A$1.8m -A$1.1m-17% on cost · -19% 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$3.8m instead leaves -A$1.1m pre-tax on a total development cost of A$6.5m.

Site facts

Site area
About 600 m² (12 m by 45 m)
Street frontage
About 12 m (measured against the road corridor)
Zone
R4 High Density Residential · Willoughby Local Environmental Plan 2012
LEP controls
FSR 2:1 · height 36 m · minimum lot not mapped
Nearest nominated centre
About 250 m to Artarmon station (straight line) · Within 400 m of a nominated centre
Land value
About A$3,250,000 at 1 July 2025, NSW Valuer General · from A$2,750,000 at 1 July 2021 (+20%)

Neighbours

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

Amalgamation options

#1 · amalgamation 3 houses → 35 homes

Address locked, Artarmon

Residual land valueA$21.0m
Likely askA$20.0m
HeadroomA$1.0m

3,000 m² · Townhouses · R4 · address locked

DA on a house (Determined)