#2 · amalgamation
3 houses → 55 homes
Address locked, Marrickville
Residual land valueA$7.0m
Likely askA$6.0m
HeadroomA$1.0m
Transport Oriented Development area
Development › Marrickville › Site #38
1 house today → about 20 homes as apartments, up to 8 storeys (tod) + bonus. About 500 m², 18 m frontage, zone R2.
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 8 storeys (TOD) + affordable housing bonusTransport Oriented Development + Chapter 2 bonus · FSR 3.25:1 · 28.6 m | 20 | 8 | 1,750 m² | A$21.0m | A$12.0m | A$2.2m | A$100k | A$3.3m22% on cost · 16% on revenue |
Cost stack
| ||||||||
| Apartments, up to 6 storeys (TOD)Transport Oriented Development · FSR 2.5:1 · 22 m | 15 | 6 | 1,250 m² | A$17.0m | A$9.5m | A$2.1m | -A$23k | A$2.5m20% on cost · 15% on revenue |
Cost stack
| ||||||||
| Dual occupancyHousing SEPP (R2 state-wide) · FSR 0.65:1 · 9.5 m | 2 | 2 | 350 m² | A$3.0m | A$1.6m | A$425k | -A$1.7m | -A$1.3m-31% on cost · -42% on revenue |
Cost stack
| ||||||||
4 adjoining houses share a boundary with this site. Members see them.
Transport Oriented Development area