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Development › Chatswood › Site #11

Standalone site

Address locked, Chatswood

1 house today → about 65 homes as apartments, up to 12 storeys. About 1,750 m², 60 m frontage, zone MU1.

Residual land valueA$17.0m
Likely ask (1 house)A$6.0mSuburb median formula (no land value on file)
HeadroomA$11.0m
Claim this site

A$387 inc GST · 3 months

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.

This site is A$387 because its best option clears a 40% margin on cost at the likely ask. Other sites are A$182. One claim credit claims any site.

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Every option the rules allow

OptionHomesStoreysGFARealisationCostsResidual land valueHeadroomProfit at likely ask
Apartments, up to 12 storeys (LEP controls)Local Environmental Plan · FSR 3.70000005:1 · 41 m 65127,000 m² A$90.0mA$45.0mA$17.0mA$11.0m A$24.0m44% on cost · 27% on revenue
Cost stack
  • Construction 7,000 m² at A$5,500/m²A$35.0m
  • Basement parkingA$2.3m
  • DemolitionA$45k
  • Consultants, DA and certification (9%)A$3.5m
  • Contributions (A$28,000 per new home)A$1.8m
  • Contingency (5%)A$2.1m
  • 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$6.0m instead leaves A$24.0m pre-tax on a total development cost of A$55.0m.
Shop-top housing, up to 12 storeysLow and Mid-Rise (within 400 m) · FSR 3.70000005:1 · 41 m 55127,000 m² A$85.0mA$45.0mA$13.0mA$7.0m A$20.0m36% on cost · 24% on revenue
Cost stack
  • Construction 7,000 m² at A$5,600/m²A$37.5m
  • Basement parkingA$1.9m
  • DemolitionA$45k
  • Consultants, DA and certification (9%)A$3.5m
  • Contributions (A$28,000 per new home)A$1.5m
  • Contingency (5%)A$2.1m
  • 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$6.0m instead leaves A$20.0m pre-tax on a total development cost of A$55.0m.

Site facts

Site area
About 1,750 m² (30 m by 60 m)
Street frontage
About 60 m (measured against the road corridor)
Zone
MU1 Mixed Use · Willoughby Local Environmental Plan 2012
LEP controls
FSR 3.70000005:1 · height 41 m · minimum lot not mapped
Nearest nominated centre
About 150 m to Chatswood station and town centre (straight line) · Within 400 m of a nominated centre