Standalone site

Address locked, Kingsford

1 house today → about 15 homes as apartments, up to 7 storeys. About 500 m², 80 m frontage, zone E2.

Residual land valueA$3.0m

Likely ask (1 house)A$2.4mFrom the 1 July 2025 land value x 1.15

HeadroomA$600k

Claim this site

A$182 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.

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 7 storeys (LEP controls)Local Environmental Plan · FSR 3:1 · 24 m	15	7	1,500 m²	A$20.0m	A$11.0m	A$3.0m	A$600k	A$3.3m22% on cost · 16% on revenue
Cost stack Construction 1,500 m² at A$5,500/m²A$8.5m Basement parkingA$500k DemolitionA$45k Consultants, DA and certification (9%)A$800k Contributions (A$28,000 per new home)A$400k 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$2.4m instead leaves A$3.3m pre-tax on a total development cost of A$15.0m.
Shop-top housing, up to 6 storeysLow and Mid-Rise (within 400 m) · FSR 3:1 · 24 m	10	6	1,500 m²	A$19.0m	A$11.0m	A$2.1m	-A$300k	A$2.4m16% on cost · 12% on revenue
Cost stack Construction 1,500 m² at A$5,600/m²A$8.5m Basement parkingA$400k DemolitionA$45k Consultants, DA and certification (9%)A$800k Contributions (A$28,000 per new home)A$300k 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$2.4m instead leaves A$2.4m pre-tax on a total development cost of A$15.0m.

Site area: About 500 m² (20 m by 50 m)
Street frontage: About 80 m (measured against the road corridor)
Zone: E2 Commercial Centre · Randwick Local Environmental Plan 2012
LEP controls: FSR 3:1 · height 24 m · minimum lot not mapped
Nearest nominated centre: About 100 m to Kingsford Juniors light rail station (straight line) · Within 400 m of a nominated centre
Land value: About A$2,100,000 at 1 July 2025, NSW Valuer General · from A$1,600,000 at 1 July 2021 (+30%)
Notes: DA on record.
Latest DA: A development application is on record for this site. The member who claims it sees the application.