Standalone site

Address locked, Randwick

1 house today → about 70 homes as apartments, up to 7 storeys. About 2,000 m², 175 m frontage, zone E1.

Residual land valueA$21.0m

Likely ask (1 house)A$9.0mFrom the 1 July 2025 land value x 1.15

HeadroomA$12.0m

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.

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 3.6:1 · 24 m	70	7	7,000 m²	A$100m	A$47.5m	A$21.0m	A$12.0m	A$27.5m45% on cost · 27% on revenue
Cost stack Construction 7,000 m² at A$5,500/m²A$37.5m Basement parkingA$2.3m DemolitionA$45k Consultants, DA and certification (9%)A$3.5m Contributions (A$28,000 per new home)A$1.9m Contingency (5%)A$2.2m 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$9.0m instead leaves A$27.5m pre-tax on a total development cost of A$60.0m.
Shop-top housing, up to 7 storeysLow and Mid-Rise (400 to 800 m) · FSR 3.6:1 · 24 m	60	7	7,000 m²	A$95.0m	A$47.5m	A$16.0m	A$7.0m	A$23.0m38% on cost · 24% on revenue
Cost stack Construction 7,000 m² at A$5,600/m²A$37.5m Basement parkingA$2.0m DemolitionA$45k Consultants, DA and certification (9%)A$3.5m Contributions (A$28,000 per new home)A$1.6m Contingency (5%)A$2.2m 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$9.0m instead leaves A$23.0m pre-tax on a total development cost of A$60.0m.

Site area: About 2,000 m² (35 m by 80 m)
Street frontage: About 175 m (measured against the road corridor)
Zone: E1 Local Centre · Randwick Local Environmental Plan 2012
LEP controls: FSR 3.6:1 · height 24 m · minimum lot not mapped
Nearest nominated centre: About 650 m to Randwick town centre and light rail station (straight line) · 400 to 800 m from a nominated centre
Land value: About A$8,000,000 at 1 July 2025, NSW Valuer General · from A$6,000,000 at 1 July 2021 (+35%)
Notes: Holding of 5 parcels.