Not viable as a standalone site

Address locked, Artarmon

1 house today → 4 homes as manor house (4 flats). About 600 m², 18 m frontage, zone R2.

Residual land valueA$1.4m

Likely ask (1 house)A$2.2mFrom the 1 July 2025 land value x 1.15

Headroom-A$800k

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Every option the rules allow

Option	Homes	Storeys	GFA	Realisation	Costs	Residual land value	Headroom	Profit at likely ask
Manor house (4 flats)Low and Mid-Rise · FSR 0.8:1 · 9.5 m	4	2	450 m²	A$5.5m	A$2.5m	A$1.4m	-A$800k	-A$150k-3% on cost · -3% on revenue
Cost stack Construction 450 m² at A$4,400/m²A$1.9m Basement parkingA$140k DemolitionA$45k Consultants, DA and certification (9%)A$190k Contributions (A$28,000 per new home)A$85k Contingency (5%)A$110k 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$2.2m instead leaves -A$150k pre-tax on a total development cost of A$5.0m.
Dual occupancyHousing SEPP (R2 state-wide) · FSR 0.65:1 · 9.5 m	2	2	350 m²	A$4.3m	A$1.6m	A$1.4m	-A$800k	-A$275k-7% on cost · -7% on revenue
Cost stack Construction 350 m² at A$3,700/m²A$1.3m DemolitionA$45k Consultants, DA and certification (9%)A$120k Contributions (A$28,000 per new home)A$28k Contingency (5%)A$75k 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$2.2m instead leaves -A$275k pre-tax on a total development cost of A$4.3m.

Site area: About 600 m² (18 m by 35 m)
Street frontage: About 18 m (measured against the road corridor)
Zone: R2 Low Density Residential · Willoughby Local Environmental Plan 2012
LEP controls: FSR 0.40000001:1 · height 8 m · minimum lot 550 m²
Nearest nominated centre: About 750 m to Chatswood station and town centre (straight line) · 400 to 800 m from a nominated centre
Heritage: Conservation area: South Chatswood
Land value: About A$1,900,000 at 1 July 2025, NSW Valuer General · from A$1,600,000 at 1 July 2021 (+20%)
Notes: Heritage conservation area.

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

#5 · amalgamation 2 houses → 7 homes

Residual land valueA$4.5m

Likely askA$4.5m

HeadroomA$40k

1,500 m² · Terraces · R2 · address locked

Heritage conservation area