#11 · amalgamation
2 houses → 70 homes
Address locked, Rose Bay
Residual land valueA$50.0m
Likely askA$42.5m
HeadroomA$7.5m
Development › Rose Bay › Site #55
1 house today → about 20 homes as apartments, up to 4 storeys. About 1,100 m², 25 m frontage, zone E1.
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 4 storeys (LEP controls)Local Environmental Plan · FSR 2:1 · 14.1 m | 20 | 4 | 2,250 m² | A$42.5m | A$14.0m | A$16.0m | A$3.0m | A$9.0m29% on cost · 21% on revenue |
Cost stack
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| Shop-top housing, up to 6 storeysLow and Mid-Rise (within 400 m) · FSR 2.2:1 · 24 m | 15 | 6 | 2,250 m² | A$40.0m | A$16.0m | A$11.0m | -A$2.0m | A$4.5m14% on cost · 11% on revenue |
Cost stack
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3 adjoining houses share a boundary with this site. Members see them.