Address locked, Randwick

1 house today → about 55 homes as apartments, up to 7 storeys. About 1,500 m², 100 m frontage, zone E1.

Residual land valueA$17.0m

Likely ask (1 house)A$6.5mFrom the 1 July 2025 land value x 1.15

HeadroomA$10.5m

Claimed

Claimed until 3 Feb 2027

Another member holds a claim on this site or a holding it is part of. It cannot be claimed again until then.

Pro members see the exact figures and the neighbours for this site. Go Pro for every site, or claim a single site from its page.

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	55	7	5,000 m²	A$80.0m	A$37.5m	A$17.0m	A$10.5m	A$23.0m49% on cost · 29% on revenue
Cost stack Construction 5,000 m² at A$5,500/m²A$30.0m Basement parkingA$1.9m DemolitionA$45k Consultants, DA and certification (9%)A$2.8m Contributions (A$28,000 per new home)A$1.5m Contingency (5%)A$1.7m 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$6.5m instead leaves A$23.0m pre-tax on a total development cost of A$47.5m.

Site area: About 1,500 m² (35 m by 50 m)
Street frontage: About 100 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 900 m to Randwick town centre and light rail station (straight line) · Beyond 800 m of a nominated centre
Land value: About A$5,500,000 at 1 July 2025, NSW Valuer General · from A$4,500,000 at 1 July 2021 (+20%)
Notes: Beyond 800 m of a nominated centre.

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

#1 · amalgamation Claimed 3 houses → 130 homes

Residual land valueA$37.5m

Likely askA$16.0m

HeadroomA$21.5m

3,500 m² · Apartments, up to 7 storeys · E1 · address locked