Address locked, Crows Nest

1 house today → about 80 homes as apartments, up to 40 storeys. About 700 m², 20 m frontage, zone MU1.

Residual land valueA$32.5m

Likely ask (1 house)A$5.0mSuburb median formula (no land value on file)

HeadroomA$27.5m

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 40 storeys (LEP controls)Local Environmental Plan · FSR 12:1 · 135 m	80	40	8,000 m²	A$130m	A$55.0m	A$32.5m	A$27.5m	A$50.0m77% on cost · 38% on revenue
Cost stack Construction 8,000 m² at A$5,500/m²A$42.5m Basement parkingA$2.8m DemolitionA$45k Consultants, DA and certification (9%)A$4.3m Contributions (A$28,000 per new home)A$2.2m Contingency (5%)A$2.5m 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$5.0m instead leaves A$50.0m pre-tax on a total development cost of A$65.0m.
Shop-top housing, up to 40 storeysLow and Mid-Rise (within 400 m) · FSR 12:1 · 135 m	75	40	8,000 m²	A$120m	A$55.0m	A$30.0m	A$25.0m	A$40.0m64% on cost · 34% on revenue
Cost stack Construction 8,000 m² at A$5,600/m²A$45.0m Basement parkingA$2.5m DemolitionA$45k Consultants, DA and certification (9%)A$4.3m Contributions (A$28,000 per new home)A$2.1m Contingency (5%)A$2.5m 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$5.0m instead leaves A$40.0m pre-tax on a total development cost of A$65.0m.

Site area: About 700 m² (20 m by 30 m)
Street frontage: About 20 m (measured against the road corridor)
Zone: MU1 Mixed Use · North Sydney Local Environmental Plan 2013
LEP controls: FSR 12:1 · height 135 m · minimum lot not mapped
Nearest nominated centre: About 350 m to Crows Nest station (straight line) · Within 400 m of a nominated centre
Notes: DA on record.
Latest DA: A development application is on record for this site. The member who claims it sees the application.

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

#1 · amalgamation Claimed 3 houses → 150 homes

Residual land valueA$60.0m

Likely askA$16.0m

HeadroomA$44.0m

1,200 m² · Apartments, up to 40 storeys · MU1 · address locked

DA on a house (Determined)