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Development › Double Bay › Site #2

Standalone site

Address locked, Double Bay

1 house today → about 50 homes as apartments, up to 8 storeys + bonus. About 1,750 m², 35 m frontage, zone R3.

Residual land valueA$32.5m
Likely ask (1 house)A$18.0mFrom the 1 July 2025 land value x 1.15
HeadroomA$14.5m
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.

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Every option the rules allow

OptionHomesStoreysGFARealisationCostsResidual land valueHeadroomProfit at likely ask
Apartments, up to 8 storeys + affordable housing bonusLow and Mid-Rise + Chapter 2 bonus (15% affordable) · FSR 2.86:1 · 28.6 m 5085,000 m² A$100mA$35.0mA$32.5mA$14.5m A$32.5m54% on cost · 32% on revenue
Cost stack
  • Construction 5,000 m² at A$5,500/m²A$27.5m
  • Basement parkingA$1.7m
  • DemolitionA$45k
  • Consultants, DA and certification (9%)A$2.5m
  • Contributions (A$28,000 per new home)A$1.4m
  • Contingency (5%)A$1.6m
  • 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$18.0m instead leaves A$32.5m pre-tax on a total development cost of A$60.0m. Includes 15% affordable housing at 65% of market.
Apartments, up to 6 storeysLow and Mid-Rise (within 400 m) · FSR 2.2:1 · 22 m 4064,000 m² A$80.0mA$27.5mA$27.5mA$9.5m A$22.0m44% on cost · 27% on revenue
Cost stack
  • Construction 4,000 m² at A$5,500/m²A$21.0m
  • Basement parkingA$1.3m
  • DemolitionA$45k
  • Consultants, DA and certification (9%)A$2.0m
  • Contributions (A$28,000 per new home)A$1.0m
  • Contingency (5%)A$1.2m
  • 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$18.0m instead leaves A$22.0m pre-tax on a total development cost of A$50.0m.
TownhousesLow and Mid-Rise · FSR 0.75:1 · 10.5 m 821,250 m² A$30.0mA$6.5mA$14.0m-A$4.0m A$600k2% on cost · 2% on revenue
Cost stack
  • Construction 1,250 m² at A$4,100/m²A$5.5m
  • DemolitionA$45k
  • Consultants, DA and certification (9%)A$475k
  • Contributions (A$28,000 per new home)A$200k
  • Contingency (5%)A$300k
  • 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$18.0m instead leaves A$600k pre-tax on a total development cost of A$27.5m.
TerracesLow and Mid-Rise · FSR 0.75:1 · 10.5 m 621,000 m² A$24.0mA$5.0mA$12.0m-A$6.0m -A$3.0m-12% on cost · -13% on revenue
Cost stack
  • Construction 1,000 m² at A$4,300/m²A$4.3m
  • Basement parkingA$200k
  • DemolitionA$45k
  • Consultants, DA and certification (9%)A$400k
  • Contributions (A$28,000 per new home)A$140k
  • Contingency (5%)A$240k
  • 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$18.0m instead leaves -A$3.0m pre-tax on a total development cost of A$25.0m.
Dual occupancyLow and Mid-Rise · FSR 0.75:1 · 10.5 m 22500 m² A$12.0mA$2.3mA$6.0m-A$12.0m -A$11.0m-49% on cost · -94% on revenue
Cost stack
  • Construction 500 m² at A$3,700/m²A$1.9m
  • DemolitionA$45k
  • Consultants, DA and certification (9%)A$170k
  • Contributions (A$28,000 per new home)A$28k
  • Contingency (5%)A$100k
  • 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$18.0m instead leaves -A$11.0m pre-tax on a total development cost of A$23.0m.

Site facts

Site area
About 1,750 m² (35 m by 50 m)
Street frontage
About 35 m (measured against the road corridor)
Zone
R3 Medium Density Residential · Woollahra Local Environmental Plan 2014
LEP controls
FSR 0.75:1 · height 10.5 m · minimum lot 700 m²
Nearest nominated centre
About 150 m to Double Bay town centre (straight line) · Within 400 m of a nominated centre
Land value
About A$16,000,000 at 1 July 2025, NSW Valuer General · from A$9,000,000 at 1 July 2021 (+80%)

Neighbours

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