Address locked, Double Bay

1 house today → about 85 homes as apartments, up to 5 storeys. About 3,500 m², 250 m frontage, zone E1.

Residual land valueA$60.0m

Likely ask (1 house)A$32.5mFrom the 1 July 2025 land value x 1.15

HeadroomA$27.5m

Claimed

Claimed until 4 Feb 2027

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

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Option	Homes	Storeys	GFA	Realisation	Costs	Residual land value	Headroom	Profit at likely ask
Apartments, up to 5 storeys (LEP controls)Local Environmental Plan · FSR 2.5:1 · 18.1 m	85	5	8,000 m²	A$170m	A$60.0m	A$60.0m	A$27.5m	A$50.0m50% on cost · 30% on revenue
Cost stack Construction 8,000 m² at A$5,500/m²A$45.0m Basement parkingA$2.8m DemolitionA$45k Consultants, DA and certification (9%)A$4.3m Contributions (A$28,000 per new home)A$2.3m Contingency (5%)A$2.8m 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$32.5m instead leaves A$50.0m pre-tax on a total development cost of A$100m.
Shop-top housing, up to 6 storeysLow and Mid-Rise (within 400 m) · FSR 2.5:1 · 24 m	65	6	8,000 m²	A$150m	A$55.0m	A$45.0m	A$12.5m	A$40.0m40% on cost · 26% on revenue
Cost stack Construction 8,000 m² at A$5,600/m²A$45.0m Basement parkingA$2.2m DemolitionA$45k Consultants, DA and certification (9%)A$4.3m Contributions (A$28,000 per new home)A$1.8m Contingency (5%)A$2.8m 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$32.5m instead leaves A$40.0m pre-tax on a total development cost of A$95.0m.

Site area: About 3,500 m² (40 m by 110 m)
Street frontage: About 250 m (measured against the road corridor)
Zone: E1 Local Centre · Woollahra Local Environmental Plan 2014
LEP controls: FSR 2.5:1 · height 18.1 m · minimum lot not mapped
Nearest nominated centre: About 50 m to Double Bay town centre (straight line) · Within 400 m of a nominated centre
Land value: About A$27,500,000 at 1 July 2025, NSW Valuer General · from A$17,000,000 at 1 July 2021 (+60%)
Notes: DA on record.
Latest DA: A development application is on record for this site. The member who claims it sees the application.