Not viable as a standalone site

Address locked, Double Bay

1 house today → 2 homes as dual occupancy. About 450 m², 18 m frontage, zone R3.

Residual land valueA$5.5m

Likely ask (1 house)A$6.0mFrom the 1 July 2025 land value x 1.15

Headroom-A$500k

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.

Every option the rules allow

Option	Homes	Storeys	GFA	Realisation	Costs	Residual land value	Headroom	Profit at likely ask
Dual occupancyLow and Mid-Rise · FSR 1:1 · 10.5 m	2	2	450 m²	A$11.0m	A$2.0m	A$5.5m	-A$500k	A$1.3m14% on cost · 11% on revenue
Cost stack Construction 450 m² at A$3,700/m²A$1.7m DemolitionA$45k Consultants, DA and certification (9%)A$150k Contributions (A$28,000 per new home)A$28k Contingency (5%)A$95k 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$6.0m instead leaves A$1.3m pre-tax on a total development cost of A$9.0m.

Site area: About 450 m² (18 m by 30 m)
Street frontage: About 18 m (measured against the road corridor)
Zone: R3 Medium Density Residential · Woollahra Local Environmental Plan 2014
LEP controls: FSR 1:1 · height 10.5 m · minimum lot 700 m²
Nearest nominated centre: About 50 m to Double Bay town centre (straight line) · Within 400 m of a nominated centre
Land value: About A$5,000,000 at 1 July 2025, NSW Valuer General · from A$3,750,000 at 1 July 2021 (+35%)

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

#1 · amalgamation Claimed 3 houses → 65 homes

Residual land valueA$40.0m

Likely askA$19.0m

HeadroomA$21.0m

2,250 m² · Apartments, up to 8 storeys + bonus · R3 · address locked