Standalone site

Address locked, Artarmon

1 house today → about 35 homes as apartments, up to 6 storeys. About 1,500 m², 40 m frontage, zone R3.

Residual land valueA$6.5m

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

HeadroomA$1.5m

Claim this site

A$182 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.

Sites whose best option clears a 40% margin on cost at the likely ask are A$387. One claim credit claims any site.

Every option the rules allow

Option	Homes	Storeys	GFA	Realisation	Costs	Residual land value	Headroom	Profit at likely ask
Apartments, up to 6 storeysLow and Mid-Rise (within 400 m) · FSR 2.2:1 · 22 m	35	6	3,500 m²	A$42.5m	A$23.0m	A$6.5m	A$1.5m	A$7.5m24% on cost · 17% on revenue
Cost stack Construction 3,500 m² at A$5,500/m²A$18.0m Basement parkingA$1.1m DemolitionA$45k Consultants, DA and certification (9%)A$1.7m Contributions (A$28,000 per new home)A$900k Contingency (5%)A$1.0m 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$7.5m pre-tax on a total development cost of A$30.0m.
Apartments, up to 8 storeys + affordable housing bonusLow and Mid-Rise + Chapter 2 bonus (15% affordable) · FSR 2.86:1 · 28.6 m	45	8	4,500 m²	A$55.0m	A$30.0m	A$6.5m	A$1.5m	A$11.0m29% on cost · 20% on revenue
Cost stack Construction 4,500 m² at A$5,500/m²A$23.0m Basement parkingA$1.5m DemolitionA$45k Consultants, DA and certification (9%)A$2.2m Contributions (A$28,000 per new home)A$1.2m Contingency (5%)A$1.4m 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$11.0m pre-tax on a total development cost of A$37.5m. Includes 15% affordable housing at 65% of market.
TownhousesLow and Mid-Rise · FSR 0.89999998:1 · 12 m	8	2	1,250 m²	A$15.0m	A$6.5m	A$4.0m	-A$1.0m	A$1.0m8% on cost · 7% 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$5.0m instead leaves A$1.0m pre-tax on a total development cost of A$13.0m.
TerracesLow and Mid-Rise · FSR 0.89999998:1 · 12 m	6	2	1,000 m²	A$13.0m	A$5.0m	A$3.5m	-A$1.5m	A$850k8% on cost · 6% 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$5.0m instead leaves A$850k pre-tax on a total development cost of A$11.0m.
Dual occupancyLow and Mid-Rise · FSR 0.89999998:1 · 12 m	2	2	500 m²	A$6.0m	A$2.3m	A$2.0m	-A$3.0m	-A$2.4m-30% on cost · -40% 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$5.0m instead leaves -A$2.4m pre-tax on a total development cost of A$8.0m.

Site facts

Site area: About 1,500 m² (20 m by 70 m)
Street frontage: About 40 m (measured against the road corridor)
Zone: R3 Medium Density Residential · Willoughby Local Environmental Plan 2012
LEP controls: FSR 0.89999998:1 · height 12 m · minimum lot not mapped
Nearest nominated centre: About 250 m to Artarmon station (straight line) · Within 400 m of a nominated centre