Address locked, Crows Nest

1 house today → about 340 homes as apartments, up to 54 storeys. About 3,000 m², 250 m frontage, zone MU1.

Residual land valueA$130m

Likely ask (1 house)A$60.0mFrom the 1 July 2025 land value x 1.15

HeadroomA$70.0m

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.

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 54 storeys (LEP controls)Local Environmental Plan · FSR 11.5:1 · 180 m	340	54	35,000 m²	A$500m	A$230m	A$130m	A$70.0m	A$130m41% on cost · 26% on revenue
Cost stack Construction 35,000 m² at A$5,500/m²A$180m Basement parkingA$11.0m DemolitionA$45k Consultants, DA and certification (9%)A$17.0m Contributions (A$28,000 per new home)A$9.5m Contingency (5%)A$10.0m 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$60.0m instead leaves A$130m pre-tax on a total development cost of A$325m.
Shop-top housing, up to 54 storeysLow and Mid-Rise (within 400 m) · FSR 11.5:1 · 180 m	320	54	35,000 m²	A$500m	A$230m	A$120m	A$60.0m	A$130m41% on cost · 26% on revenue
Cost stack Construction 35,000 m² at A$5,600/m²A$180m Basement parkingA$11.0m DemolitionA$45k Consultants, DA and certification (9%)A$18.0m Contributions (A$28,000 per new home)A$9.0m Contingency (5%)A$11.0m 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$60.0m instead leaves A$130m pre-tax on a total development cost of A$325m.

Site area: About 3,000 m² (35 m by 120 m)
Street frontage: About 250 m (measured against the road corridor)
Zone: MU1 Mixed Use · North Sydney Local Environmental Plan 2013
LEP controls: FSR 11.5:1 · height 180 m · minimum lot not mapped
Nearest nominated centre: About 350 m to Crows Nest station (straight line) · Within 400 m of a nominated centre
Land value: About A$55,000,000 at 1 July 2025, NSW Valuer General · from A$50,000,000 at 1 July 2022 (+10%)

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