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Development › Artarmon › Site

Not viable as a standalone site

Address locked, Artarmon

1 house today → 4 homes as townhouses. About 1,000 m², 15 m frontage, zone R2.

Residual land valueA$2.0m
Likely ask (1 house)A$2.4mFrom the 1 July 2025 land value x 1.15
Headroom-A$400k
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Every option the rules allow

OptionHomesStoreysGFARealisationCostsResidual land valueHeadroomProfit at likely ask
TownhousesLow and Mid-Rise · FSR 0.7:1 · 9.5 m 42700 m² A$7.5mA$3.3mA$2.0m-A$400k A$600k10% on cost · 8% on revenue
Cost stack
  • Construction 700 m² at A$4,100/m²A$2.8m
  • DemolitionA$45k
  • Consultants, DA and certification (9%)A$240k
  • Contributions (A$28,000 per new home)A$85k
  • Contingency (5%)A$150k
  • 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$2.4m instead leaves A$600k pre-tax on a total development cost of A$6.0m.
Dual occupancyHousing SEPP (R2 state-wide) · FSR 0.65:1 · 9.5 m 22500 m² A$6.0mA$2.3mA$2.0m-A$400k A$300k6% on cost · 5% 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$2.4m instead leaves A$300k pre-tax on a total development cost of A$5.0m.
Manor house (4 flats)Low and Mid-Rise · FSR 0.8:1 · 9.5 m 42450 m² A$5.5mA$2.5mA$1.4m-A$1.0m -A$350k-7% on cost · -6% on revenue
Cost stack
  • Construction 450 m² at A$4,400/m²A$1.9m
  • Basement parkingA$140k
  • DemolitionA$45k
  • Consultants, DA and certification (9%)A$190k
  • Contributions (A$28,000 per new home)A$85k
  • Contingency (5%)A$110k
  • 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$2.4m instead leaves -A$350k pre-tax on a total development cost of A$5.5m.

Site facts

Site area
About 1,000 m² (15 m by 70 m)
Street frontage
About 15 m (measured against the road corridor)
Zone
R2 Low Density Residential · Willoughby Local Environmental Plan 2012
LEP controls
FSR 0.40000001:1 · height 8 m · minimum lot 550 m²
Nearest nominated centre
About 600 m to Chatswood station and town centre (straight line) · 400 to 800 m from a nominated centre
Heritage
Conservation area: South Chatswood
Land value
About A$2,100,000 at 1 July 2025, NSW Valuer General · from A$1,800,000 at 1 July 2021 (+15%)
Notes
Heritage conservation area.

Neighbours

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

Amalgamation options

#4 · amalgamation 2 houses → 9 homes

Address locked, Artarmon

Residual land valueA$5.0m
Likely askA$4.8m
HeadroomA$250k

2,000 m² · Townhouses · R2 · address locked

Heritage conservation area