The Manor House: What The Numbers Look Like

A four-unit manor house on the same site — designed to look like a grand single residence from the street — produces a different financial outcome entirely.

Premium street-facing units are currently achieving $1.25 million to $1.35 million. Rear units are trading at $1.10 million to $1.20 million.

Let's use $1.25 million for two front units and $1.15 million for two rear units.

Manor house project — rough numbers:

• Gross Realisation Value: $4,800,000 (2 x $1,250,000 + 2 x $1,150,000)

• Land cost: $1,350,000

• Construction (Class 2, ~520sqm): $1,900,000

• Soft costs, contributions, selling: $400,000

• Total Development Cost: approximately $3,650,000

• Net profit: approximately $800,000 to $850,000

• Margin on cost: approximately 22%

Same land. Same street. Significantly more profit.