Development Due Diligence Report - Archistar

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Development Due Diligence Report 38-40 Hampstead Road, Homebush West NSW Prepared by Developer Savvy 61 400 999 999 developer.savvy@archistar.ai Prepared for Sample Report Prepared on Mon Dec 06 2021

Contents SITE 3 OVERLAYS 6 DEVELOPMENT ACTIVITY 11 TOWNHOUSES 14 REFERENCES AND LEGAL 24 38-40 Hampstead Road, Homebush West NSW Page 1

SITE Property Details 38-40 Hampstead Road Homebush West NSW 2140 1624m² Image Address Year Built Occupancy Last Sale Last Rental Est Value Est Condence 1/38-40 Hampstead Road Homebush West NSW 2140 3 2 1 - 1974 Rented 470k (2011) - 710k High 2/38-40 Hampstead Road Homebush West NSW 2140 2 1 1 102 1970 Rented 434k (2010) 450 pw (2013) 595k Med 3/38-40 Hampstead Road Homebush West NSW 2140 2 1 1 100 1974 Rented 428k (2012) 460 pw (2013) 595k Med 4/38-40 Hampstead Road Homebush West NSW 2140 - - 1 124 1974 Rented 236k (1998) - 610k Med 5/38-40 Hampstead Road Homebush West NSW 2140 2 2 1 114 1974 Rented 385k (2003) 430 pw (2021) 680k High 6/38-40 Hampstead Road Homebush West NSW 2140 2 1 1 140 1974 Rented 315k (2004) 330 pw (2020) 605k Med 7/38-40 Hampstead Road Homebush West NSW 2140 2 1 1 124 1974 Rented - - 605k Med 8/38-40 Hampstead Road Homebush West NSW 2140 2 1 1 107 1974 Rented 407k (2010) 400 pw (2021) 635k High 38-40 Hampstead Road, Homebush West NSW Page 2

SITE Permitted Uses Suggested Land Use Duplex Townhouse Apartment Mixed Use Permitted Permitted Permitted Not Permitted Objectives of zone To enable other land uses that provide facilities or services to meet the day to day needs of residents. To provide a variety of housing types within a medium density residential environment. To provide for the housing needs of the community within a medium density residential environment. Permitted with consent Attached dwellings Bed and breakfast accommodation Boarding houses Building identi cation signs Business identi cation signs Centre-based child care facilities Community facilities Dual occupancies Dwelling houses Environmental protection works Group homes Home businesses Multi dwelling housing Neighbourhood shops Oyster aquaculture Places of public worship Recreation areas Residential care facilities Residential at buildings Respite day care centres Roads 38-40 Hampstead Road, Homebush West NSW Page 3 -A

SITE Permitted Uses Permitted with consent Secondary dwellings Semi-detached dwellings Tank-based aquaculture Water recycling facilities Seniors housing Permitted without consent Home occupations Prohibited Any other development not speci ed in "Permitted without consent" or "Permitted with consent" Pond-based aquaculture 38-40 Hampstead Road, Homebush West NSW Page 3 -B

SITE Planning Details Basic Lot Id //SP8777 Council STRATHFIELD MUNICIPAL COUNCIL FSR 1.2 :1 Max Building Height 11 m Min Lot Size (Subdivision) 1000 m2 Street Frontage Est. 32.3 m Postcode 2140 Lot Area Est. 1624 m2 Zones R3: Medium Density Residential Overlays Protection Acid Sulfate Soils Class 5 38-40 Hampstead Road, Homebush West NSW Page 4

OVERLAYS Zoning Your site R3 Medium Density Residential Legend RE1 Public Recreation R2 Low Density Residential R3 Medium Density Residential 38-40 Hampstead Road, Homebush West NSW Page 5

OVERLAYS Heritage Your site Your site is not heritage listed. Legend Heritage 38-40 Hampstead Road, Homebush West NSW Page 6

OVERLAYS Flood Your site Your site is not in a ood zone. Legend Flood 38-40 Hampstead Road, Homebush West NSW Page 7

OVERLAYS Bush re Your site Your site is not in a bush re zone. Legend Bush re 38-40 Hampstead Road, Homebush West NSW Page 8

OVERLAYS Contours Your site Could not detect elevation. 38-40 Hampstead Road, Homebush West NSW Page 9

DEVELOPMENT ACTIVITY Cordell Insights Project statistics No of Projects 35 Proj. with units 15 Total value 803.8m Min storeys - Median value 4.0m Max storeys 11 Total units 459 Avg. storeys 4.07 Development breakdown Developments by stages Units Developments by category 0 RESIDENTIAL 19 ( 54%) Pre DA 2 ( 5%) DA Pending 1 ( 2%) 54 INDUSTRIAL 4 ( 11%) DA Approved 11 ( 31%) 144 EDUCATION 3 ( 8%) Construction 21 ( 60%) 261 COMMERCIAL PREMISES 2 ( 5%) RETAIL 2 ( 5%) SOCIAL 2 ( 5%) HOSPITALITY 2 ( 5%) Development Forecast/ Settlement Risk Completion Year No. of projects Proj. with units Total units Total value 2021 4 1 39 43.4m 2022 1 1 31 10.6m 2023 2 1 28 15.4m 38-40 Hampstead Road, Homebush West NSW Page 10

DEVELOPMENT ACTIVITY Cordell Map 38-40 Hampstead Road, Homebush West NSW Page 11

DEVELOPMENT ACTIVITY Cordell List Stage Value Floor Area Commence Units Date Completion Date Hampstead Community Rd (lots 8-14 Hall Dp14766 & Lot E Dp394168) Construction 1.5m 677.0 0 17/09/18 16/11/18 Exeter Rd Units 4 (lot C) Exeter Rd (dp334509) Units (14) - 4 Storey Construction 3.3m 979.0 14 05/06/17 17/03/18 C Henley Rd Commercial Buiding 14 Henley Rd Of ces Pre DA (5)/shop - 2 Storey - Altns & Addns 800k 714.0 0 25/08/17 - D Henley Rd Boarding House 44 (lot B) Henley Rd (dp4499490) Boarding House - 3 Storey Construction 1.0m 1538.0 0 12/05/19 19/01/20 E Hampstead Road Units 3 (lot F) Hampstead Rd (dp344804) Units (10) - 4 Storey Construction 1.9m 920.0 10 08/01/18 29/03/19 F Homebush West Public School 20 Exeter Rd Multi Purpose Construction Building - 3 Storey 0 09/10/17 31/10/18 G Eastbourne Road Apartments 2 Eastbourne Road Apartments DA Approved 10.4m (33) - 5 Storey 33 14/09/22 18/12/24 No Title Address A Melville Community Hall B Type 20.8m 3271.0 3034.0 38-40 Hampstead Road, Homebush West NSW Page 12

DEVELOPMENT OPTIONS TOWNHOUSES 38-40 Hampstead Road, Homebush West NSW Page 13

TOWNHOUSES Houses: Suburb Insights 12 Month Performance Overview Median sales price 1 year change Median rent price 1 year change 1.2m -5.77% 520 pw - Total Sold 1 year change Days on market 6 2.82% - Breakdown 3 Bedroom 4 Bedroom 5 Bedroom Number sold: - Number sold: - Number sold: - Median Sales Price: - Median Sales Price: - Median Sales Price: 2.4m The breakdown above uses available data and may not include information from ALL sales this year. Historical Performance Median Sale Price Median Rent Price Total Sold Year Price Year Price 1 yr /- Year Price 1 yr /- 2016 500 pw - 2016 4 - 2017 510 pw 2% 2017 4 - 2018 490 pw -3.92% 2018 3 -25% 2019 495 pw 1.02% 2019 5 66.67% 2020 520 pw 5.05% 2020 6 20% 1 yr /- No data available 38-40 Hampstead Road, Homebush West NSW Page 14

TOWNHOUSES Houses: Recently Sold ID Bed Bath Car Area Price A Image Address 38 Kessell Avenue Homebush West NSW 2140 5 2 2 759m2 2,410,000 2021-07-30 Date B 46 Henley Road Homebush West NSW 2140 6 3 - 765m2 2021-09-15 38-40 Hampstead Road, Homebush West NSW Page 15

TOWNHOUSES Houses: For Sale ID Bed Bath Car A Image Address 8/81-86 Courallie Avenue Homebush West NSW 2140 5 3 2 Area -m2 B 26A Hornsey Road Homebush West NSW 2140 3 2 1 277m2 C 9 Courallie Avenue Homebush West NSW 2140 3 1 2 493m2 D 7 Courallie Avenue Homebush West NSW 2140 3 1 3 478m2 Price 38-40 Hampstead Road, Homebush West NSW Page 16

TOWNHOUSES Houses: For Rent ID Bed Bath Car Area Price A Image Address 15 Courallie Avenue Homebush West NSW 2140 3 - - 531m2 440 B 8 Welfare Street Homebush West NSW 2140 3 2 2 428m2 550 C 82 The Crescent Homebush West NSW 2140 3 2 1 472m2 750 38-40 Hampstead Road, Homebush West NSW Page 17

TOWNHOUSES Design Solution Comparison Featured Design Alternate Design 1 Alternate Design 2 Dwellings 6 6 5 Lots 6 6 5 Total FSR 0.87 :1 0.87 :1 0.67 :1 Total GFA 1,412 m2 1,412 m2 1,082 m2 Footprint Area 706 m2 706 m2 541 m2 2 2 2 Avg Townhouse GFA 235 m2 235 m2 216 m2 Land Ef ciency 83 % 83 % 94 % Total Carpark Spaces 0 0 0 Total Carpark Area 0 m2 0 m2 0 m2 Basic Total Storeys 38-40 Hampstead Road, Homebush West NSW Page 18

TOWNHOUSES Featured Design: Overview Building Summary Dwellings Lots Total FSR 6 6 0.87:1 Total GFA Footprint Area Total Storeys 1,412m2 706m2 2 Avg Townhouse GFA Land Ef ciency Total Carpark Spaces 83% 0 235m 2 Total Carpark Area 0m2 38-40 Hampstead Road, Homebush West NSW Page 19

TOWNHOUSES Featured Design: Static Feasibility Income Lot Size m2 Qty Sales Price ( per lot). inc GST 200 6 1,200,000 Gross Realisation Total 7,200,000 7,200,000 Less GST (10%) 654,545 Net Realisation 6,545,455 Costs Lot Size m2 Qty Cost Price ( per lot/m2) (Land) 200 6 - (Buildings) Building Costs1,412 - 1,939 Total development costs (Before builder) 2,737,868 2,737,868 Builder Margin (10%) 273,787 Total development costs 3,011,655 Other Fees (including agent, professional, contingency, legals, etc) Total Expenses Total 795,851 3,807,506 Overall Net Return (22%) Residual Land Value 1,440,000 1,297,949 38-40 Hampstead Road, Homebush West NSW Page 20

TOWNHOUSES Featured Design: Sunlight Sunlight Sunlight 0hr ( 17 %) Sunlight 4hr ( 33 %) Sunlight 5hr ( 50 %) 38-40 Hampstead Road, Homebush West NSW Page 21

TOWNHOUSES Featured Design: Ground Shadows Ground Shadows Shadows 9am Shadows 10am Shadows 11am Shadows 12pm Shadows 1pm Shadows 2pm Shadows 3pm 38-40 Hampstead Road, Homebush West NSW Page 22

APPENDIX Legal Disclaimers Archistar The information set out in this report has been prepared using information derived from a variety of internal and external sources and may be based on assumptions. ArchiStar does not warrant the accuracy or completeness of any of the information and does not accept any legal liability or responsibility for injury, loss or damage incurred by the use of, or reliance on, or interpretation of the information contained herein. To the extent that this report includes any statement or gure as to a future matter, that statement or gure is provided as an estimate and/or optinion based upon the information known to ArchiStar at the date of preparing this report and assumptions which may be incorrect. The recipient accepts this report on the condition that they will make their own enquiries, advice, assessment and investigations about the matters contained in the document and make any additional enquiries or investigations it deems necessary or appropriate in order to verify the accuracy and completeness of the information presented in this document. Terms and conditions in https: //www.archistar.ai/terms. Corelogic The Corelogic data provided in this publication is of a general nature and should not be construed as speci c advice or relied upon in lieu of appropriate professional advice. While Corelogic uses commercially reasonable efforts to ensure the Corelogic data is current, Corelogic does not warrant the accuracy, currency or completeness of the Corelogic data and to the full extent permitted b y law excludes all loss or damage howsoever arising (including through negligence) in connection with the Corelogic data. NSW Data Disclaimer Contains property sales information provided under licence from the Land and Property Information (“LPI”). RP Data Pty Ltd trading as CoreLogic is authorised as a Property Sales Information provider by the LPI. Data Sources Attribution NSW Crown Copyright - Department of Planning and Environment PSMA2018 Terms of use and disclaimers https: ns#copyright https: er 38-40 Hampstead Road, Homebush West NSW Page 23

APPENDIX References State Environmental Planning Policy (Exempt and Complying Development Codes) 2008 - Subdivision 2 Built form development standards 3B.11 Minimum setbacks and maximum height and length of boundary walls State Environmental Planning Policy (Exempt and Complying Development Codes) 2008 - Subdivision 2 Built form development standards for dwelling houses and attached development 3D.21 Minimum setbacks and maximum height and length of built to boundary walls State Environmental Planning Policy (Exempt and Complying Development Codes) 2008 - Subdivision 2 Built form development standards for dwelling houses and attached development 3.10 Minimum setbacks and maximum height and length of boundary walls State Environmental Planning Policy (Exempt and Complying Development Codes) 2008 - 3D.21 Minimum setbacks and maximum height and length of built to boundary walls (17) Front setbacks for battle-axe lots State Environmental Planning Policy (Exempt and Complying Development Codes) 2008 - Subdivision 2 Built form development standards for detached development (other than swimming pools and fences) 3B.52 Other development standards for detached studios State Environmental Planning Policy (Exempt and Complying Development Codes) 2008 - Subdivision 2 Built form development standards for detached development (other than farm buildings, swimming pools and fences) 3D.48 Other development standards for detached studios State Environmental Planning Policy (Exempt and Complying Development Codes) 2008 - Subdivision 2 Built form development standards for dwelling houses and attached development 3D.12 Minimum setbacks Clause 4.4 Strath eld Local Environmental Plan 2012Floor Space Ratio Map 38-40 Hampstead Road, Homebush West NSW Page 24

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Development Due Diligence Report 38-40 Hampstead Road, Homebush West NSW Prepared by Developer Savvy 61 400 999 999 developer.savvy@archistar.ai Prepared for Sam pl eR ort Prepared on Mon Dec 06 2021. Contents SITE 3 OVERLAYS 6 DEVELOPMENT ACTIVITY 11 TOWNHOUSES 14 REFERENCES AND LEGAL 24 38-40 Hampstead Road, Homebush West NSW Page 1.

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