A Knock-Down Rebuild (KDR) is a fantastic solution for homeowners who love their location but dream of a modern, custom-built home that suits their needs. But what does it really cost?
While it’s challenging to pin down exact figures without understanding your unique situation, there are key factors and a broad logic to help you estimate costs.
Let’s break it down.
Costs start with our Design Deposit, which secures your initial consultation and planning phase. This step ensures your vision aligns with council regulations and feasibility studies.
Building applications, including permits and approvals, are necessary to move forward and can vary depending on your council and the complexity of your build.
Demolishing your existing home is typically priced between $30,000 – $50,000, but this can vary by location, size of your home, site access, and other factors.
The cost to build a new home is typically measured per square metre. On the Northern Beaches in Sydney, for example, the cost can range from $2,800 to $4,000+ per square metre, depending on finishes, design complexity, and materials. Duplexes or more bespoke designs will naturally fall at the higher end of the spectrum.
Here’s an example of how costs might add up*:
Estimated Total: $1,050,000 – $1,250,000.
*These figures are broadly based on building on the Northern Beaches, Sydney. They are intended as a guide only and may vary significantly depending on location, specific site conditions, and personal preferences.
To make these figures even more relatable, our Sydney North team shared a recent knock-down rebuild project that demonstrates how various factors influence the overall cost.
Allambie Project
This project involved a 1,197 sqm block, which allowed for subdivision. The existing home was knocked down and two new dwellings were built.
The rear dwelling was constructed for $1 million, while the front dwelling cost $1.3 million. These prices were based on our standard inclusions, and excludes any upgrade costs.
Previous Buy-and-Sell Example
In a past project we knocked down and rebuilt a home that our client later sold a few years after completion. The property achieved an return on investment of over 60%.
Ready to explore whether a knock-down rebuild is right for you? At Wattle Court, we’re here to guide you through every step of the journey—from initial consultation to handing over the keys to your dream home.
Reach out to a Wattle Court Consultant to discuss the cost of a Knockdown Rebuild on your property.
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