Mickey , allow for about 50-60k for costs associated just with splitting the block into 2. all the hands come out , council contributions, town planning , council fee , soil tests , stormwater report , engineering reports, survey preparations & registration, plus others. you will be surprised how it adds up. at the end of the day it will come back to 2 things, your location ( views etc? ) and the quality of the end product. If you dont have a cut above in both , not much $ to be made.
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