Generally, the average two-lot subdivision can cost around $120,000 – $150,000 for an approved consent, a new Record of Title, professional fees and other requirements. These costs will likely include: consent processing costs. development contribution fees.
How much does it cost to split land?
As a general rule of thumb, you should have roughly $500 to $1,500 to subdivide one mid-sized property into two and more to divide one property into more than two lots. Note that any required improvements to the property can quickly run up your bill as well ($10,000 to $30,000).
Is it profitable to subdivide land?
When done right, subdividing land can be a profitable investment option. However, this process requires a lot of hard work and due diligence. If you’re thinking of undertaking subdivision as an investment strategy, you’ll want to make sure you have a firm knowledge base in the process before getting started.
What happens when you subdivide a property?
Subdividing property means dividing it into several parts. Land owners typically subdivide their property into multiple residential units. This usually increases the value of the land. When the land is subdivided into more than one lot, each lot is then sold to one or more buyers.