Valuation: Real Estate Appraisal and King Street Essay

Submitted By rachanakumar94
Words: 315
Pages: 2

Table of Contents
Introduction & Property Details---------------------------------------------
Valuation summary---------------------------------------------------
Location of subject property
Property details

Direct comparison
Method of Valuation
Weakness’ and Strengths
Comparable properties
Comparison grid
Comparison rational & valuation
Rational working for methods 1&2

Capitalisation method
Method of Valuation
Weakness’ and Strengths
Calculating median Cap Rate
Cap rate and valuation

Summation Method
Valuation method
Weakness’ and Strengths
Summation and land valuation

Certificate of Valuation
Certificate of valuation
Disclaimer




















Instruction

We have been instructed on behalf of Vince Mangioni to undertake a market valuation of 512 King Street, Newtown NSW. The valuation has been requested for the purpose of this assignment to be submitted to the University of Technology

Address of Property

512 King Street, Newtown

Date of Inspection

4th August 2013

Date of Valuation

3rd October 2013

Valuation and Assessments Summary

Address: 512 King Street, Newtown
Land as unimproved capital: $161,000
Improvements: $1,010,000




Location of subject property:

The subject property is located on the left hand side of King Street. King Street is the main retail Strip of Newtown, making it an ideal location due to the market of consumers. King Street follows to become Princess highway, which is a major road in all of Australia. It is one of the most used routes and measures