Valuation: Real Estate Appraisal and King Street Essay

Submitted By rachanakumar94
Words: 306
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…