115A Normandale Road 115a Normandale Road | Page 25

SALES EVIDENCE A number of recent sales within the locality were considered and analysed to arrive at an independent opinion of the current market value for the subject property. The sales included are:- 12h City View Sold 07/19 Sale Price $ 675,000 A 1950’s 3 bedroom weatherboard dwelling on a 1025 square metres rear sloping hillside site with a floor area of approx 130 square metres. Rating Value $510,000. Inferior to subject as a smaller house on a larger site with superior views but shared access. Third party pic. 68 Oakleigh Sold 08/19 Sale Price $ 741,800 A modernised 1960’s 4 bedroom weatherboard dwelling on a 639 inside level site with a floor area of approximately 120 square metres. Rating Value $570,000. Inferior to subject as much smaller with superior indoor outdoor living but no water views. 85 Cypress Sold 07/19 Sale Price $ 786,000 A 2000’s 4 bedroom 2 bathroom stucco dwelling on a 786 square metre elevated inside sloping site with a floor area of approximately 190 square metres. Rating Value $620,000. Similar to subject as similar aged home but smaller size house and section views with similar views. 100 Viewmont Sold 05/19 Sale Price $ 935,000 A 2000’s 4 bedroom timber shingles & metal sheet dwelling on a 2954 square metre elevated rear site with a floor area of approximately 200 square metres excluding the garage. Rating Value $710,000. Superior to subject as is larger (separate garage) on a larger site with superior views. 36 Meadowbank Sold 05/19 Sale Price $ 1,025,000 A 2000’s 2 bathroom 4 bedroom stucco dwelling on a 1109 square metre elevated inside level site with a floor area of approximately 225 square metres. Rating Value $860,000. Superior to subject as much more trendy modern home on a larger site with similar views. Page 10 of 15 115a Normandale Road Normandale Lower Hutt