CRITICAL ASSUMPTION/DISCLOSURE
This assessment is on the basis that there is not issues relating to weather tightness.
The subject is inspected by Mike Winton of Building Science Ltd. Mr Winton has
extensive experience with monolithic homes in the Wellington and also the Auckland
region.
CALCULATIONS
Net Rate
Dwelling 200 m2 @2050/ m 2 = 410,000
Landscaping
30,000
plus Land Value
355,000
plus Chattels
30,000
$825,000
Direct Comparison
range as is $800,000 - $840,000. mid point $820,000
VALUATION CONCLUSION
In preparing our assessment we have had regard to the physical features of the property
together with the current market conditions in the locality. Accordingly we assess the
market value of 115a Normandale Road Normandale Lower Hutt , for Sale and Mortgage
purposes after reviewing the comparable sales methods (Direct Comparison and Net Rate
Analysis) plus Offer, at: $825,000 (Eight Hundred Twenty Five Thousand Dollars),
inclusive of $30,000 chattels as summarised below:
Land Value
Improvements Value
Market Value (excluding chattels)
Chattels
Market Value (including chattels)
$
$
$
$
$
355,000
570,000
795,000
30,000
825,000
After taking into account the various characteristics of the subject property, its location
and the prevailing market conditions, it is expected that a likely selling period for the
subject property would be 1 to 2 months.
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115a Normandale Road Normandale Lower Hutt