Valuation Report Undertaking the Valuation of A Dwelling - Property Assignment Help

Assignment Task

    
1Find three comparable/recently sold properties:

• Conduct a search in the local marketplace and identify 3 properties that are comparable to your selected‘subject’ dwelling (unit). Ensure that each property was sold within the last 6 months and that you havethe sale date and the amount it was sold for. If need-be, for your 3 comparableproperties, you may alsochoose a property that is currently listed on the market for sale (but not one that is due for auctionsoon.) Selectcomparable properties which have similar (but not exact) characteristics to the subjectproperty (for example same number of bedrooms, bathrooms, zoning, size, floor areas, etc.)
• Discuss (in professional terms) the process you took for finding and inspecting each comparable propertyand explain why you chose those three properties. This means to give a rationale for why you chose those particular comparables.
• Describe the 3 comparable properties in detail:Describe each comparable-sale property in detail, both the land and the building also.Refer to the condition of each property, its internal/external factors (including ‘services’ on site) and otherfactors/features that may affect, or contribute to, the property’s value; e.g. on a busy road, size of the land,restrictive zoning, over-shadowing, poor access, etc. Include any relevant external factors also (‘externalities’).
• Consider intangibles as well.
• Include a detailed and labelled map of the location and area (though not just a cut & paste aerial shot.)Add any other relevant information such as local amenities, train-lines, mines, large developments, employment centres, etc. All properties should be shown on the same map.

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