Home Valuer Property Report

Estimated Market Value

This is a market evaluation generated by Terralink International Limited under license from Valuation Consultants NZ Limited (VCNZ Ltd). This report provides an estimate of the most probable selling price of the subject property using advanced automated valuation technology, and analysis of sales data and market trends combined to derive this estimate.

• Estimated Value: $409,000
• Estimated Selling Range: $389,000 to $429,000

• Confidence Score: HIGH
  This score is based on the number of available comparable sales in the area and the predictability of prices within the city or district. The average prediction values of the model (within this location) are within 6.77% of the actual sales price when sold under normal market conditions and where the sale is considered to be an Arms-Length transaction.

Property Description

• Property Type: Residential Dwelling
• Floor Area: 90 m2
• Building Site Coverage: 90 m2
• Lot Size: 503 m2
• Age: 1970's
• Parking: Space for 1 vehicle - Freestanding
• Roof Construction: Steel/G-Iron
• Wall Construction: Weatherboard
• Contour: Level
• Deck: No

Current Rating Valuation

Local authorities carry out property valuations to help determine your annual property rates. Rating valuation notices and rates demands are issued by local authorities. Valuations occur at least every three years in accordance with the Ratings Valuations Act 1998.

• Rating Valuation: $430,000
• Land Value: $200,000
• Value of Improvements: $230,000
• Assessment Date: 1 Sep 2007
• Valuation Ref: 17002/63100

Sales History

Previous sales of the property are collected and maintained by local authorities throughout the country.

• Sale Price: $150,000 Date: 26 Jun 1998
• Sale Price: $124,000 Date: 8 Dec 1989
• Sale Price: $82,000 Date: 20 Jul 1986
• Sale Price: $42,000 Date: 16 Mar 1981

Title Details

A Certificate of Title is associated with every property in New Zealand. This information is held by Land Information New Zealand (LINZ). A physical copy of the Title may be ordered from Terranet (www.terranet.co.nz)

• Current Owners: Joye B Blogs
• Certificate of Title: GHG/200
• Legal Description: LOT D 20111
• Estate: Fee Simple
• Issued Date: 15 Dec 1966
• Status: Live
• Land Area: 503 m2

Title Transactions

• MORTGAGE: Bank Lmtd - B15661.321 (10 Jul 1998 3.04 pm)

• TRANSFER: Company Name - B675161.2 (10 Jul 1998 3.04 pm)

• DISCHARGE OF MORTGAGE: Company Name - B675161.1 (10 Jul 1998 3.04 pm)

• VARIATION OF MORTGAGE: Company Name - B450991.1 (21 Aug 1995 1.26 pm)

• MORTGAGE: Company Name - B350726.1 (29 Mar 1994 2.52 pm)

• DISCHARGE OF MORTGAGE: Company Name - B289467.1 (6 May 1993 2.44 pm)

• TRANSFER OF MORTGAGE: Company Name - B258763.1 (13 Oct 1992 11.15 am)

• MORTGAGE: Company Name - B074232.1 (9 Apr 1990 2.38 pm)

Local Market Details - Wellington

• Number of Houses Sold: 2,992
• Highest Sold Price: 3,050,000
• Lowest Sold Price: 202,000
• Median Sold Price: 510,885
• Total Number of housing Stock in the suburb: 55,955
• % of Housing Stock sold over past 12 months: 5.3%
• Average % value increase over past 12 months: 11.17%

Comparable Sales in the Area

Comparable sales lists up to 6 sales in the area which affect the estimated market value of the property. These properties have been selected based on comparable land and floor area, rateable value, geographical proximity, and within an acceptable timeframe and distance.

• 415 The Road

  Sale Price: $355,000
  Rating Valuation: $355,000
  Sale Date: 11 Sep 2008

  Land Area: 513 m2
  Floor Area: 60 m2

  This property is a 1950's Residential Dwelling, it is located within 300 metres of the subject property. In comparison the floor area is 30 square metres smaller, the land value is the same, the rating value is $75,000 less than the subject. The sale occurred 4 months ago and has been selected solely on the comparison of the Rateable Value.

• 483 The Road

  Sale Price: $314,000
  Rating Valuation: $350,000
  Sale Date: 29 Aug 2008

  Land Area: 755 m2
  Floor Area: 103 m2

  This property is a Mixed/Remodelled Residential Dwelling, it is located within 300 metres of the subject property. In comparison the floor area is 13 square metres larger, the land value is the same, the rating value is $80,000 less than the subject. The sale occurred 5 months ago and has been selected solely on the comparison of the Rateable Value.

• 35 The Street

  Sale Price: $320,000
  Rating Valuation: $345,000
  Sale Date: 20 Jun 2008

  Land Area: 557 m2
  Floor Area: 80 m2

  This property is a 1940's Residential Dwelling, it is located within 300 metres of the subject property. In comparison the floor area is 10 square metres smaller, the land value is the same, the rating value is $85,000 less than the subject. The sale occurred 7 months ago and has been selected solely on the comparison of the Rateable Value.

• 64 The Street

  Sale Price: $395,000
  Rating Valuation: $395,000
  Sale Date: 14 Apr 2008

  Land Area: 0 m2
  Floor Area: 100 m2

  This property is a 1990's Residential Dwelling, it is located within 500 metres of the subject property. In comparison the floor area is 10 square metres larger, the land value is the same, the rating value is $35,000 less than the subject. The sale occurred 9 months ago and has been selected solely on the comparison of the Rateable Value.

• 35 The Crescent

  Sale Price: $410,000
  Rating Valuation: $450,000
  Sale Date: 16 Mar 2008

  Land Area: 781 m2
  Floor Area: 110 m2

  This property is a 1960's Residential Dwelling, it is located within 400 metres of the subject property. In comparison the floor area is 20 square metres larger, the land value is approximately 5% less, the rating value is $20,000 more than the subject. The sale occurred 10 months ago .

• 9 The Street

  Sale Price: $453,000
  Rating Valuation: $430,000
  Sale Date: 1 Mar 2008

  Land Area: 330 m2
  Floor Area: 100 m2

  This property is a 1960's Residential Dwelling, it is located within 800 metres of the subject property. In comparison the floor area is 10 square metres larger, the land value is the same, the rating value is equal to the subject property. The sale occurred 10 months ago .

Disclaimer

Sections of this report are generated by Terralink International Limited using an AVM designed by and under license from VCNZ. Information provided by this service is sourced from third parties, and forms a guideline only. Zoodle Limited cannot and does not provide any warranties or assurances of any kind in relation to any information provided through this service. In particular Zoodle Limited does not warrant that the material on the Site and the Services is free from errors, omissions, or other inaccuracies, or is fit for any particular purpose.
You should take note of the currency of the data, as set out above, which is sourced from the Terralink International Limited http://www.terranet.co.nz/, Quotable Value, http://www.qv.co.nz/, Land Information New Zealand, http://www.linz.govt.nz/, Valuation Consultants, http://www.valuationconsultants.com/ and Ministry of Education http://www.minedu.govt.nz/ and http://www.schoolzones.co.nz/ ; and to which these links are provided. Zoodle Limited will not be liable for any claims in relation to this service, the full terms and conditions for the use of which are available at http://www.zoodle.co.nz/

Currency Data

• Building Consents Data: 21 Nov 2008
• Survey and Title Data: 7 Dec 2008
• Terralink Address Data: 2 Dec 2008
• Valuation and Sales Data: 8 Dec 2008

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