I've put 3 years of work into this property, I'm now looking to refinance. So currently stressing a bit about what valuation I'm going to get.
Wondering what your thoughts are for this property.
Purchased January 2012 median back then was $420 000 ? current median $475 000 (rpdata) ~12% increase for the suburb (Salisbury Brisbane)
Original purchase price $412 000
Current rates land valuation $370 000
Value of work done to house if I paid someone to do all the work approx $350 000
So purchase plus value add plus capital growth in area of 12%= $811 440
I highly doubt I?ll get that much for the valuation. But anything $600 000+ I?ll be happy with.
House is 5 bed, 2 bath, 2 kitchens, dual living setup, on 809m2 block. It is in a 1 in 100 year flood zone, so that may negatively affect the valuation. However house is built above the potential flood height.
The most comparable sales I can find in my suburb are (these are a bit old) but they have similar styles of house, similar number of beds and bath, and the same 809m2 block size:
http://www.realestate.com.au/property-house-qld-salisbury-106318035
http://www.realestate.com.au/property-house-qld-salisbury-107392383
http://www.realestate.com.au/property-house-qld-salisbury-108611776
most recent similar property:
http://www.realestate.com.au/property-house-qld-salisbury-115805211
This one is pretty recent, but much smaller
http://www.realestate.com.au/property-house-qld-salisbury-118000807
Some pictures of my house here:
upstairs kitchen: http://somersoft.com/forums/attachment.php?attachmentid=12817&d=1408446237
medium sized bedroom: http://somersoft.com/forums/attachment.php?attachmentid=13688&d=1419330080
larger bedroom: http://somersoft.com/forums/attachment.php?attachmentid=13690&d=1419330186
hallway: http://somersoft.com/forums/attachment.php?attachmentid=13736&d=1420262953
heaps more pictures here: http://somersoft.com/forums/showthread.php?t=92426&highlight=ppor&page=8
And pictures attached. The first picture is of the house when I first purchased it.
What's your guess at the value of the property?
Thanks
Tim
Wondering what your thoughts are for this property.
Purchased January 2012 median back then was $420 000 ? current median $475 000 (rpdata) ~12% increase for the suburb (Salisbury Brisbane)
Original purchase price $412 000
Current rates land valuation $370 000
Value of work done to house if I paid someone to do all the work approx $350 000
So purchase plus value add plus capital growth in area of 12%= $811 440
I highly doubt I?ll get that much for the valuation. But anything $600 000+ I?ll be happy with.
House is 5 bed, 2 bath, 2 kitchens, dual living setup, on 809m2 block. It is in a 1 in 100 year flood zone, so that may negatively affect the valuation. However house is built above the potential flood height.
The most comparable sales I can find in my suburb are (these are a bit old) but they have similar styles of house, similar number of beds and bath, and the same 809m2 block size:
http://www.realestate.com.au/property-house-qld-salisbury-106318035
http://www.realestate.com.au/property-house-qld-salisbury-107392383
http://www.realestate.com.au/property-house-qld-salisbury-108611776
most recent similar property:
http://www.realestate.com.au/property-house-qld-salisbury-115805211
This one is pretty recent, but much smaller
http://www.realestate.com.au/property-house-qld-salisbury-118000807
Some pictures of my house here:
upstairs kitchen: http://somersoft.com/forums/attachment.php?attachmentid=12817&d=1408446237
medium sized bedroom: http://somersoft.com/forums/attachment.php?attachmentid=13688&d=1419330080
larger bedroom: http://somersoft.com/forums/attachment.php?attachmentid=13690&d=1419330186
hallway: http://somersoft.com/forums/attachment.php?attachmentid=13736&d=1420262953
heaps more pictures here: http://somersoft.com/forums/showthread.php?t=92426&highlight=ppor&page=8
And pictures attached. The first picture is of the house when I first purchased it.
What's your guess at the value of the property?
Thanks
Tim