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					                                                       Home Valuer

                                          Estimate of Market Value




Estimate of Market Value - 15/08/2007
The Home Valuer Report provides an estimate of the most probable selling price of the subject property. It utilises advanced

automated valuation technology, and analysis of sales data and market trends combined to derive this estimate.
*Property Search:               50 RAKAU ROAD, HATAITAI, WELLINGTON




Valuation Results - Estimated Market Value
Estimated Value:                   $491,000
Estimated Selling Range:           $479,000 to $503,000

These estimates are based on analysis of general price movements in the area as the available recent sales in the area not sufficiently

comparable.

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 6.17% 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
Valuation Address:                 50 Rakau Road
Valuation Legal Description:       LOT 40 DP 5537
Property Type:                     Residential Dwelling               Floor Area:                        120 m2
Building Site Coverage:            120 m2                             Lot Size:                          539 m2
Age:                               1930's                             Parking:                           None identified
Roof Construction:                 Steel/G-Iron                       Wall Construction:                 Weatherboard
Contour:                           Steep rise                         Deck:                              N




Last Rating Valuation
Value of Improvements:             $200,000                           Valuation Date:                    1 September 2006
Land Value:                        $220,000                           Valuation Ref:                     17070/23200
Rating Valuation:                  $420,000




Prior Sales Infromation
Last Sale Price:                    $365,500                            Date:                            1 Oct 2003
Last Sale Price:                    $273,000                            Date:                            1 Mar 2002
Last Sale Price:                    $192,000                            Date:                            1 Jan 1996
Last Sale Price:                    $152,000                            Date:                            1 Jan 1994
Last Sale Price:                    $138,500                            Date:                            1 Oct 1991
Last Sale Price:                    $158,000                            Date:                            1 Mar 1988




Local Suburb Details
Hataitai is a residential suburb of Wellington within the Wellington local authority.

Overall the Wellington Local Authority has approximately 59,333 households. There have been approximately 5,388 sales recorded in

this Local Authority in the last year, being 9% of the housing stock.

Hataitai has approximately 1,856 households. There have been approximately 174 sales recorded in this area in the last year, being

9% of the housing stock.

Property Values on average increased for this category of property in this location by 21.06% over that period




*Title Details
Certificate of Title:               415/274                             Current Owners:                  PAUL TERRENCE BEVERLEY,
                                                                                                         PETER JOHN CLARK
Title Legal Description:            LOT 40 DP 5537                      Estate:
Issued Date:                        1/05/1930                           Status:                          Live
Area:                               53.9000



Memorials:
Reference               Date                   Time                     Document Type          Name                   Consideration

B498711.3               29/01/1996             11.19Am                  Mortgage               BNZ                    Adv

5802331.3               17/11/2003             9.00Am                   Mortgage               The National Bank of

                                                                                               New Zealand Limited

5802331.2               17/11/2003             9.00Am                   Interest In Transfer

5802331.1               17/11/2003             9.00Am                   Discharge of           Westpac Banking

                                                                        Mortgage               Corporation

5220261.3               15/05/2002             9.00Am                   Mortgage               Westpac Banking

                                                                                               Corporation

5220261.2               15/05/2002             9.00Am                   Interest In Transfer

5220261.1               15/05/2002             9.00Am                   Discharge of           BNZ

                                                                        Mortgage

206130                  1/05/1930              0.00Am                   Interest In Transfer




Comparable Sales in the Area (most recent sales listed first)
Street Address:                     146 Rakau Road
Rating Valuation:                   $500,000                            Sale Price:                      $580,000
Land Area:                          518                                 Sale Date:                       26 Jan 2007
Floor Area:                         150

This property is a 1920's Residential Dwelling, it is located within 300 metres of the subject property. In comparison the floor area is 30

square metres larger, the land value is the same, the rating value is $80,000 more than the subject. The sale occurred 7 months ago .
Street Address:                  44 Rakau Road
Rating Valuation:                $445,000                           Sale Price:                      $512,000
Land Area:                       541                                Sale Date:                       19 Apr 2007
Floor Area:                      140

This property is a 1930's Residential Dwelling, it is located within 100 metres of the subject property. In comparison the floor area is 20

square metres larger, the land value is the same, the rating value is $25,000 more than the subject. The sale occurred 4 months ago .
Street Address:                  1 Rakau Road
Rating Valuation:                  $420,000                           Sale Price:                          $543,278
Land Area:                         410                                Sale Date:                           21 May 2007
Floor Area:                        110

This property is a 1920's Residential Dwelling, it is located within 200 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 equal to the subject property. The sale occurred 3 months ago .
Street Address:                  42 Hohiria Road
Rating Valuation:                $430,000                          Sale Price:                         $485,000
Land Area:                       372                               Sale Date:                          18 Dec 2006
Floor Area:                      120

This property is a 1910's Residential Dwelling, it is located within 200 metres of the subject property. In comparison the floor area is

the same size, the land value is approximately 15% less, the rating value is $10,000 more than the subject. The sale occurred 8

months ago .
Street Address:                    115 Rakau Road
Rating Valuation:                  $385,000                           Sale Price:                          $475,000
Land Area:                         764                                Sale Date:                           11 Oct 2006
Floor Area:                        120

This property is a 1920's Residential Dwelling, it is located within 300 metres of the subject property. In comparison the floor area is

the same size, the land value is the same, the rating value is $35,000 less than the subject. The sale occurred 10 months ago .
Street Address:                   30 Hapua Street
Rating Valuation:                 $350,000                          Sale Price:                       $456,000
Land Area:                        473                               Sale Date:                        23 Jan 2007
Floor Area:                       100

This property is a 1920's Residential Dwelling, it is located within 400 metres of the subject property. In comparison the floor area is 20

square metres smaller, the land value is the same, the rating value is $70,000 less than the subject. The sale occurred 7 months ago .




Data Currency
Valuation and Sales Data           6/08/2007
Terralink Address Data             19/07/2007
Building Consents Data             2/07/2007




Find out more?
Terranet provides a host of property information, including:

Previous sales history Sales in the area Estimated selling price of residential properties based on comparable sales and market trends

Valuation details Aerial photography including with property boundaries Ownership details Building consents issued on a property

Market rent statistics including average weekly rent by type of property Copies of legal documents such Certificate of Title

Demographic profiles from the population Census School zones and locations

Return to www.terranet.co.nz and search the property you are interested in and see what is available. Samples of all reports are

available to view.




Disclaimer
This report is subject to the Valuation Consultants New Zealand (VCNZ) Limited’s Terms and Conditions, available as a PDF

document for download at: http://www.terranet.co.nz/terranet/vcnz_terms_conditions.pdf.

By ordering this report, you explicitly acknowledge that:

This report is not intended to replace a registered valuation.This report is the product of automated valuation technology and the result

is based on analysis of statistical and property data obtained from third parties. VCNZ cannot and does not warrant that the

information provided by these third parties is accurate and complete.No persons have visited the property for the purposes of

compiling this report and no warranty can be made as to condition, title, functional or economic obsolescence, or any other

matters.The estimate provided in this report assumes the property is held under a freehold interest.

VCNZ accepts no liability or responsibility for any loss or damage suffered by any person as a result of that person acting on the basis

of the information contained in this report. This disclaimer applies to both direct and indirect losses.
* This information is sourced directly from Terralink International

				
DOCUMENT INFO
Description: This is an example of home value estimate. This document is useful for conducting home value estimate.
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