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: Estimated Selling Range: $491,000 $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: Valuation Legal Description: Property Type: Building Site Coverage: Age: Roof Construction: Contour: 50 Rakau Road LOT 40 DP 5537 Residential Dwelling 120 m2 1930's Steel/G-Iron Steep rise Floor Area: Lot Size: Parking: Wall Construction: Deck: 120 m2 539 m2 None identified Weatherboard N
Last Rating Valuation
Value of Improvements: Land Value: Rating Valuation: $200,000 $220,000 $420,000 Valuation Date: Valuation Ref: 1 September 2006 17070/23200
Prior Sales Infromation
Last Sale Price: Last Sale Price: Last Sale Price: Last Sale Price: Last Sale Price: Last Sale Price:
$365,500 $273,000 $192,000 $152,000 $138,500 $158,000
Date: Date: Date: Date: Date: Date:
1 Oct 2003 1 Mar 2002 1 Jan 1996 1 Jan 1994 1 Oct 1991 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: Title Legal Description: Issued Date: Area: 415/274 LOT 40 DP 5537 1/05/1930 53.9000 Current Owners: Estate: Status: PAUL TERRENCE BEVERLEY, PETER JOHN CLARK Live
Memorials:
Reference B498711.3 5802331.3 Date 29/01/1996 17/11/2003 Time 11.19Am 9.00Am Document Type Mortgage Mortgage Name BNZ The National Bank of New Zealand Limited 5802331.2 5802331.1 17/11/2003 17/11/2003 9.00Am 9.00Am Interest In Transfer Discharge of Mortgage 5220261.3 15/05/2002 9.00Am Mortgage Westpac Banking Corporation Westpac Banking Corporation 5220261.2 5220261.1 15/05/2002 15/05/2002 9.00Am 9.00Am Interest In Transfer Discharge of Mortgage 206130 1/05/1930 0.00Am Interest In Transfer BNZ Consideration Adv
Comparable Sales in the Area (most recent sales listed first)
Street Address: Rating Valuation: Land Area: Floor Area: 146 Rakau Road $500,000 518 150 Sale Price: Sale Date: $580,000 26 Jan 2007
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: Land Area: Floor Area:
$420,000 410 110
Sale Price: Sale Date:
$543,278 21 May 2007
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: Rating Valuation: Land Area: Floor Area:
115 Rakau Road $385,000 764 120
Sale Price: Sale Date:
$475,000 11 Oct 2006
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 Terralink Address Data Building Consents Data 6/08/2007 19/07/2007 2/07/2007
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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