Compare like with like
Compare the same property type, locality, size, age, condition and possession status. Advertised prices are not always completed transaction prices.
Account for property-specific facts
Floor, road access, frontage, approvals, tenancy, furnishing, construction quality and legal readiness may affect marketability.
- Use the same area unit for comparison
- Separate included fixtures from the property value
- Keep a reasonable negotiation range
Get qualified help
For a formal valuation, use a qualified property valuer and verify the basis, inspection date and assumptions in the report.