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Jeremy, what do you mean 'what it is worth to do'? Do you mean start with my desired yield then work back to a price from there? Andrew, I think the income way might be best to work out 'our' price but it would still be good to have something independent to justify our offer also. On top...

Last sale was in 1991 for $61,000 but the sale prior was 1990 for $157,500, not sure if these have been mixed up though, is that when the recession happened? It is advertise as 'registered as 4 flats' but I am in the process of finding out exactly what approvals it has.

Has anyone on SS ever had trouble guaging the value of a property advertised with no listing price, with no comparables in the area and if so how did you come to/decide on a figure to offer?

We (wife and I) have found a property we are interested in buying initially as an investment with the intent to make a PPOR in 10 years + time. It is being marketed as 7 bed, 4 bath and is currently being let as 4 flats and the advertising has no listed price, just 'express sale'. We figure...