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craigb, ONLY a builder would come up with a valuation method like that :p However, what you have described is the 'summation' method sometimes used by valuers when there are no comparable sales to go off. RightValue would be able to tell you more.;)

As Philip says - maybe / maybe not. What you can do though, is this: If your house was originally a 3brm, 1bath, 1 car and you added a 1brm, 1 bath granny flat - then you can start drawing comparables from 4brm, 2bath, 1 car properties. These generally do sell for more in my experience. Yes, -...