That's fair Witzl. Just hate it when the "spruikers" throw those figures in and they have no real basis. Or they base it on something meaningless. I do agree that you get a general feel when analysing a particular market segment.
Where do you get $260K from. A real estate agent or valuer. If from a professional valuer than I would say well done. If not or you just based it on average prices in the area then I would say test the market and see if you do get $260K. That is the problem with property. Unless you sell...