Carlton -Vic

Hi guys.

I am trying to work out what land value would be in Carlton, but it is alittle difficult when it is such an established suburb. How can I work out what it might be? ANy other opinions on Carlton would also be appreciated.

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The way I do it, is to find a house which is described as renovator's delight, no pictures on re.com other than the facade and the local area, or when you go and inspect it is almost or is unrentable. There will always be a few around.

There will always be variables especially location, block size, other things such as ROW, but at least it will give you some idea.

For example this one is ~135 square metres, and is quoting $550k+

This one is not priced at land value, despite being dated, its still liveable. This one is an irregular block, so probably a bit bigger than the earlier one. Drummond Street is better location which would account for the slight price difference.

Not an exact science, but will give you some idea.
 
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