I am a newbie and was hoping someone can give me a few pointers on how to calculate a reasonable price to submit for a tender.
I am looking at a government owned property that used to be a childcare facility, zoned Country Living. The area is intended for a low density residential development and associated ancillary development. I am thinking of converting this property to a be used as a primary residence. The property is extremely close to other shops in the area. I know what the capital value is for the property. I also know what the median house price for this area is as well as the ave growth for the area.
How do I calculate a price for reasonable success? Any advice will be greatly appreciated!
Thx
Bill
I am looking at a government owned property that used to be a childcare facility, zoned Country Living. The area is intended for a low density residential development and associated ancillary development. I am thinking of converting this property to a be used as a primary residence. The property is extremely close to other shops in the area. I know what the capital value is for the property. I also know what the median house price for this area is as well as the ave growth for the area.
How do I calculate a price for reasonable success? Any advice will be greatly appreciated!
Thx
Bill