Valuation Qs - property next to you will have more impact than one further?

Discussion in 'Property Investment - Other' started by EN710, 14th May, 2015.

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  1. EN710

    EN710 Member

    Joined:
    10th Dec, 2011
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    1,050
    Location:
    Sydney, NSW
    Curious question. Would a comparable unit next/ below have more impact on your unit valuation compared to the one in the next suburb?

    Similar suburbs - easy access to transport and shopping centre.

    Let's say the last month sales data looks like this (all relatively new build)

    • Unit below you 1 bed 1 study $700K
    • Unit building next to you 1 bed 1 study $680K
    • Another unit below you 1 bed only $550K
    • Next suburb Unit higher level 1 bed 1 study 630K
    • Next suburb Unit lower level 1 bed 1 study 615K
    • Next suburb Unit lower level 1 bed $575K

    Would the units within the complex set a higher valuation?