Working out value of a unit block

[TILT]

I have trouble putting a value on small blocks of residential units. 6 to 12 units
Is there some sought of rough equation i can use combining, land value, building value,return to give me an idea of value?

 

[DaveM]

One title or strata?

 

[Rolf Latham]

depends on the USE or purpose of the valuation, and the location of the stock

Assuming one title.....

For finance purposes, for a 4 to 6 pack, most valuers will try comparable sales methodology, for 12 we are into capitalisation or rental rtn style valuations.

ta
rolf

 

[TILT]

Dave Strata

 

[Rolf Latham]

Dave Strata

Individual comparable sale minus 10 to 15 % is a normalish discount for established "in one line" sale for finance purposes

ta
rolf

 

[Beau Lyon]

If they've already been strata titled why are they being sold as a whole block? Progressive individual sales should return better prices.