ADVANCE AUSTRALIAN PROPERTY VALUATION Report: Finance

This valuation report assesses the market value of a commercial property located at 1 Any Street, Australia. The report, prepared by Preston Rowe Paterson, provides a detailed analysis of the property, including its description, zoning, improvements, and risk assessment. The valuation process considers factors such as land value, improvements, and market conditions, ultimately arriving at a market value of $1,450,000. The report also includes an insurance estimate, rental estimate, and terms and conditions. The analysis uses the direct comparison approach to determine the property's value, considering the property's location in Paddington, its features, and the current market trends. The report emphasizes the importance of understanding market dynamics and property characteristics in the valuation process, providing a comprehensive overview of the property's worth.

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AUSTRALIAN PROPERTY VALUATION
Student’s Name
Professors Name
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ADVANCE AUSTRALIAN PROPERTY VALUATION
The paper is a valuation report that will undertake a valuation of a selected commercial
property that is specifically based in Australia. The outcomes of the valuation process will also
be analyzed in a comprehensive in-depth. The primary purpose of the paper is to gain knowledge
on how to undertake a valuation of the examined specialized property in the form of a
specialized report. The term property valuation is used to refer to an art and science that is used
in estimating the value for a specified purpose of a particular interest regarding the property at a
particular moment in time (Baum, Mackmin & Nunnington 2012). Subsequently, the process
should take into account all features of the identified property as well as consider all the
underlying economic factors of the market (Parkinson & Cooke, 2012). Market value, on the
other hand, is the estimated amount for which an asset should exchange on the specific date of
valuation between both a willing seller and a willing buyer (Diewert & Shimizu 2013). Also, the
transaction is considered legal in an arm’s length transaction after property marketing when each
of the mentioned parties had acted prudently, knowledgeable as well as without any form of
pressure. Industrial property, on the other hand, is used exclusively for industrial purposes. It
comes in different shapes and sizes as well as also covers a huge range of business types.
The Valuation Report
Property Address: 1 Any Street, Any Town, Old 4064
The date of the Valuation: 20th August 2014
Contacts: Preston Rowe Paterson
GPO Box 1256
Brisbane QLD 4000
T + 61 73846 2822

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F [phone]
www.prpaustralia.com.au
Corporate Property Services:
Transaction advisory
General as well as insurance valuation
Property market and economic research
Property as well as asset management
Real estate investment valuation
Listed property trust and syndicate advisors
The Directors: Brian Thomson (prop studies) AAIP No. 2450, M0419027023
[e-mail]
The liabilities are countered by a scheme overseen by the professional standard
legislation
Prepared for: RP Domestic Hub- Long Form
Instructing party: RP Domestic Hub- Long Form
Customer: Peter Kerry
The property description regarding type: The property is a single detached House
Our Reference: 4078631
You’re Reference: 1074986
This valuation report has been organized and prepared in response to an instruction from
Valuation Exchange and RP Domestic Hub.
A brief description of the property: The dwelling can be considered as amongst the
houses that have the best high-quality fixtures and fittings as well as an in ground pool at the

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rear. The property is also fully refurbished and is an extended part of a four level timber dwelling
that is erected on a 405m2 allotment. For those with a particular interest in a perfect view of the
city skyline, the front balcony and the living room comfortably suit this beautiful scenery.
The Site Area: 400m2
Zoning: Residential Area
General comments: The position of the property makes it the most convenient and
quality dwelling in a popular inner city location.
The terms of reference:
We have conducted this valuation with specific regards to the following,
All valuations are valid for approximately 3 months from the set date of valuation. The
primary attempt is to access the current market value of the freehold for the purposes or pre-
chase and that the opinion of the value that has been reflected in this report is a product of a
valuer who has undertaken the valuation process by the expected legal standards.
Date of Inspection: 20th August 2014
Date of Valuation: 20th August 2014
Land Value Estimation: $750, 060
Improvements: $700 000
The Market Value: $1, 450, 000
Valuers Signature:
Definition: With particular regards to instructions, the valuation report will summaries a
current market valuation for pre-purchase. Technically, the API which is the Australian Property
Institute adopted the international definition of the concept of market value.
The Land Details

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Title details: Unfortunately, the subject title was not readily available and the valuation
report was therefore made subject to the land.
Registered proprietor: ABCDEFP Ltd
The dimensions of the land: Approximately regular in the ship, 10m frontage * 40.5-
meter depth.
Encumbrances
Regarding the subject title, it was not available and not searched. The valuation is thus
made subject to the land, and the title is free of any related encumbrances or any other planning
restrictions which may detrimentally affect the general valuation of the land. Improvements, in
this case, are also correctly situated.
Topography
The site of the subject is regular regarding shape. The property is also reassured parity
Services. Situated above a road height as well as a steep slope falling from the near
boundary to the road frontage. Also, one important issue to also point out is that the land with the
pool has been leveled.
The property has several connected services that are connected to mains water,
electricity, telephone as well as sewerage.
Town Planning:
The involved Planning constraints
Zoning: the property is zoned as a Character Residential Area. The pictures at the end of
the report will contain a copy of the zoning map of the property.
Conforms: Single dwelling is beneficial for use under this zoning.

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The Highest and Best Use: currently, the use of a single residential dwelling is classified
as the highest as well as the best use of the site.
Environmental issues
This level was determined by the use of ESA which is the Environmental site assessment.
The test is to be carried out in the soil as well as ground water only under present circumstances.
For the specific case property, we are not informed of the availability of such related test.
Technically, reasonable inquiries have been made if indeed the valuer identifies the potential
challenge that exists as a result of the land occupiers contaminating the land (Ling & Archer
2012). Subsequently, this cuts across all occupants, be it present or past occupants. When an
affected land is noticed, however, it is important to acknowledge that no other research has been
conducted by the valuer to lead to the contamination of land (Isaac & O'Leary 2013). If
following our valuation, it is found out that contamination exists, this impacts the valuation
process more seriously, and hence the valuation should be traced or referred to back to the valuer
for reassessment and comments of the valuation. In connection, our valuation was carried out
based on the assumption that the land was in good condition and had not been contaminated or
affected in any way. According to the Queensland Environmental Protection Act which was
amended in February 2009, there exist stipulated hierarchy of liable persons for the exclusive use
through administering authority for the issuance of any notice.
Notably, Preston Rowe Paterson is not the very best in identifying environmental hazards
as well as the compliance requirements that directly impact the properties. In relation, as we
attempt to get hold of all matters relating to environmental concerns and the effect that this may
have on the value of the case study property. We also accept no liability for the lack of ability to
identify such matters of environmental concerns and the impact that the related issues may have

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on the general process. Relatively, the cost linked with the cleanup of the property in which an
environmental hazard has been determined an inclusive of the action by Environmental
Protection Authority whose primary aim is to recover the cleanup cost
The location
Paddington is an inner city suburb, local schools, as well as shops, are located within 500
meters, it is in some 4km North West of the Brisbane and bus services are also found within
proximity
The property is located on the western side of the street Any Street which is south of the
intersection with another junction.
The surrounding has features such as development features pre-war timber colonial
cottages and semi-modern as well as the new contemporary stylish house.
The location in a road map
Improvements
Dwelling Description
As per now, improving the property is a fully refurbished and extended part four timber
erected on a 405m2 allotment.
Construction
The basic construction details include the following:
Floors Timber & Concrete
Internal ceilings Plasterboard
Internal wall plasterboard
Roofing Corrugated Metal.
Accommodation

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The property holds an accommodation of 2 bathrooms, a laundry room, power front
balcony and double garage and storage.
Fixtures and Features
Ducted A/C, mixture recessed and attractive light fittings, timber polished floors and also
walk in the robes to the main bedroom.
PC Items
Under the PC items, the property has aspects that as the kitchen, lacquered cupboards, $$
range hood and dishwasher and stone bench tops.
Other improvements
Improvements include aspect of in ground pool/fencing timber and security, and it gets
me the more the needs to achieve the set of its objectives
Component Area m2 (approx)
Living Areas 175m
Outdoor Areas 22m
Garage & Storage 55
Condition
At the time when we carried out this inspection, the improvements manifested themselves
to be in perfect conditions. It is, however, important to point out that no warranty is issued as to
the standard of any relevant improvements. Also, we have not surveyed the current conditions of

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the improvement. Because some parts of the property were unexposed and inaccessible, not
much can be said if such areas are indeed from variables such as defects.
Based on our superficial inspection with no single item of despair noted down, the
building was presented in good condition. As a structural expert, I can certify that the structural
soundness of the improvements are indeed authentic and the readers of this report should also
seek extensive knowledge to make their own informed decisions based on the statistics available.
The risk analysis
Just as in any other property, the case study property has appropriate risk ratings that can
be analyzed in the report
Propert
y Risk
Rating
1
1
2
2
3
3
4
4
5
5
Mar
ket
Risk
Rati
ngs
1 1
1
2
2
3
3
4
4
Locati
on and
Neighb
orhood
2
2
*
*
Mar
ket
Dire
ction
3
3
* *
*
Land 2
2
*
*
Mar
ket
Vola
tility
2
2
* *
*
Enviro
nmenta
l issues
2
2
*
*
Loca
l
Econ
omy
Impa
ct
2
2
* *
*
Improv
ement
2
2
*
*
Mar
ket
Seg
ment
cond
ition
s
2
2
* *
*

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Comments
The property has a refurbished and an extension part four level timber dwelling which
was erected on a 405m allotment. The dwelling technically has a high-quality fixture and fittings
as well as an in ground pool at the rear space. Also, the property is magnificent since it has an
easterly aspect which in return offers good views of the city of the skyline from the top of the
front balcony as well as the living area. The market for the property and housing generally in
Paddington has been progressively slow for the past 18 months. Simply put, the sales activities
were particularly low in the second half of 2011 (Salvo, Ciuna & De Ruggiero 2014). One
primary change that has revolutionalized the industry is that since the beginning of 2012, the
buyers in the high-value segment did improve massively. In relation, the worth of the values has
made the prices remain stable.
Valuation Approach
The best approach to use in this case study is the use of direct comparison which was
dominantly utilized to undertake the valuation.
The market value of the subject property is as follows:
Land Value: $750000
Improvements $700000
Market valuation $1, 45000
Insurance Estimate

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From the results of our findings, we recommend an insurance cover on the grounds of
improvements and replacement basis presuming cost escalation between the policy renewal
dates, technically, that sums up to $850,000
Rental Estimate
The rental income is estimated to be $800-$1000 per week; this calculation is based on
the rental evidence that exists around the area.
Terms and conditions
I at this moment certify that based on our knowledge, the statements in this valuation
report are authentic and hence do not have any present or future contemplative interest in the
valued property. The updates are current, and the value assessed could change significantly over
a short period as a result of general market movements or any other specific factor that could
directly influence the property. We do not accept liability for losses that may arise from the
changes mentioned regarding value, to be more exact, liability can be terminated after the expiry
of the three months from the time the valuation was released.
Valuers Signature
Conclusion
In conclusion, the valuation is as current as the date of the valuation. Technically, the
value assessed in the context may change significantly over a short period as a result of different
variables (Blackledge 2016). In relation, it is important for the relevant stakeholders to take keen
notice of the changes that accompany the opinions expressed in the report. Liability especially
the once that arise from such changes regarding value will not be accepted by the professional
indemnity insurance that stipulates that all valuations should only be valid for six months
(Bokhari & Geltner 2016). Simply put, any party or stakeholder that is authorized to rely on the

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information given in the report should take up the responsibility of the need to review the
concepts frequently (Almy 2014). Also, reliance on this document should be taken upon sighting
the original document that holds the signature of the valuer as well as a counter sign by the
director of Paterson Queensland Pty Ltd (Millington 2013). In this case, the counter signature
plays the role of verifying that the report is indeed genuine and is endorsed by the Preston Rowe
Paterson Queensland Pty Ltd. Technically, the valuation report is comprehensive, and a must
have for all major stakeholders in Australian property valuation.
Pictures of 1 Any Street, Any Town, Old 4064
Back View
Front View