Property Buyers Agents Australia

of 19 National Property Buyers Pty Ltd ABN 42 429 453 633

Linfox House, Level 4, 493 St Kilda Rd Melbourne Victoria 3004 Phone: 1300 500 555 Email: [email protected]

www.nationalpropertybuyers.com.au

Property & Price Analysis

for

71 Fromer St Bentleigh

3

1

612sqm

SAMPLE ONLY

Please note that this Property & Price Analysis is a sample only and the information contained within is for demonstration purposes only and is

not to be relied upon or used to purchase any property.




Prepared for

John & Joanne Butcher

Prepared by

Antony Bucello

of

National Property Buyers Licensed Estate Agents

Linfox House, Level 4, 493 St Kilda Rd Melbourne Victoria 3004 Telephone: 1300 500 555

Email: [email protected]

PLEASE NOTE

The purpose of this property and price analysis is to provide you with essential information in order for you to be able to decide how much you are willing to pay for the property. It is in a format that is logical and easy to digest and covers the main areas of property. It is intended solely for the addressee, whose names appear on this page. Wherever possible, we verify information for its accuracy, however some data contained within this report can be inaccurate for a number of reasons including the source from where the information was received. Any one piece of information should not be relied upon on its own and any queries should be directed to the Buyer Advocate who prepared this report on your behalf for discussion and clarification. This property and price analysis is not a sworn valuation. Quality of photos may vary depending on source.




Auction date: Saturday 21 May 2011Auction time: 12.30pm

Agency: BuxtonAgent: Chris AgentQuote: $700,000-$750,000




AREA & POSITION

Suburb BENTLEIGH

Postcode 3204

Local Government Area GLEN EIRA

Bentleigh is a suburb in Melbourne, Victoria, Australia, 12 km south-east from Melbourne's central business district. Its Local Government Area is the City of Glen Eira. At the 2006 Census, Bentleigh had a population of 14,271.

Bentleigh is home to Alnutt Park, Victory Park, Halley Park, and Bentleigh Memorial Gardens. Centre Road is a strip shopping centre of over 250 retail businesses,[5] with a focus on fresh food, continental delis and cake shops and cafes. Its schools are Our Lady of the Sacred Heart College, Bentleigh West Primary School,and St. Paul's Primary School.

Source: www.realestateview.com.au Source: www.wikipedia.com.au

Median Prices as at March 2011

Median Price Neighbouring Median Prices Lower Quartile $797,500 Bentleigh East $715,000

MEDIAN $876,000 McKinnon $1,000,000

Upper Quartile $1,022,500 Brighton East $1,250,051

Source: www.realestateview.com.au What is the median price? The median price is the middle price in a series of sales. For example, if 15 sales are recorded in a suburb and arranged in order from lowest to highest price, the 8th sale price is the median price. In cases where there are an even number of sales in a suburb, the median is the average of the middle two prices.




Amenities

Transport

Shops

School

Park

Area & Position Summary

Key POOR AVERAGE GOOD

Distance to CBD Parks

Access to CBD Street

Historical Growth Neighbours

Transport Traffic

Shops Views




LAND

Source: REIV MapIt. Please note, information is from REIV website only and has not been confirmed by a surveyor. All measurements need to be confirmed by title.




Source: REIV MapIt. Please note, information is from REIV website only and has not

been confirmed by a surveyor. All measurements need to be confirmed by title.




Planning & Zoning

Planning Property Report

From www.dpcd.vic.gov.au/planning on 25 May 2011 09:32 AM

Address: 71 FROMER STREET BENTLEIGH 3204

Lot / Plan: Lot 37 LP12998

Local Government (Council): GLEN EIRA Council Property Number: 50828

Directory Reference: Melway 77 G3

Planning Zone

RESIDENTIAL 1 ZONE (R1Z) SCHEDULE TO THE RESIDENTIAL 1 ZONE

Note: labels for zones may appear outside the zone boundary - please compare the labels with the legend.




Planning Overlay

DEVELOPMENT CONTRIBUTIONS PLAN OVERLAY (DCPO)DEVELOPMENT CONTRIBUTIONS PLAN OVERLAY - SCHEDULE 1 (DCPO1)




Note: due to overlaps some colours may not match those in the legend.

Further Planning Information

Planning scheme data last updated on 19 May 2011.

A planning scheme sets out policies and requirements for the use, development and protection of land.

This report provides information about the zone and overlay provisions that apply to the selected land. Information about the State, local, particular and general provisions of the local planning scheme that may affect the use of the land can be obtained by contacting the local council or by visiting Planning Schemes Online

This report is NOT a Planning Certificate issued pursuant to Section 199 of the Planning & Environment Act

1987. It does not include information about exhibited planning scheme amendments, or zonings that may abut the land.

To obtain a Planning Certificate go to Titles and Property Certificates

For details of surrounding properties, use this service to get the Reports for properties of interest

To view planning zones, overlay and heritage information in an interactive format visitPlanning Maps Online

For other information about planning in Victoria visit www.dpcd.vic.gov.au/planning

Copyright © - State Government of Victoria Disclaimer : This content is provided for information purposes only. No claim is made as to the accuracy or authenticity of the content. The Victorian Government does not accept any liability to any person for the information provided. Read the full disclaimer at www.land.vic.gov.au/disclaimer

Source: www.land.vic.gov.au. Please note, information is from government website only and has not been confirmed by a surveyor. All measurements need to be confirmed by title.




Land Summary


Zoning Slope

Size Orientation

Frontage Fencing

Privacy Car Access




BUILDING

Family room Lounge

Kitchen and meals Master bedroom

Back yard Decked verandah




Floor plan




Building Summary


Exterior Street presence Noise

Dwelling Car accomm.

Construction Shed

Position on block Shape

Number on block Roof

Condition

Interior

Size Number

Position Size

Quality Position

Appliances

Bat

hro

om

Quality

Kitch

en

Meals area Ceiling height

Size Number

BIR/WIR Size

Mas

ter

bed

room

Ensuite

Oth

er

bed

room

s

BIRs

Number Access

Size Size

Livi

ng

area

Position Outd

oor

area

Position

Size Levels

Entr

y

Position Floor

Condition

Size Storage

Laundry

Position Floor plan




PRICE ANALYSIS

Comparable Sales

Date April 2011 Date April 2011

Agent Buxton Agent Hocking Stuart

Price $740,000 Price $765,000

Address 60 Patterson Rd Bentleigh

Address 27 Atkinson St Bentleigh

Beds 3 Baths 1 Land 690 Beds 3 Baths 1 Land 710

Floor plan Floor plan




Comparable Sales

Date March 2011 Date March 2011

Agent Buxton Agent Buxton

Price $733,000 Price $735,000

Address 12 Dickens St Bentleigh

Address 25 Daley St Bentleigh






Comparable Sales

Date March 2011 Date March 2011

Agent Woodards Agent Woodards

Price $760,000 Price $790,000

Address 10 Auckland St Bentleigh

Address 77 Mortimore St Bentleigh






Location of Comparable Sales

60 Patterson Rd

Bentleigh

27 Atkinson St

Bentleigh

12 Dickens St

Bentleigh

25 Daley St

Bentleigh

10 Auckland St

Bentleigh

77 Mortimore St

Bentleigh

Additional Comments

This is a very good property and meets the requirements you have indicated. It is in very good condition for its age and has potential for improvement and extension later on if you desire. Independent building and pest inspections have also confirmed the property is structurally sound. The best comparable sales above are: 27 Atkinson St Bentleigh - $765,000 10 Auckland St Bentleigh - $760,000 77 Mortimore St Bentleigh - $790,000 These properties have similar size land, house and are in similar positions. Anything under $760,000 would be great buying for 71 Fromer St however I expect it to get to at least $760,000 and with a bit of competition could get up to around $785,000.




ESTIMATED BUY RANGE

$760,000 to $785,000

Note: Vendor expectations or competition from other buyers who have placed a higher value on this property may take the purchase price outside our range.

We have scrutinized all of the information in relation to the Area, Position, Land and Building sections, the relevant comparable sales data, current market conditions and discussions with the selling agent, we have provided you with a range which we believe will be required in order to secure the property. Please note that while the estimated buy range we have provided is our professional and educated opinion, the price the vendor asks for their property does not have to correspond to it. They are allowed to ask for whatever price they like. In addition, other purchasers may be prepared to pay considerably more than what we believe to be the fair and reasonable value of the property. For example, a developer or someone buying a neighbouring property. Some people may be prepared to pay a lot more than most others would consider reasonable. We give you our opinions and recommendations which has been verified with research. Our opinions do not contain any emotional attachment to the property and also take into account what you have told us to be your requirements. However you still be making the final decision in relation to the price you pay and you will carry the risk that is associated with that decision. We may have already discussed a number of things but we will need to work out the following: Do you want to have a building and/or pest inspection completed? Do you have 10% readily accessible for the deposit? What settlement terms do you want and what terms does vendor want? What is your ceiling price for this property - at what level are you willing to walk away? Once you have had a chance to digest all of the information above, let’s discuss the next steps.

Property Buyers Agents Australia

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