national property buyers - australian buyers' agents
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Page 1 of 19National Property Buyers Pty Ltd ABN 42 429 453 633
Linfox House, Level 4, 493 St Kilda Rd Melbourne Victoria 3004Phone: 1300 500 555 Email: enquiries@nationalpropertybuyers.com.auwww.nationalpropertybuyers.com.au
Property & Price Analysis
for
71 Fromer St Bentleigh
3 1 612sqm
SAMPLE ONLYPlease note that this Property & Price Analysis is a sample only and theinformation contained w ithin is for demonstration purposes only and is
not to be relied upon or used to purchase any property.
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Page 3 of 19National Property Buyers Pty Ltd ABN 42 429 453 633
Linfox House, Level 4, 493 St Kilda Rd Melbourne Victoria 3004Phone: 1300 500 555 Email: enquiries@nationalpropertybuyers.com.auwww.nationalpropertybuyers.com.au
Auction date: Saturday 21 May 2011
Auction time: 12.30pm
Agency: Buxton
Agent: Chris Agent
Quote: $700,000-$750,000
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Page 4 of 19National Property Buyers Pty Ltd ABN 42 429 453 633
Linfox House, Level 4, 493 St Kilda Rd Melbourne Victoria 3004Phone: 1300 500 555 Email: enquiries@nationalpropertybuyers.com.auwww.nationalpropertybuyers.com.au
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 businessdistrict. 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 stripshopping centre of over 250 retail businesses,[5] with afocus on fresh food, continental delis and cake shops andcafes. Its schools are Our Lady of the Sacred HeartCollege, Bentleigh West Primary School,and St. Paul'sPrimary School.
Source: w ww . r ea les t a t ev i ew . com .au Source: www.w i k i ped ia . 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. r ea les t a t ev i ew . com .au
What is the median price? The median price is the middle price in a series of sales. For example, if 15 sales arerecorded in a suburb and arranged in order from lowest to highest price, the 8 th sale price is the median price. In caseswhere there are an even number of sales in a suburb, the median is the average of the middle two prices.
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Page 5 of 19National Property Buyers Pty Ltd ABN 42 429 453 633
Linfox House, Level 4, 493 St Kilda Rd Melbourne Victoria 3004Phone: 1300 500 555 Email: enquiries@nationalpropertybuyers.com.auwww.nationalpropertybuyers.com.au
Amenities
Transport
Shops
School
Park
Area & Position Summary
Key POORAVERAGEGOOD
Distance to CBD Parks
Access to CBD Street
Historical Growth Neighbours
Transport Traffic Shops Views
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Page 6 of 19National Property Buyers Pty Ltd ABN 42 429 453 633
Linfox House, Level 4, 493 St Kilda Rd Melbourne Victoria 3004Phone: 1300 500 555 Email: enquiries@nationalpropertybuyers.com.auwww.nationalpropertybuyers.com.au
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.
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Page 7 of 19National Property Buyers Pty Ltd ABN 42 429 453 633
Linfox House, Level 4, 493 St Kilda Rd Melbourne Victoria 3004Phone: 1300 500 555 Email: enquiries@nationalpropertybuyers.com.auwww.nationalpropertybuyers.com.au
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.
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Page 8 of 19National Property Buyers Pty Ltd ABN 42 429 453 633
Linfox House, Level 4, 493 St Kilda Rd Melbourne Victoria 3004Phone: 1300 500 555 Email: enquiries@nationalpropertybuyers.com.auwww.nationalpropertybuyers.com.au
Planning & Zoning
Planning Property ReportFrom 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.
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Page 9 of 19National Property Buyers Pty Ltd ABN 42 429 453 633
Linfox House, Level 4, 493 St Kilda Rd Melbourne Victoria 3004Phone: 1300 500 555 Email: enquiries@nationalpropertybuyers.com.auwww.nationalpropertybuyers.com.au
Planning Overlay
DEVELOPMENT CONTRIBUTIONS PLAN OVERLAY (DCPO)DEVELOPMENT CONTRIBUTIONS
PLAN OVERLAY - SCHEDULE 1 (DCPO1)
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Page 10 of 19National Property Buyers Pty Ltd ABN 42 429 453 633
Linfox House, Level 4, 493 St Kilda Rd Melbourne Victoria 3004Phone: 1300 500 555 Email: enquiries@nationalpropertybuyers.com.auwww.nationalpropertybuyers.com.au
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.
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Page 11 of 19National Property Buyers Pty Ltd ABN 42 429 453 633
Linfox House, Level 4, 493 St Kilda Rd Melbourne Victoria 3004Phone: 1300 500 555 Email: enquiries@nationalpropertybuyers.com.auwww.nationalpropertybuyers.com.au
Land Summary
Key POORAVERAGEGOOD
Zoning Slope
Size Orientation
Frontage Fencing
Privacy Car Access
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Page 12 of 19National Property Buyers Pty Ltd ABN 42 429 453 633
Linfox House, Level 4, 493 St Kilda Rd Melbourne Victoria 3004Phone: 1300 500 555 Email: enquiries@nationalpropertybuyers.com.auwww.nationalpropertybuyers.com.au
BUILDING
Family room Lounge
Kitchen and meals Master bedroom
Back yard Decked verandah
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Page 13 of 19National Property Buyers Pty Ltd ABN 42 429 453 633
Linfox House, Level 4, 493 St Kilda Rd Melbourne Victoria 3004Phone: 1300 500 555 Email: enquiries@nationalpropertybuyers.com.auwww.nationalpropertybuyers.com.au
Floor plan
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Page 14 of 19National Property Buyers Pty Ltd ABN 42 429 453 633
Linfox House, Level 4, 493 St Kilda Rd Melbourne Victoria 3004Phone: 1300 500 555 Email: enquiries@nationalpropertybuyers.com.auwww.nationalpropertybuyers.com.au
Building Summary
Key POORAVERAGEGOOD
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 Bathroom
Quality Kitchen
Meals area Ceiling height Size Number
BIR/WIR Size
Master
bedroom
Ensuite Other
bedrooms
BIRs
Number Access
Size Size Living
area
Position Outdoor
area
Position
Size Levels
En
try
Position Floor
Condition
Size Storage
Laundry
Position Floor plan
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Page 15 of 19National Property Buyers Pty Ltd ABN 42 429 453 633
Linfox House, Level 4, 493 St Kilda Rd Melbourne Victoria 3004Phone: 1300 500 555 Email: enquiries@nationalpropertybuyers.com.auwww.nationalpropertybuyers.com.au
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
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Page 16 of 19National Property Buyers Pty Ltd ABN 42 429 453 633
Linfox House, Level 4, 493 St Kilda Rd Melbourne Victoria 3004Phone: 1300 500 555 Email: enquiries@nationalpropertybuyers.com.auwww.nationalpropertybuyers.com.au
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
Beds 3 Baths 1 Land 610 Beds 2 Baths 1 Land 761
Floor plan Floor plan
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Page 17 of 19National Property Buyers Pty Ltd ABN 42 429 453 633
Linfox House, Level 4, 493 St Kilda Rd Melbourne Victoria 3004Phone: 1300 500 555 Email: enquiries@nationalpropertybuyers.com.auwww.nationalpropertybuyers.com.au
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
Beds 3 Baths 1 Land 597 Beds 3 Baths 1 Land 685
Floor plan Floor plan
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Page 18 of 19National Property Buyers Pty Ltd ABN 42 429 453 633
Linfox House, Level 4, 493 St Kilda Rd Melbourne Victoria 3004Phone: 1300 500 555 Email: enquiries@nationalpropertybuyers.com.auwww.nationalpropertybuyers.com.au
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 goodcondition 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 toat least $760,000 and with a bit of competition could get up to around $785,000.
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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.
How ever you still be making the final decision in relation to the price you pay and you
w ill 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, lets discuss the next steps.
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