Hey Folks,
My neighbour's property has recently sold to an investor. The purchaser is also interested in purchasing mine (family home that we're happy to move from in the long run anyway), because I pointed out to them that if someone owns both titles it is entirely possible to build another home on the gap between our houses, although neither individual owner can currently take advantage of it.
My question is about how I can ascertain a fair and reasonable sale price for my house - made up of value of the current home, which would be market price on the local market, which is straight forward to ascertain - but would also include the additional value that the purchaser would realise by owning both properties in order to build a brand new house in between.
Location is Papakura, Auckland, realised section would be 400sqm, flat section, easy access to services.
Any guidance would be much appreciated.
Thanks in advance,
Michael
My neighbour's property has recently sold to an investor. The purchaser is also interested in purchasing mine (family home that we're happy to move from in the long run anyway), because I pointed out to them that if someone owns both titles it is entirely possible to build another home on the gap between our houses, although neither individual owner can currently take advantage of it.
My question is about how I can ascertain a fair and reasonable sale price for my house - made up of value of the current home, which would be market price on the local market, which is straight forward to ascertain - but would also include the additional value that the purchaser would realise by owning both properties in order to build a brand new house in between.
Location is Papakura, Auckland, realised section would be 400sqm, flat section, easy access to services.
Any guidance would be much appreciated.
Thanks in advance,
Michael
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