Appraisal Report: 3/44-46 Tarrawanna Road, Corrimal by MMJ Real Estate

Market Appraisal Report

3/44-46 TARRAWANNA ROAD CORRIMAL NSW 2518 Prepared on 17th May 2022

Sale Estimate: $890,000 - $950,000 Victor & Angela Shalala V: 0421 307664 A: 04323 14164

victor.shalala@mmj.com.au

Sold Properties 1

3/113 MEADOW STREET FAIRY MEADOW NSW 2519 2 Year Built

Sold Date

Sold Price

305m2

$915,000

127m2

2006

DOM

15-Mar-22

Distance

1.32km

First Listing Buyers Guide $895,000 Last Listing Buyers Guide $895,000

19/3 MOUNTBATTEN STREET CORRIMAL NSW 2518 3 Year Built

Sold Date

Sold Price

9,448m2

$990,000

115m2

2004

DOM

07-Dec-21

Distance

1.59km

First Listing Contact Agent Last Listing Contact Agent

4/1 COOLGARDIE STREET EAST CORRIMAL NSW 2518 3 Year Built

Sold Date

Sold Price

1,016m2

$1,150,000

131m2 36

2006

DOM

14-Feb-22

Distance

1.6km

First Listing Buyers Guide $1,100,000 Last Listing Contact Agent

2/26 SPINKS ROAD EAST CORRIMAL NSW 2518 3 Year Built Sold Date

Sold Price 722m2

100m2 1

1996

DOM

13-Apr-22

Distance

1.84km

First Listing Contact Agent Last Listing Price guide $900,000

DOM = Days on market

RS = Recent sale

UN = Undisclosed Sale

data point was edited by the author of this CMA and has not * This been verified by CoreLogic

Sold Properties Map

Currently For Sale 1

2/34 THE AVENUE CORRIMAL NSW 2518 3 Year Built

284m2

2018

DOM

139m2 48 days

Listing Date 30-Mar-22 Distance Listing Price Price guide $1,100,000

3 JAMES ROAD CORRIMAL NSW 2518 3 Year Built

1,170m2

95m2 DOM

351 days

Listing Date 01-Jun-21 Distance Listing Price $890,000 - $990,000

0.26km

2/78 TOWRADGI ROAD TOWRADGI NSW 2518 3 Year Built

986m2

1980

DOM

109m2 8 days

Listing Date 09-May-22 Distance Listing Price Buyers Guide $900,000

0.12km

1.45km

2/30 PIONEER ROAD BELLAMBI NSW 2518 3 Year Built

187m2

2021

DOM

122m2 14 days

Listing Date 03-May-22 Distance 1.73km Listing Price Price Guide $790,000- $850,000

5/35-37 CALDWELL AVENUE TARRAWANNA NSW 2518 3 Year Built

2 2018

DOM

150m2 824 days

Listing Date 13-Feb-20 Distance Listing Price Price Guide $750,000*

DOM = Days on market

0.95km

* This data point was edited by the author of this CMA and has not been verified by CoreLogic

For Sale Map: Listings

The U l t i m at e Seller To Do List Your complete guide to preparing your home for a quick sale

www.mmj.com.au MMJ WOLLONGONG 02 4229 5555

Whole House Objectively evaluate every room!

Clean/replace as needed: Light switch covers Fireplace Light bulbs Front door Carpets Blinds Doors and door knobs

Interior & Exterior paint

AC/Heater vents

Dust everything: Walls Blinds Ceilings Baseboards Windows AC intake vents Ceiling fans

Make it inviting: Rearrange furniture to maximise floor space Pack up all nick knacks and figurines Prune and nurture all house plants Reduce or add house plants to a balanced number Remove any furniture that you can live without Remove all but a few decorative books from bookshelves Pack away personal family photos to de-personalise the home Reduce the amount of wall art to one or two per room Add lamps to any dark spaces to brighten the room Avoid using scented candles, sprays and plug-in air freshness Use an essential oil diffuser for a fresh and clean smelling home

Living Room & Family Rooms Maximise visual floor and wall space

Keep coffee table clear Remove any ash trays Keep furniture at a minimum Any toys should be stored out of sight Use pillows and throws to soften the space

Dining Room Minimise Furniture

Any light fitting should be at minimum 1.5 metres from the floor Keep dining table clear except for a nice centerpiece Remove extra chairs from the table and dining room

Kitchen

Clean and clear surfaces

Clear all items from kitchen counter tops

Clean tile grout, bleach if needed

Clean the stove, oven and microwave

Clear the refrigerator of magnets, pictures etc.

Repair broken or loose corners on counter tops

Replace burner parts on the stove/hotplate

Put away all mops, brooms, vacuums etc.

Empty the garbage

Remove any pet food/water dishes before showing

Organize pantry to look neat and tidy

Box up any dishes and cooking supplies

Scrub/polish the sink

Bedroom

Make your bed and stow your stuff

Make beds daily Invest in new bedspreads Clear off bedside tables, dresses etc. Store daily necessities in drawers or closets Organise closets to be nice and neat Keep closet doors closed Keep all floors clear and vacuum regularly Remove all wall decor, other than tasteful art Repair any holes or damage to walls

Laundry Put it all away

Put soap and supplies in cupboard

Keep all surfaces and sink clean and empty

Use high watt bulbs to make it look brighter

Remove any and all clothing, dirty or clean

Keep floors cleared of clutter and mop regularly

Bathroom Clean and bright

Clear and clean ALL surfaces

Display a bottle of and soap or bar of soap

Purchase new towels if necessary

Coordinate all towels in 1 or 2 colours

Fold towels in thirds on towel rack

Remove all unnecessary items

Clean or replace all shower curtains

Clean any mouldy areas

Hide garbage cans and cleaning appliances

Organise cabinets to be nice and neat

Exterior

Step back and evaluate

Clean or repaint the front door if needed

Repaint the exit door and trims if needed

Replace any rotten wood on the exterior

Sweep all walkways, paves, porches and decks

Pressure wash any dirty/stained concrete

Pre-stain deck wood as required

Wash windows inside and out

Use outdoor furniture where needed

Create an inviting retreat with drapes, pillows, etc.

Yard & Garden Trim and nurture

Garage

Keep nice and neat

Prune bushes and plants to look healthy

Clean and re sweep out the garage

Do not allow shrubs or plants to block windows

Keep storage nice and neat

Weed & remove any dead plants

Repaint dirty walls

Put down fresh mulch to restore colour contrast

Pack away anything you can live without

Keep the lawn freshly mowed, edged and fertilised

TIMING IS EVERYTHING During the marketing period, MMJ will manage all aspects of the campaign from concept to completion. We will contact our comprehensive buyer databases which are unsurpassed in our region containing the largest number of active buyers! Coupled with this, our high quality advertising and open houses will ensure we capture 100% of the target market. To keep you informed we will constantly provide updates on activity, offers and feedback from the market. The following timeline is what we aim to adhere to. Premium Price Zone This is the point you will have the best understanding of the highest price possible. High Risk Zone After this point buyers assume issues with the property or overpricing.

Buyer Zone Highest buyer enquiry volume occurs in the first 14 days Days 7

Days 14

Days 21-28

Days 30+

COMMUNICATION

Communicating is important with you and any potential buyers throughout the process – and we want to get it right. We can utilise any platform you require; whether you’d like us to call, email or text, and how often you’d prefer to hear from us. During your sale campaign, we guarantee to: • Contact you via phone or face to face at least once a week. • Provide phone or text updates after every Open for Inspection • Provide written reports, summarising the week or weeks activity and buyer feedback. • Undertake buyer follow up by phone, to gauge interest and seek feedback • Ensure all buyer enquiries are satisfied within a 24-hour period • Undertake all private inspections outside business hours and to suit buyer schedules • Distribute buyer matching emails to our extensive database of contacts.

THE Selling ROAD MAP

This checklist of essential marketing and preparation-for-sale tasks and actions will help guide you through the whole process.

As you can see, we take care of everything but we thought you might appreciate knowing what actually needs to happen to bring your property to market and negotiate a successful result on the best possible terms. We’ll also be in regular contact during the campaign to give you updates and let you know about open house times and other appointments if required. www.mmj.com.au MMJ WOLLONGONG 02 4229 5555

What Happens Next? 1.

Signing the agreement activates our service.

We will then prepare a list of features and benefits of your property.

We’ll give you a checklist to help you prepare your home for sale.

We’ll book a photography session.

We’ll advise your legal representative to prepare all necessary documentation.

Keys obtained, tagged and registered in office.

Our marketing department gets to work.

All required marketing for our media release and on-going advertising will be booked.

We send a text to our data base of buyers informing them of your property.

10.

Signage arranged.

11.

A team visit is arranged at a time that suits you.

12.

We begin to receive buyer interest and qualify buyers to prepare for viewing.

13.

We target surrounding local residents to generate interest.

14.

We launch our media release promoting your property.

15.

We give you written updates regarding buyer feedback and any offers.

16.

We negotiate with buyers and document the best possible outcome.

17.

We seek your advice and authority during ALL negotiations.

18.

All documentation required is signed by both parties.

19.

We put a sold sticker on your sign.

20.

Your sale proceeds after agreed costs are paid to your nominated account.

With a successful sale behind you, you’re now free to move ahead to the next stage. If we can assist by recommending moving companies, please let us know. The best companies are usually booked well ahead so it might be wise to book someone as soon as you can. In today’s competitive real estate industry the only indication we have that we are completely qualified to sell real estate is your satisfaction and testimonial. Any positive feedback you can give us to use in our marketing is genuinely appreciated.

LET’S WORK TOGETHER Should we be nominated as your agent the following is a basic timeline of pre-campaign events.

01 Prepare documentation

• Sign and authorise the agency agreement; a copy will be sent to you for your records. • Review, discuss and approve the marketing campaign and schedule. • We will instruct your nominated solicitor to prepare the contract of sale.

02 Prepare your home

• We can help you organise property maintenance (cleaners and other trades). • Co-ordinate property styling • We book photography, copywriting and marketing, as per the agreed timeline.

03 Prepare your marketing

• We will send a preview link with photos, floor plan and copy for your review. • Marketing will be prepared as per the agreed marketing schedule. • Once your property is launched to market, an e-newsletter will be sent to relevant buyers on our extensive database.

If you have any questions about your sale, or anything included in this presentation, please contact us.

MARKETING CAMPAIGN BUDGET

I will composed a specific Marketing Campaign to reach our Target Market of Investors and First Home Buyers in the most cost effective way, without compromising the professional look and feel…

Combined years of real estate experience

Few agents can equal Victor & Angela’s experience, local knowledge and reputation as an astute real estate advisor in the Illawarra having been in the industry since 2000. After owning our own real estate office in Wollongong for over 10 years, we bring a wealth of expertise to MMJ. With an extensive database of buyers and skills as a negotiator, we often exceeds our clients’ expectations when it comes to the sales result. We hold communication as paramount and we are seasoned professionals who have worked across several sectors including residential, commercial, projects and developments. We thoroughly enjoys the close community lifestyle of the Illawarra and are active members of the community. We have called Cordeaux Heights home, where we have raised our family and have formed close neighbourly friendships Victor’s polished negotiation skills and proactive approach have contributed to him establishing a loyal client base and contributed to the many accolades in his career. Angela’s accountancy background is reflected in her amazing attention to detail and her communication is second to none. Our consistent repeat and referral business is a testament to our success.

We invite you to take advantage of our experience and profit from our knowledge

Your Teams

MARKET-LEADING NATIONAL SERVICE LINES

How can we help you? View more information and explore all our services and office locations online. mmj.com.au

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Disclaimer

Contains property sales information provided under licence from the Land and Property Information (“LPI”). RP Data Pty Ltd trading as CoreLogic is authorised as a Property Sales Information provider by the LPI. The Appraisal Amount contained in the report may have been manually provided by the Agent; or may be based on an automated valuation model estimate provided by CoreLogic ('AVM Estimated Value'). AVM Estimated Values are current at the date of the publication only. It is computer generated and is not a professional appraisal of the subject property and should not be relied upon in lieu of appropriate professional advice. The accuracy of the methodology used to develop the AVM Estimated Value, the existence of the subject property, and the accuracy of the AVM Estimated Value and all rule sets provided are estimates based on available data and are not guaranteed or warranted. CoreLogic excludes all liability for any loss or damage arising in connection with the Appraisal Amount and/or AVM Estimated Value. Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.