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Property Valuation Appraisal Property: 8 Island Close, Swadlincote, DE11 8HF Plot & Development: Plot 72, Woodcroft Proposal: Part Exchange/Assisted Move
The UK’s Largest Independent Part Exchange & Assisted Move moving-madeeasy.co.uk
Specialist
Property Valuation Advice You Can Trust This report provides all the information required to determine the likely resale value of this property. We have diligently researched all pertinent factors affecting this property and investigated in depth the local market place, including comparables of ‘for
Customer: Mr & Mrs John Smith
sale’ and sold STC homes. We have also asked at least two local estate agents
Contact:
to physically inspect the property and
Nicola Johnston
give us their opinions on the condition, location and value.
Confidence
Subject Property: 8 Island Close, Swadlincote, DE11 8HF
Be assured that this report has been produced by an experienced staff member with many years of both property industry and practical valuation experience. You can have confidence that every
Plot & Development: Plot 72, Woodcroft
Moving Made Easy Property Valuation
Attention of:
Appraisal contains the highest degree of
Dave Arch
property valuation expertise.
Proposal: Part Exchange/Assisted Move
Simply selling homes.
Photographs & Description
4
Address
8 Island Close, Swadlincote, DE11 8HF
Description
2002 built 4 bedroom detached house
Accommodation
Entrance hall, guest cloakroom, lounge, dining room, study, kitchen, conservatory, 4 bedrooms, ensuite and family bathroom.
Photographs
Lounge
Kitchen
Dining Room
Bedroom 1
Bedroom 2
Study
Bathroom
Ensuite
Garden
5
Property Overview Construction
Standard construction
Tenure (and lease details if applicable)
Freehold
Listed
No
Main residence
Yes
Extensions/major improvements
Significantly extended with planning permisson
Parking
Driveway, no garage
Windows
uPVC double glazed units
Heating type
Gas combination boiler
Gardens
Front block paved for parking, rear paved patio area and separate lawned area.
Internal condition
Good
External condition
Good
Decorative finish
Very modern fittings, in excellent condition throughout.
Customer Data Original purchase date and price paid
22nd November 2002 - £135,000
Outstanding mortgage and lender
£125,000: Natwest Bank
Financially qualified Occupied by
Evolve Vendor
Property on market
No
Vendor’s expectations
£320,000
Based on
Recent private valuation
Disclaimer: Moving Made Easy advise that tenure particulars and required consents or permissions have not been checked. If to be a company acquisition, please instruct your legal advisors accordingly.
6
Property Location
Geographical View
Satellite View
Street View
Comments/Notes The subject property is located in Swadlincote. There is a school and local shopping facilities within 1 mile of the subject. Burton upon Trent train station is 7 miles from the subject property and there is easy access to the A42 and A444.
7
Local Sold Levels Criteria Type: House
Bedrooms: 4
Max Price: £350,000
Radius of subject postcode
Total number available
Total number sold STC
Sold STC coversion%
0.25 mile(s)
1
0
0%
0.5 mile(s)
10
4
40%
1 mile(s)
89
40
45%
Market Activity in Postcode Area Over Past 6 Months Criteria Radius of DE11 8HF : 1 mile Price Band: £200,000 to 350,000
Type: Detached Houses
Min beds: 4
MME Comments/Notes • • • •
8
Last 6 months: 392 houses listed, 109 sold STC. Conversion rate: 27% Last 3 months: 175 houses listed, 81 sold STC. Conversion rate 46% Marginally improving sales levels over last 3 months with 20% fewer houses being listed Ample choice for purchasers
Local Estate Agents’ Data
Criteria Radius of Subject Postcode: 3 miles Rank
Company
Total No. in Portfolio
No. sold STC
% of stock sold STC
1
Abode
221
97
44%
2
John German
190
78
41%
3
Frank Innes
111
62
55%
4
Newton Fallowell
80
41
51%
5
Burchell Edwards
61
26
42%
6
Fisher German
36
23
63%
7
Cadley Cauldwell
49
19
38%
8
Alexanders
41
18
43%
9
Howkins & Harrison
28
14
50%
10
Scargill Mann
16
11
68%
11
Your Move
29
9
31%
12
Crew Partnership
12
5
41%
Rank based on number of running sold STC properties.
Comments/Notes The valuing agents all rank favourably when compared to competing agents in the area.
9
Local Area Comparables We have investigated local properties recently sold STC and currently available, selected on the criteria below.
Selection Criteria Radius of subject postcode
1 mile
Property types considered
Detached
Minimum number of bedrooms
4
Up to price level
ÂŁ350,000
Marketed by
All agents
Date from
09/08/2019
Comparable Properties Relative Location
NOTE: Icons indicate the centre of postcode, and not necessarily the exact location. 10
Local Area Comparables Comparable 1 Address: Thorpe Downs Road Asking Price: Guide Price £310,000 Added to Market: 18-04-2019 Status: For Sale Price Achieved: Accommodation
Subject
Comparable
Type
Detached house
Detached house
Bedrooms
4
4
Receptions
3
3
Bathrooms
2
2
Parking
Driveway
Garage and driveway
Garden
Rear
Rear
Heating
Gas combination boiler
Gas central heating
Overall Condition
Immaculate
New
Notes Comparable 2 Address: Peters Street Asking Price: £285,000 Added to Market: 18-01-2019 Status: Completed Price Achieved: £285,000 Accommodation
Subject
Comparable
Type
Detached house
Detached house
Bedrooms
4
5
Receptions
3
3
Bathrooms
2
2
Parking
Driveway
Garage & driveway
Garden
Rear
Rear
Heating
Gas combination boiler
Combination boiler
Overall Condition
Immaculate
Excellent
Notes 11
Local Area Comparables Comparable 3 Address: Victoria Drive Asking Price: Guide Price £277,500 Added to Market: 30-03-2019 Status: Completed Price Achieved: £274,000 Accommodation
Subject
Comparable
Type
Detached house
Detached house
Bedrooms
4
4
Receptions
3
3
Bathrooms
2
2
Parking
Driveway
Driveway
Garden
Rear
Side and rear
Heating
Gas combination boiler
Gas central heating
Overall Condition
Immaculate
Good
Notes Comparable 4 Address: Island Close Asking Price: £275,000 Added to Market: 09-09-2019 Status: For Sale Price Achieved: Accommodation
Subject
Comparable
Type
Detached house
Detached house
Bedrooms
4
4
Receptions
3
3
Bathrooms
2
2
Parking
Driveway
Garage & driveway
Garden
Rear
Rear
Heating
Gas combination boiler
Combination boiler
Overall Condition
Immaculate
Good
Notes 12
Land Registry Data
Most recent completions in postcode, subject highlighted if present.
22, Island Close, Swadlincote, DE11 8HF
£127,000
18/10/2017
17, Island Close, Swadlincote, DE11 8HF
£117,000
16/12/2016
3, Island Close, Swadlincote, DE11 8HF
£125,000
15/12/2016
5, Island Close, Swadlincote, DE11 8HF
£215,000
19/02/2016
9, Island Close, Swadlincote, DE11 8HF
£149,900
30/09/2014
26, Island Close, Swadlincote, DE11 8HF
£97,250
25/01/2013
24, Island Close, Swadlincote, DE11 8HF
£99,000
16/12/2011
18, Island Close, Swadlincote, DE11 8HF
£119,000
22/12/2009
28, Island Close, Swadlincote, DE11 8HF
£121,000
12/06/2009
12, Island Close, Swadlincote, DE11 8HF
£114,000
12/09/2008
13
Estate Agents Opinions & +/- Factors
+ Positive Factors:
- Negative Factors:
Detached
No garage
Excellent presentation
Ample local competition
Extended accommodation
Estate Agents Opinions The following local estate agents have inspected this property, herewith their opinions.
Recommended 4/6 Week Asking Price
Achievable Price
Minimum Expected Price
Abode - Burton upon Trent
£295,000
£289,000
£285,000
John German - Burton upon Trent
£300,000
£290,000
£285,000
Newton Fallowell Swadlincote
£325,000
£315,000
£289,000
AVERAGES:
£306,667
£298,000
£286,666
Valuing Agent
Estate Agents Comments Abode - Burton upon Trent: This is a nice, well maintained property. John German - Burton upon Trent: Good condition and is situated in a popular area. Newton Fallowell Swadlincote: Very close to a new development, but superb presentation.
14
Our Recommendations
Recommended Competitive Asking Price
£299,995
Achievable Target Price
£295,000
Minimum Expected Sale Price
£290,000
Our Opinion This is a beautifully presented family home, offering quality improvements and substantial extension. We recommend this property as an excellent candidate for Part Exchange, although comment that the owners expectation at £320,000 is unsupportable in the present market conditions. NOTE: MME’S recommended asking, achievable and minimum expected prices are provided in good faith, after extensive research of data available at the time of this report’s preparation. Market conditions can vary quickly, and property values can increase and decrease. MME provide superior accuracy as far as our valuation advice is concerned, as supported by our key performance indicators, but we cannot be held responsible should a final sale figure differ from our advice, as the reasons can be considerable and variable.
Report Compiled by: Sophie Williams Direct Line: 01787 221 088 Email: sophie.williams@mme.uk.com Account Manager: Nicola Johnston Mobile: 07733 362 822 Report Date: 12/11/2019
15
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