QLD How much is this property worth?

When this one was listed last week, it had no price guidance. Now it's updated with over 479K

257 Hamilton Road Chermside Qld 4032 - House for Sale #124419354 - realestate.com.au

 

Haha it just makes it harder for regular buyers like myself to invest. It is very hard for me to find the market value of a property, which is numero uno in investing. Why pay more for something if it's not worth it!

What's your estimate on 38 Sollis?

 

Most houses in the area are 3bd.. the 4bd is a bit of an anomaly. It's another thing that makes valuations more difficult because there's very little to compare with.

The 30sq.m will matter very little to potential buyers I'd think. Unless they had a specific need for that size plot, or the extra size suits zooming rules for development.

 

Thanks mate.

What do you think about these stats from re.com:

• Median price 4br houses: 588k
• Median price 3br houses: 503k

According to this the fourth room is worth 85k.

 

How can you tell there is healthy demand in the suburb? Vacancy rate is 3.1%.

 

Healthy demand for buying.

 

Thanks mate.

What's the best parameter that indicates this (apart from going to home opens)?

 

Stats and medians tell you almost nothing. Were the properties new/old?, reno'd or original? How many were sold in the last 12 months? 1? 10? 100? Where were they located? When you start filling in these gaps, you'll start working out real market value.

Start here for a free resource.. Geebung - Property Sold Prices

 

You can't assume much based on one factor. Newer four bedroom houses are more likely to have two bathrooms. Maybe the extra bathroom is worth $85K??
Marg

 

Wow, can an extra bathroom be worth that much?

 

Excellent link, thanks a lot for that!

Some research for me to do now.

 

I'm not an expert at Geebung, so I wouldn't want to estimate, but you have plenty of others giving you the range already.
however, whatever the estimate is, it's up to what the seller have in mind.

 

I am not sure what the point of the post is, it is worth what someone will pay for it if it is on the market and a few people going for it

If I was to guess it would not be a whole lot more than the below.

 

Because I'm considering of buying it

 

You snooze, you loose.

You did not start the thread & you have not spoken to the agent have you ?

I had my offer accepted



So your buying, or the other one ?

Get off the stat sites and PC and get to some of the other opens so you know.

I would NEVER ask here, not just because I could be gazumped, but I could not care less what anyone else would pay, or the guesses, you need to know.

 

We are buying together. All we wanted is a second opinion.

 

Oh...I see, I was wondering what was going on, maybe you were gazumping the OP...lol

 

Nah just my partner and I trying to get our heads around valuations.

I think my hair is going grey from this lol

 

My hair is grey when not coloured......now you know why...

 

$550 give or take.
I wouldn't pay that but I suspect that's where it'll end up.

This one went for high fives
26 Lanercost Street Geebung Qld 4034 - House for Sale #124305966 - realestate.com.au


@Realist35...I need to change my avatar...every time I see your I think someone has hacked my account