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How to find Sqm of Sold Properties data

Discussion in 'General Property Chat' started by Andrew H, 23rd Dec, 2015.

  1. Andrew H

    Andrew H Well-Known Member

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    Does anyone know where to find the Sqm of the property itself for sold properties?
    It would really help me in valueing purchases and existing properties. i.e its easy to find the land size but can't find the sqm of the underroof space of sold properties
     
  2. Scott No Mates

    Scott No Mates Well-Known Member

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    Go to the council and get a copy of the DA.

    Or use a mapping tool like six.maps.nsw. gov.au and guess.
     
  3. Andrew H

    Andrew H Well-Known Member

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    yeah have been guessing with google maps @Scott No Mates. What do valuers use besides a tape measure?
     
  4. Scott No Mates

    Scott No Mates Well-Known Member

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    A rub of the tummy ie gut feeling if they're only doing drive-bys.

    Use a gis with measuring capabilities.
     
  5. Bran

    Bran Well-Known Member

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    If you individually scroll through the images of old listings, sometimes there are plans with this information listed
     
  6. Andrew H

    Andrew H Well-Known Member

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    thanks @Bran, but unfortunately very rarely in markets i'm looking at.
    every valuer at my IP's measure the outside of the house to get sqm (that i have seen) so yeah wondering what they use that i don't if they are only doing drive-bys.
    thanks guys
     
    Bran likes this.
  7. Bran

    Bran Well-Known Member

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    Does it make a huge difference? Most of it comes down to land I would have thought. Isn't the drive-by to make sure it hasn't burnt down?
    Most properties I think they know the value of before driving down the street
     
    Propertunity likes this.
  8. Scott No Mates

    Scott No Mates Well-Known Member

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    Rough guide:
    Basic Old 2 bed = 8 sq
    3 bed = 10 sq
    4 bed = 12 sq

    Modern house add 20%
     
  9. Andrew H

    Andrew H Well-Known Member

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    do you mean 3 bed = 10 sq'm' per room? seems extremely small if your referring to the whole house.

    i would say it is very important when they say that house is a lot larger, but on the same size block.
    i.e. Assume same size block, 4 bed 2 bath with 200 sqm of under roof space would be/is valued more than the 4b 2b with 100sqm under roof space. with similar fixtures/fitting etc. because its a bigger house and not 100% compareable. this can be the difference from extracting equity for next IP purchase or not. Its the only 'x' factor they can say if everything else is similar. when doing research on your own looking at recent sold properties, using only photos and land size.
     
  10. Bran

    Bran Well-Known Member

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    Ok.
    I'm still not sure I follow though, this is usually evident from the photos or an inspection. I see the most differences in valuations/sold prices compared to my own properties unless the land size is grossly different. But I guess the house is an after thought for me ;)
     
  11. Scott No Mates

    Scott No Mates Well-Known Member

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    @Andrew H - I'm old.
    1 square = 10' × 10' = 9.29 m2
     
    York likes this.
  12. York

    York Finance Broker Business Member

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    This method is still used today. Most if not all home builders use this when advertising their designs. Your not old Scott. You're experienced...:D