Land / Lot Valuation

Discussion in 'Development' started by Oylan, 13th Jun, 2019.

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  1. Oylan

    Oylan Member

    Joined:
    15th Mar, 2018
    Posts:
    17
    Location:
    Perth
    When a bank calculates the valuation of your already subdivided lot, i.e. do they calculate the value of the 4 lots only (land only) or do they also include the common land.

    E.G
    We have 4 lots of 180m2 and common land of 100m2
    How is the bank going to calculate the total value ?
     
  2. Tufan Chakir

    Tufan Chakir Well-Known Member

    Joined:
    18th Aug, 2016
    Posts:
    383
    Location:
    Victoria, Australia
    The common land is just that - common
    The value would be based on the value of each individual lot and its entitlement/share of the common land
    In this case it would be four lots @ 180sqm.