Professional Documents
Culture Documents
Valuation Report - Example
Valuation Report - Example
ERF,
EXTENTION 4,
VEREENIGNG,
GAUTENG PROVINCE
P J M TERBLANCHE
Appraiser
Appointed by the Department of Justice
1. INSTRUCTION 3
2. PURPOSE OF VALUATION 3
3. DATE OF INSPECTION 3
4. DATE OF VALUATION 3
5. SUBJECT PROPERTY 3
9. MARKET CONDITIONS 12
ANNEXURES
8.1 Location:
Most everyday amenities and necessities are available in the immediate and
surrounding.
8.4.2 Improvements:
The main building consists of: a TV-room, lounge, patio, which is used
as a stunning entertainment area, kitchen, dining area, study,
washroom, 4 bedrooms and 2 bathrooms.
The subject property has a porch, two carports (36 m² + 60 m²) for
one car or trailer and a canopy for three cars, 2 garages and an
outside room with separate toilet and shower.
Lounge Patio
Shed Garden
Garden Garden
[Type the company address]
Vaal Valuations (Pty) Ltd Page 6
10. VALUATION METHODS:
b) Income Method. With this method the income that can be generated from the
property is capitalised after taking into account the expenses at a rate normally
obtained from the market. This method is normally not applicable to general
residential properties.
For the purpose of this valuation the market comparable method is the most
applicable.
Number of Sales
80
69 70
70 65 65
58
60
50 47
40
30
20
10
0
2009 2010 2011 2012 2013 2014
Based on the information above a value of R 1 540 000.00 (One Million Five
Hundred Thousand Rand) represents the fair market value of the subject property.
ERF ,
EXTENTION 4
VEREENIGING
GAUTENG PROVINCE
R 1 540 000.00
(One Million Five Hundred Thousand Rand)
_________________________
P J M TERBLANCHE
Appraiser
Appointed by the Department of Justice