Valuations in Boroondara and the inner east
The inner east is home ground for Property Valuation Vic. Tom Nagy's postal address is in Hawthorn West, and he started in Melbourne real estate in the 1980s. If you own property in Hawthorn, Kew, Camberwell, Canterbury, Balwyn, Surrey Hills, Glen Iris or Ashburton, you deal directly with the Certified Practising Valuer who will prepare your report.
What makes this area different to value
Period homes and heritage overlays
Much of Boroondara is made up of Victorian, Edwardian and interwar homes, many in streets covered by heritage overlays. Two houses of similar size can differ a lot in value depending on how much original fabric survives, how well it has been restored, and whether later extensions are sympathetic. Heritage controls can also affect what a buyer could do with the site. A valuer has to weigh all of this, not just count bedrooms.
Large blocks and land value
Some parts of the inner east still have generous blocks. In those cases land often makes up a large share of the value, and questions about planning controls, frontage and possible development need careful thought.
Fewer truly comparable sales
Where homes are individual, close comparable sales can be scarce. A good valuation explains which sales were used and why, and how differences in land, condition and character were adjusted for. That reasoning is what makes a report stand up when an accountant, the ATO or a court looks at it.
Common reasons for a valuation here
- Family and estate matters, such as a deceased estate valuation for probate or distribution
- Capital gains tax valuations, including retrospective values for long-held homes
- Transfers between family members, where a stamp duty valuation may be needed
- Separation and property settlement
Because many properties here are valued above $1M, a desktop valuation usually is not an option. A kerbside or full inspection report is more common. Not sure which you need? Read desktop, kerbside or full inspection.
Talk to Tom
Call Tom on 0407 835 388 or send an enquiry to discuss your property before you book.
Common questions
Does a heritage overlay change the value of my home?
It can, but not in a fixed way. A heritage overlay can limit demolition and change what can be built, which matters most where the land might otherwise suit redevelopment. For a well-kept period home, the overlay may make little difference to buyers. A valuer looks at sales of comparable properties with similar controls rather than applying a standard adjustment.
My property is worth more than $1M. Can I get a desktop valuation?
No. Desktop valuations are only offered for residential property under $1M. Many homes in Boroondara sit above that level, so a kerbside valuation (external inspection) or a full inspection is the usual option. Call Tom before booking and he can tell you which report suits your purpose.
Can Tom value a large block that might suit subdivision?
Yes. Large blocks are common in parts of Balwyn, Kew and Glen Iris. The valuation considers the property as it stands and how the market treats land of that size and shape, including any planning controls that apply. Tell Tom about the site when you enquire so the right type of report is booked.