Valuations in Melbourne's west and north
The west and north have changed a lot over the past few decades. Weatherboard cottages, interwar homes and postwar houses now sit beside new townhouses, apartment blocks and converted industrial buildings. Tom Nagy values residential, commercial and industrial property across Footscray, Yarraville, Williamstown, Sunshine, Essendon, Moonee Ponds, Coburg, Preston, Northcote and Reservoir.
What makes valuation work here specific
Subdivided blocks and new townhouses
Many older houses on larger blocks have been replaced by two, three or more townhouses. A townhouse value depends on its land share, floor area, layout, parking and private open space, and on how it compares with nearby developments. Where resales are few, the valuer relies on careful reading of the evidence that does exist.
Warehouse conversions and character homes
Converted warehouses and factories in Footscray, Yarraville, Preston and Northcote are each a little different. Ceiling heights, natural light, parking and the quality of the conversion all affect value. Older areas such as Williamstown and parts of Essendon also have heritage streets and period homes where condition and original detail matter.
Industrial and commercial property
The west in particular has a long industrial history. Tom has valued recycling and waste depots, and values warehouses, factories and shops through commercial and industrial valuations.
Changing streets
Where an area is changing quickly, older sales can become less useful as evidence. A good report shows which sales were relied on and why, rather than leaning on one or two results.
Common reasons for a valuation here
- Pre-sale or pre-purchase valuations, including desktop reports for homes under $1M
- Stamp duty valuations for transfers between related parties
- SMSF valuations for investment property held in super
- Capital gains tax, family law and deceased estate matters
Talk to Tom
Call Tom on 0407 835 388 or send an enquiry to talk through your property and the purpose of the valuation.
Common questions
How is a new townhouse valued when there are few resales?
New townhouses are often compared with sales of similar recent developments nearby, as well as resales where they exist. The valuer looks at land share, floor area, finish, parking and outdoor space. Where the evidence is thin, the report should explain how the value was reached so your accountant, auditor or lawyer can follow it.
Can you value a warehouse or a small factory?
Yes. Warehouses, factories and other industrial property are valued as commercial and industrial valuations, with a long-form report and a 7-day turnaround, from $975 + GST. Tom's experience includes recycling and waste depots. A warehouse converted to a home is usually valued as residential property.
My house is under $1M. Is a desktop valuation enough?
A desktop valuation suits residential property under $1M when you want guidance before buying or selling. For tax, SMSF, court or other formal purposes, a kerbside or full inspection report is usually the safer choice. Call Tom before you book and he will tell you what suits your purpose.