Updated Appraisal - 5 Winsomere Cres 063025

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5 Winsomere Crescent, Westmere, Auckland

30/06/2025

Dear Sco and Sophie

Thank you for the opportunity to provide an updated market appraisal for your property

The content of this submission includes a strategic markeng plan that will help us to achieve the best possible results in the current market

The following pages include recent suburb sales data and demographics, some suggesons for a markeng investment, and a lile bit of informaon about us, along with genuine feedback from our clients following the sale of their homes

We understand that the sale of your property is important and want to assure you that we take the markeng and sale of your property seriously

Our aim is to provide the best possible service and the best results, every me

We’re proud to be supported by Now Realty Group, one of New Zealand’s top performing Ray White franchises and backed by the fastest growing real estate brand in the country.

On behalf of our team and Ray White’s Now Epsom, we look forward to working with you.

Warm regards, Stuart

Property Description

A sophiscated city fringe family home that blends architectural flair with contemporary funcon

Sited on a flat rear freehold site of 400 square metres (more or less) this compact and easy care secon is located in close proximity to the Waitemata Harbour and West Lynn shops

Westmere is a highly desired locaon, just a short distance from Grey Lynn, and Herne Bay/Ponsonby and an easy commute to Auckland CBD The wider area has seen a connued appeal with solid sales acvity with a media days on market of 34 days

Aer research, your home is sure to aract aenon from a number of buyer groups including

Families upgrading with the area

Professionals and expats wish to relocate to this sought aer community

Down-sizers from the area wanng a more compact home

Professionals wanng a lock up and leave Auckland base

The market is currently in a stable state with property prices not expected to return to 2022 pricing levels unl late 2028

This is an ideal me to sell and to ulise capital and gain the purchasing control in this market (that is currently sing with buyers) Further OCR announcement may add smulus to the market

We have seen

A reducon of DOM (average days on market) in your area

Many homes being sold by aucon have a DOM of around 30 -34 days

There are increasing numbers of “under the hammer sales” and pre aucon offers

When you feel it is me to move on with your future plans, we are here to work with you to ensure that we maximize your property value come sales day

Comparative Market Analysis

Prepared for: Scott Holdsworth & Sophie Bell

Subject property: 5 Winsomere Crescent

Prepared on: 29 June 2025

Prepared by: Stuart Robertson and Murray Dow

This Comparave Market Analysis provides an esmate of the probable selling price for 5 Winsomere Crescent, Westmere

The esmated selling price is based on other properes deemed 'comparable' - either sold or currently for sale in the area, plus supporng market informaon

Descripon

Capital value: $2,800,000

Land value: $1,725,000

Valuaon ref: 2/13483722

Valuaon Date: 2021

Improvements: $1,075,000

Land Area: 401

Floor Area: 208 m 2

Bedrooms: 3

Bathrooms: 1

Car Spaces: 1

Building Age: 2020

Council Rates: $6,583

Zoning: Mixed Housing Suburban Zone

Wall Material: Weatherboard

Roof Material: Aluminium

Property Descripon

The sale price of comparable properes in this report range between $2,900,000 and $3,500,000

Esmated Appraisal Price

Based on the selected properes that have sold nearby, this property is likely to sell for between $3,100,000 and $3,300,000

Map of Property

Prepared for: Scott Holdsworth & Sophie Bell

Subject property: 5 Winsomere Crescent

Prepared on: 29 June 2025

Prepared by: Stuart Robertson and Murray Dow

Map of Comparable Properties

Prepared for: Scott Holdsworth & Sophie Bell

Subject property: 5 Winsomere Crescent

Prepared on: 29 June 2025

Prepared by: Stuart Robertson and Murray Dow

Nearby Listings

Prepared

Prepared on: 29

Nearby Listings

Prepared for: Scott Holdsworth & Sophie Bell

Prepared on: 29 June 2025

Prepared by: Stuart Robertson and Murray Dow

Our Recommendations

Your property would receive wide market attention when launched as part of a strategic and targeted marketing campaign, attracting qualified buyers competing for the chance to secure your property.

The most effective sales method in the current market is sale by public auction The first stage of our marketing process is crafted to ensure the following benefits:

Time-Limited Campaign: This approach minimizes your days on the market by creating a sense of urgency among buyers

Focus on Buyer Value: By removing price focus, we highlight the current value buyers place on the property, thereby attracting genuine interest

Unconditional Readiness: Buyers are prepared to make unconditional offers, streamlining the sale process

Competitive Environment: The auction format fosters competition among buyers, rather than pitting them against you, the seller

Pre-Agreed Terms: Buyers agree to your terms and conditions before bidding begins, ensuring clarity and efficiency

Seller’s Motivation: An auction signals to the market that you are motivated and committed to achieving a sale

Prepared Agreements: Sales and purchase agreements are prepared in advance, enabling us to obtain offers in writing promptly and with urgency

Ongoing Communication: After every open home or inspection, we will provide a detailed call and weekly written reports, including buyer feedback, to keep you informed and support your decision-making process on sale day.

Stage Two: Conditional Negotiations

Should the auction not achieve an acceptable level of bidding, our marketing plan includes a second stage where we will engage with buyers on a conditional basis This ensures that we have a plan in place to secure the best possible outcome for your property. We are confident that this strategic approach will position your property to attract the attention it deserves and ultimately achieve a successful sale

Commission Calculation

Based upon the recent sales and taking into account the current market condions, we appraise the value of the subject property, with the potenal to be more in a compeve buying situaon, within the range of:

$3,100,000 to $3,300,000

With a base fee of $950 00 and a standard commission of 4% on the first $500,000 and 2 5% thereaer, the esmated commission based on the mid-range sale price of $3,200,000 would equal

$88,450 (plus GST)

Our commission is performance based and is only chargeable when we bring you an offer that you are happy to accept for your property.

We have reviewed the Record of Title and legal interest and in our opinion there are no encumbrances that will have an impact on value.

However, we have not reviewed the Land Informaon Report (LIM Report) Therefore our appraisal is subject to any compliance or local authority issues that may be idenfied therein.

We highly recommend you complete the presentaon works that we discussed at our meeng, as this could add significant value in the eyes of the buyers.

The only certain way of ascertaining market value is from qualified buyers wanng to purchase during the sales campaign.

Residential Insights

Prepared for: Scott Holdsworth & Sophie Bell

Subject property: 5 Winsomere Crescent

Prepared on: 29 June 2025

Prepared by: Stuart Robertson and Murray Dow

Residential Insights

Prepared for: Scott Holdsworth & Sophie Bell

Subject property: 5 Winsomere Crescent

Prepared on: 29 June 2025

Prepared by: Stuart Robertson and Murray Dow

Demographic Insights

Prepared for: Scott Holdsworth & Sophie Bell

Subject property: 5 Winsomere Crescent

Prepared on: 29 June 2025

Prepared by: Stuart Robertson and Murray Dow

Title Details

Prepared for: Scott Holdsworth & Sophie Bell

Subject property: 5 Winsomere Crescent

Prepared on: 29 June 2025

Prepared by: Stuart Robertson and Murray Dow

RECORD OF TITLE

DERIVED FROM LAND INFORMATION NEW ZEALAND

Address: 5 Winsomere Crescent, Westmere

Identifier: 984543

Land Registration District: North Auckland

Date Issued: 2021-07-28T00:00:00

Prior References: NA13A/736

Estate: Freehold

Legal Description: Fee Simple, 1/1, Lot 2 Deposited Plan 559352, 401 m2

Registered Owners: Scott William Holdsworth, Sophie Margaret Bell

Current Instruments:

Variation of Mortgage 5413328.3 - 21.12.2012 at 3:36 pm

Variation of Mortgage 5413328.3 - 24.3.2020 at 9:39 am

Consent Notice pursuant to Section 221 Resource Management Act 199128.7.2021 at 9:30 am

Mortgage to (now) Westpac New Zealand Limited - 25.11.2002 at 9:00 am

Land Covenant in Covenant Instrument 12185072.4 - 28.7.2021 at 9:30 am (Limited as to duration)

Appurtenant hereto is a right to maintenance, structural support (concrete footing), right to drain water, and a right to convey electricity and telecommunications created by Easement Instrument 12185072 3 - 28 7 2021 at 9:30 am

The information provided on this Title Details form acts as a guideline only. As a result, Relab cannot and does not provide any warranties or assurances of any kind in relation to the accuracy of the information provided through this report Relab will not be liable for any claims in relation to the content of this report

Nearby Schools (Secondary)

Prepared for: Scott Holdsworth & Sophie Bell

Subject property: 5 Winsomere Crescent

Prepared on: 29 June 2025

Prepared by: Stuart Robertson and Murray Dow

This school data from the Ministry of Education Please advise that school zones and other details are subject to change and you should not rely on this information alone To check current boundaries or other details you should contact the school concerned Relab accepts no responsibility for any action taken on the basis of information provided below, or for any errors or omissions.

940m away - 11min walk

1.20km away - 7min drive

Nearby Schools (Primary)

Prepared for: Scott Holdsworth & Sophie Bell

Subject property: 5 Winsomere Crescent

Prepared on: 29 June 2025

Prepared by: Stuart Robertson and Murray Dow

This school data from the Ministry of Education Please advise that school zones and other details are subject to change and you should not rely on this information alone To check current boundaries or other details you should contact the school concerned Relab accepts no responsibility for any action taken on the basis of information provided below, or for any errors or omissions.

1 04km away - 7min drive

99km away - 8min drive

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