Property Valuation Appraisel

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Property Valuation Appraisal Property: 8 Island Close, Swadlincote, DE11 8HF Plot & Development: Plot 72, Woodcroft Proposal: Part Exchange/Assisted Move

The UK’s Largest Independent Part Exchange & Assisted Move moving-madeeasy.co.uk

Specialist

Property Valuation Advice You Can Trust This report provides all the information required to determine the likely resale value of this property.

We have diligently researched all pertinent factors affecting this property and investigated in depth the local market place, including comparables of ‘for

Customer: Mr & Mrs John Smith

sale’ and sold STC homes. We have also asked at least two local estate agents

Contact:

to physically inspect the property and

Nicola Johnston

give us their opinions on the condition, location and value.

Confidence

Subject Property: 8 Island Close, Swadlincote, DE11 8HF

Be assured that this report has been produced by an experienced staff member with many years of both property industry and practical valuation experience.

You can have confidence that every

Plot & Development: Plot 72, Woodcroft

Moving Made Easy Property Valuation

Attention of:

Appraisal contains the highest degree of

Dave Arch

property valuation expertise.

Proposal: Part Exchange/Assisted Move

Simply selling homes.

Photographs & Description

4

Address

8 Island Close, Swadlincote, DE11 8HF

Description

2002 built 4 bedroom detached house

Accommodation

Entrance hall, guest cloakroom, lounge, dining room, study, kitchen, conservatory, 4 bedrooms, ensuite and family bathroom.

Photographs

Lounge

Kitchen

Dining Room

Bedroom 1

Bedroom 2

Study

Bathroom

Ensuite

Garden

5

Property Overview Construction

Standard construction

Tenure (and lease details if applicable)

Freehold

Listed

No

Main residence

Yes

Extensions/major improvements

Significantly extended with planning permisson

Parking

Driveway, no garage

Windows

uPVC double glazed units

Heating type

Gas combination boiler

Gardens

Front block paved for parking, rear paved patio area and separate lawned area.

Internal condition

Good

External condition

Good

Decorative finish

Very modern fittings, in excellent condition throughout.

Customer Data Original purchase date and price paid

22nd November 2002 - £135,000

Outstanding mortgage and lender

£125,000: Natwest Bank

Financially qualified Occupied by

Evolve Vendor

Property on market

No

Vendor’s expectations

£320,000

Based on

Recent private valuation

Disclaimer: Moving Made Easy advise that tenure particulars and required consents or permissions have not been checked. If to be a company acquisition, please instruct your legal advisors accordingly.

6

Property Location

Geographical View

Satellite View

Street View

Comments/Notes The subject property is located in Swadlincote. There is a school and local shopping facilities within 1 mile of the subject. Burton upon Trent train station is 7 miles from the subject property and there is easy access to the A42 and A444.

7

Local Sold Levels Criteria Type: House

Bedrooms: 4

Max Price: £350,000

Radius of subject postcode

Total number available

Total number sold STC

Sold STC coversion%

0.25 mile(s)

1

0

0%

0.5 mile(s)

10

4

40%

1 mile(s)

89

40

45%

Market Activity in Postcode Area Over Past 6 Months Criteria Radius of DE11 8HF : 1 mile Price Band: £200,000 to 350,000

Type: Detached Houses

Min beds: 4

MME Comments/Notes • • • •

8

Last 6 months: 392 houses listed, 109 sold STC. Conversion rate: 27% Last 3 months: 175 houses listed, 81 sold STC. Conversion rate 46% Marginally improving sales levels over last 3 months with 20% fewer houses being listed Ample choice for purchasers

Local Estate Agents’ Data

Criteria Radius of Subject Postcode: 3 miles Rank

Company

Total No. in Portfolio

No. sold STC

% of stock sold STC

1

Abode

221

97

44%

2

John German

190

78

41%

3

Frank Innes

111

62

55%

4

Newton Fallowell

80

41

51%

5

Burchell Edwards

61

26

42%

6

Fisher German

36

23

63%

7

Cadley Cauldwell

49

19

38%

8

Alexanders

41

18

43%

9

Howkins & Harrison

28

14

50%

10

Scargill Mann

16

11

68%

11

Your Move

29

9

31%

12

Crew Partnership

12

5

41%

Rank based on number of running sold STC properties.

Comments/Notes The valuing agents all rank favourably when compared to competing agents in the area.

9

Local Area Comparables We have investigated local properties recently sold STC and currently available, selected on the criteria below.

Selection Criteria Radius of subject postcode

1 mile

Property types considered

Detached

Minimum number of bedrooms

4

Up to price level

ÂŁ350,000

Marketed by

All agents

Date from

09/08/2019

Comparable Properties Relative Location

NOTE: Icons indicate the centre of postcode, and not necessarily the exact location.

10

Local Area Comparables Comparable 1 Address: Thorpe Downs Road Asking Price: Guide Price £310,000 Added to Market: 18-04-2019 Status: For Sale Price Achieved: Accommodation

Subject

Comparable

Type

Detached house

Detached house

Bedrooms

4

4

Receptions

3

3

Bathrooms

2

2

Parking

Driveway

Garage and driveway

Garden

Rear

Rear

Heating

Gas combination boiler

Gas central heating

Overall Condition

Immaculate

New

Notes Comparable 2 Address: Peters Street Asking Price: £285,000 Added to Market: 18-01-2019 Status: Completed Price Achieved: £285,000 Accommodation

Subject

Comparable

Type

Detached house

Detached house

Bedrooms

4

5

Receptions

3

3

Bathrooms

2

2

Parking

Driveway

Garage & driveway

Garden

Rear

Rear

Heating

Gas combination boiler

Combination boiler

Overall Condition

Immaculate

Excellent

Notes 11

Local Area Comparables Comparable 3 Address: Victoria Drive Asking Price: Guide Price £277,500 Added to Market: 30-03-2019 Status: Completed Price Achieved: £274,000 Accommodation

Subject

Comparable

Type

Detached house

Detached house

Bedrooms

4

4

Receptions

3

3

Bathrooms

2

2

Parking

Driveway

Driveway

Garden

Rear

Side and rear

Heating

Gas combination boiler

Gas central heating

Overall Condition

Immaculate

Good

Notes Comparable 4 Address: Island Close Asking Price: £275,000 Added to Market: 09-09-2019 Status: For Sale Price Achieved: Accommodation

Subject

Comparable

Type

Detached house

Detached house

Bedrooms

4

4

Receptions

3

3

Bathrooms

2

2

Parking

Driveway

Garage & driveway

Garden

Rear

Rear

Heating

Gas combination boiler

Combination boiler

Overall Condition

Immaculate

Good

Notes 12

Land Registry Data

Most recent completions in postcode, subject highlighted if present.

22, Island Close, Swadlincote, DE11 8HF

£127,000

18/10/2017

17, Island Close, Swadlincote, DE11 8HF

£117,000

16/12/2016

3, Island Close, Swadlincote, DE11 8HF

£125,000

15/12/2016

5, Island Close, Swadlincote, DE11 8HF

£215,000

19/02/2016

9, Island Close, Swadlincote, DE11 8HF

£149,900

30/09/2014

26, Island Close, Swadlincote, DE11 8HF

£97,250

25/01/2013

24, Island Close, Swadlincote, DE11 8HF

£99,000

16/12/2011

18, Island Close, Swadlincote, DE11 8HF

£119,000

22/12/2009

28, Island Close, Swadlincote, DE11 8HF

£121,000

12/06/2009

12, Island Close, Swadlincote, DE11 8HF

£114,000

12/09/2008

13

Estate Agents Opinions & +/- Factors

+ Positive Factors:

- Negative Factors:

Detached

No garage

Excellent presentation

Ample local competition

Extended accommodation

Estate Agents Opinions The following local estate agents have inspected this property, herewith their opinions.

Recommended 4/6 Week Asking Price

Achievable Price

Minimum Expected Price

Abode - Burton upon Trent

£295,000

£289,000

£285,000

John German - Burton upon Trent

£300,000

£290,000

£285,000

Newton Fallowell Swadlincote

£325,000

£315,000

£289,000

AVERAGES:

£306,667

£298,000

£286,666

Valuing Agent

Estate Agents Comments Abode - Burton upon Trent: This is a nice, well maintained property.

John German - Burton upon Trent: Good condition and is situated in a popular area.

Newton Fallowell Swadlincote: Very close to a new development, but superb presentation.

14

Our Recommendations

Recommended Competitive Asking Price

£299,995

Achievable Target Price

£295,000

Minimum Expected Sale Price

£290,000

Our Opinion This is a beautifully presented family home, offering quality improvements and substantial extension. We recommend this property as an excellent candidate for Part Exchange, although comment that the owners expectation at £320,000 is unsupportable in the present market conditions.

NOTE: MME’S recommended asking, achievable and minimum expected prices are provided in good faith, after extensive research of data available at the time of this report’s preparation. Market conditions can vary quickly, and property values can increase and decrease. MME provide superior accuracy as far as our valuation advice is concerned, as supported by our key performance indicators, but we cannot be held responsible should a final sale figure differ from our advice, as the reasons can be considerable and variable.

Report Compiled by: Sophie Williams Direct Line: 01787 221 088 Email: sophie.williams@mme.uk.com Account Manager: Nicola Johnston Mobile: 07733 362 822 Report Date: 12/11/2019

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