QV e-Report 3 Example St, Sample Wellington City
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QV e-Report
3 Example St, Sample
Wellington City
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QV
PL $1,070,000
QV's estimated market value Confidence Level: High
Date of Estimate: 01/01/2021
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Subject to the attached valuation conditions.
Unless otherwise stated, all figures are GST inclusive (if any).
Rating Valuation Capital Value $790,000
Land Value $380,000
Value of Improvements $410,000
SA
Effective Date 01/01/2021
Valuation Reference 00000/00000
Rating valuations are usually carried out on all New Zealand properties every three years. They are just one of a
number of factors that councils use to allocate rates. They reflect the likely selling price of a property at the effective
revaluation date, not including chattels (e.g. curtains and appliances), and are not designed to be used for raising
finance or as insurance valuations.
QV.co.nz
Free Phone 0800 786 822
Our Ref: 00000/00000
Date issued: 22 March 2021 Page 1 of 9
Property Details
3 Example St, Sample
Wellington City
Property Description A 210 square metre 1980's mixed material dwelling in good condition which is
located on a 476 square metre easy/moderate rise inside site with slight other
views. The property includes drive on access, under main roof garaging for two
vehicles, decking and good landscaping.
Improvements
Type of Property: Dwelling
Units of Use: 1
Estimated Year of Construction: 1989
210 m² 4* Total Floor Area: 210 m²
Total Living Area: 174 m²
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Wall Construction and Condition: Mix.Material, Good
2* 2* Roof Construction and Condition: Tile Profile, Good
Garages - Under Main Roof: 2
Garages - Freestanding: 0
2 2
Carparks including garaging: 2
*Estimated
Land PL Site Area:
Contour:
Outlook:
Access:
Zoning:
Maori Land:
476 m²
Easy/Moderate rise
Focal Point Of view - Other
Drive on access
9A - Residential - Outer
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Land Use: Single Unit excluding Bach
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Title Summary Record of Title: 00000/000
Legal Description: Lot 00 Deposited Plan 00000
Land Area: 476 m²
Tenure: Fee Simple
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Location Suburb/Town Sample
Proximity of Suburb to CBD 13km
Surrounding Development Residential suburb, with modest 1970's
housing through to quality modern homes.
Facilities Primary schools, parks, a sports field and a
shopping centre.
Public Transport Buses
Locality Features Close to Sampleville, easy motorway access
Page 2 of 9
Comparable Sales
3 Example St, Sample
Wellington City
Market Evidence In order to assess our market estimate we have considered a number of sales,
comparing these to the subject property. We summarise some key ones as follows:
11 Example Dr, Sample Sale Price: $900,000
House Type: Dwelling Sale Date: 28/01/2021
Year Built: 1994 Floor Area: 220 m²
Cladding: Roughcast,etc Land Area: 828 m²
Garaging: 2 attached Match: 93%
The house is similar in size. It is of a similar age to the subject property and the section
size is larger. It is situated in a comparable location, the overall condition is similar to the
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subject and it has comparable roadside appeal. This property has drive on access with
parking.
1 Example Pl, Sample Sale Price: $1,020,000
House Type: Dwelling Sale Date: 07/12/2020
Year Built: 1993 Floor Area: 200 m²
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No Photo Available
Cladding:
Garaging:
3 Example Pl, Sample
House Type:
Year Built:
Roughcast,etc
2 attached
Dwelling
1993
Land Area:
Match:
Sale Price:
Sale Date:
Floor Area:
0 m²
92%
The house is similar in size. It is of a similar age to the subject property. It is situated in a
comparable location, the overall condition is similar to the subject and it has comparable
roadside appeal. This property has drive on access with parking.
$1,100,000
21/12/2020
210 m²
Cladding: Weatherboard Land Area: 571 m²
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Garaging: 2 attached Match: 90%
The house is similar in size. It is of a similar age to the subject property and the section
size is larger. It is situated in a comparable location, the overall condition is similar to the
subject and it has comparable roadside appeal.
17 Example Pl, Sample Sale Price: $1,255,000
House Type: Dwelling Sale Date: 23/02/2021
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Year Built: 1996 Floor Area: 250 m²
Cladding: Roughcast,etc Land Area: 589 m²
Garaging: 2 attached Match: 88%
The house is larger in size. It is of a similar age to the subject property and the section
size is larger. It is situated in a comparable location, the overall condition is similar to the
subject and it has comparable roadside appeal. This property has drive on access.
13 Example St, Sample Sale Price: $1,114,200
House Type: Dwelling Sale Date: 06/10/2020
Year Built: 1989 Floor Area: 220 m²
Cladding: Weatherboard Land Area: 613 m²
Garaging: 2 attached Match: 88%
The house is similar in size. It is of a similar age to the subject property and the section
size is larger. It is situated in a comparable location, the overall condition is similar to the
subject and it has comparable roadside appeal. This property has drive on access with
parking.
Page 3 of 9
Property History
3 Example St, Sample
Wellington City
Subject Market Sales History
Sale Date Sale Price
01/03/2021 $1,075,000
01/02/2001 $427,000
23/02/1997 $315,000
19/11/1990 $257,500
16/03/1990 $225,000
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06/10/1988 $69,300
Rating Valuation Property Changes
Date
PL
12/08/2019
16/11/2018
03/11/2018
31/10/2015
18/08/2015
05/03/2015
Valuation date
01/09/2018
01/09/2018
01/09/2018
01/09/2015
01/09/2012
01/09/2012
Capital value
$790,000
$875,000
$790,000
$520,000
$490,000
$490,000
Land value
$380,000
$380,000
$380,000
$215,000
$185,000
$200,000
Land area
476 m²
476 m²
476 m²
476 m²
476 m²
476 m²
Floor area
210 m²
210 m²
210 m²
210 m²
210 m²
210 m²
27/10/2012 01/09/2012 $490,000 $185,000 476 m² 210 m²
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24/10/2009 01/09/2009 $490,000 $185,000 476 m² 210 m²
03/11/2007 01/09/2007 $490,000 $175,000 476 m² 210 m²
21/10/2006 01/09/2006 $445,000 $150,000 476 m² 210 m²
29/10/2005 01/09/2005 $420,000 $138,000 476 m² 210 m²
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20/11/2004 01/09/2004 $390,000 $120,000 476 m² 210 m²
22/11/2003 01/09/2003 $355,000 $100,000 476 m² 210 m²
16/11/2002 01/09/2002 $330,000 $91,000 476 m² 210 m²
03/11/2001 01/09/2001 $330,000 $87,000 476 m² 210 m²
18/11/2000 01/09/2000 $330,000 $87,000 476 m² 210 m²
25/02/2000 01/09/1999 $320,000 $84,000 476 m² 210 m²
27/03/1999 01/09/1998 $300,000 $80,000 476 m² 210 m²
28/03/1998 01/09/1997 $300,000 $80,000 476 m² 210 m²
29/03/1997 01/09/1996 $290,000 $80,000 476 m² 210 m²
30/03/1996 01/09/1995 $275,000 $76,000 476 m² 210 m²
11/12/1993 01/09/1993 $255,000 $76,000 476 m² 210 m²
09/09/1992 01/10/1990 $270,000 $74,000 476 m² 210 m²
Page 4 of 9
Market Commentary
3 Example St, Sample
Wellington City
National Overview
2021 has begun in much the same fashion as 2020 ended for residential property as the housing market
continues its upward trend. A shortage of stock continues to put upward pressure on prices in most parts of
New Zealand with continued low interest rates and a recovering economy encouraging activity right across the
residential property spectrum.
The average value increased 6.27% nationally over the past three month period, slightly up from the 6.04%
quarterly growth we saw in December, with the average value now sitting at $838,826. This represents an
increase of 15.11% year-on-year, an increase from annual growth of 13.27% last month. The average value in
the Auckland region sits at $1,207,860, up 5.56% over the last quarter, with annual growth at 13.37%, up from
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December’s year-on-year growth of 11.65%.
The major urban centres continue to show strong gains in value over the past three months, with Porirua and
Tauranga leading the way with 10.49% and 10.46% growth respectively.
Local Commentary
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Wellington City has increased by 7.59% over the past three month period with the average value now sitting at
$1,044,244. This represents an annual growth rate of 18.2%.
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SA
Page 5 of 9
Market Trends
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Page 6 of 9
Statistical Data from the latest 2018
Census
Sample Wellington City New Zealand
Population # of People 3,858 202,737 4,699,755
Median Age 37.5 34.1 37.4
Work Employed full-time 56.0% 56.8% 50.1%
Employed part-time 13.1% 14.6% 14.7%
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Unemployed 3.3% 4.5% 4.0%
Not in the labour force 27.6% 24.1% 31.2%
Study Participation Full-time study 25.6% 23.2% 21.3%
Income
PL Part-time study
Median
Under $30,000
$30,001-$50,000
$50,001-$70,000
$70,001-$100,000
3.6%
$50,000
36.6%
13.1%
13.0%
13.8%
4.0%
$41,800
40.2%
16.7%
14.4%
12.5%
3.2%
$31,800
48.1%
20.2%
14.4%
9.6%
$100,000 plus 23.0% 16.1% 7.6%
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Dwelling occupancy Total private dwellings 1,221 74,817 1,653,060
Owner occupier 78.2% 58.7% 64.6%
Rental 21.9% 41.3% 35.5%
Dampness Always damp .3% 3.3% 3.0%
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Sometimes damp 8.7% 21.0% 18.5%
Not damp 91.0% 75.8% 78.5%
Mould Mould over A4 size - always .8% 4.9% 4.3%
Mould over A4 size - sometimes 6.6% 13.4% 12.6%
No/little mould 92.9% 81.6% 83.1%
Page 7 of 9
Recent Sales in the Locality
Recent Sales Some additional recent sales in the locality are listed below
6 Example Cres, Sample Sale Price: $1,120,000
House Type: Dwelling Sale Date: 14/01/2021
Year Built: 2006 Floor Area: 210 m²
Cladding: Mix.Material Land Area: 346 m²
Garaging: 2 attached Match: 86%
5 Example Dr, Sample Sale Price: $1,100,000
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House Type: Dwelling Sale Date: 10/12/2020
Year Built: 1968 Floor Area: 190 m²
Cladding: Mix.Material Land Area: 756 m²
Garaging: 2 attached Match: 86%
28 Example Cres, Sample Sale Price: $1,140,000
PL House Type:
Year Built:
Cladding:
Garaging:
22 Example Cres, Sample
House Type:
Year Built:
Dwelling
1984
Weatherboard
2 attached
Dwelling
1992
Sale Date:
Floor Area:
Land Area:
Match:
Sale Price:
Sale Date:
Floor Area:
12/10/2020
220 m²
628 m²
86%
$1,039,000
12/11/2020
230 m²
Cladding: Roughcast,etc Land Area: 562 m²
Garaging: 2 attached Match: 84%
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13 Example Hill, Sample Sale Price: $1,065,000
House Type: Dwelling Sale Date: 15/10/2020
Year Built: 1999 Floor Area: 300 m²
Cladding: Roughcast,etc Land Area: 494 m²
Garaging: 2 attached Match: 84%
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18 Example St, Sample Sale Price: $1,210,000
House Type: Dwelling Sale Date: 17/12/2020
No Photo Available
Year Built: 2008 Floor Area: 203 m²
Cladding: Weatherboard Land Area: 612 m²
Garaging: 2 attached Match: 83%
5 Example St, Sample Sale Price: $881,500
House Type: Dwelling Sale Date: 20/01/2021
Year Built: 1997 Floor Area: 180 m²
Cladding: Roughcast,etc Land Area: 546 m²
Garaging: 2 attached Match: 81%
Page 8 of 9
QV e-Report Terms and Conditions
Function and use of report
The purpose of this computer generated report is to provide you with property information, including an
estimate of the market value of the property, as at the date the report is issued. It has been generated from a
range of data sources that has been compiled by Quotable Value Limited (QV) including the following: Council
Property & Sales Data, Google Maps, LINZ Titles, RBNZ Interest Rates, Statistics NZ Census Data and QV’s
Internal Databases.
The estimate contained in this report cannot be used for lending purposes. Any decision on this property that
is reliant on its value must take account of the limitations of this estimate as stated below. The report is not
designed to replace a professional valuation and if a significant variation of the estimate would materially affect
you we recommend you obtain a Registered Valuers report.
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Limitations of report
No physical inspection has been made in arriving at the estimate provided in this report. We have relied on the
data source information held by QV for the subject property. The estimate is generated on the assumption that
there:
•
•
•
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have been no changes to the property from the information provided from the data sources
are no issues that may affect the property such as the title, planning, resource consent, Local Authority
requirements, hazardous or noxious substances; and
are no other matters that will affect the value of the property,
Any users of this estimate need to be aware that this may not be the case and that further enquiry could result
in a significantly different value for the property.
The Record of Title was not searched for this estimate of value. A search of the Record of Title at Land
Information New Zealand will confirm these details.
This Report does not comply with the standards for a market valuation from the Institute of Valuers.
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Limitation of liability
QV does not accept any responsibility or liability for loss should this estimate be used by any other party, or for
any other purpose, or without regard to the limitations stated above.
QV makes no warranties or guarantees and does not accept any responsibility for the extent or quality of the
information from the data sources used to generate this report.
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Nothing in these conditions is intended to limit or replace any of our obligations or your rights under relevant
consumer law including the Fair Trading Act 1986, the Consumer Guarantees Act 1993 and the Privacy Act
2020. Your rights of redress under the Consumer Guarantees Act 1993 apply if we have not complied with
our obligations under that Act, for example, the guarantee that our services are fit for purpose. Under the
Consumer Guarantees Act 1993 we may be liable for any loss or damage resulting from the failure to comply
so long as the loss or damage was reasonably foreseeable. If you have purchased this report "in trade" as
defined under the Consumer Guarantees Act 1993 you agree that the guarantees under that Act will not apply
to the provision of or use of our services.
If you do have any complaints or believe we are not meeting our obligations under Consumer Law, we
encourage you to contact us.
Publication
Neither the whole nor any part of this Report or any reference thereto may be published, included in any
document, circular or referenced without seeking our approval of the form and context in which it will appear.
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