Hi guys.
I am trying to work out what land value would be in Carlton, but it is alittle difficult when it is such an established suburb. How can I work out what it might be? ANy other opinions on Carlton would also be appreciated.
Tools
Tools wrote:Hi guys.I am trying to work out what land value would be in Carlton, but it is alittle difficult when it is such an established suburb. How can I work out what it might be? ANy other opinions on Carlton would also be appreciated.
Tools
guessing somewhere between $500k and a million +, depending on size and location. While we were looking around Thornbury (6km further out) last year , people were paying $500k for old houses and demolishing just for land. Really with Carlton it just depends on how deep the competitions pockets are. Opinions? parts of Carlton are beautiful , tree lined streets and to me ideal inner city living…other parts are full of student accomodation and restaurants (for me , OK to visit not to live near)
For a ballpark, use your median house price (really means jack) then deduct the cost of the house/improvements to establish a median land value. Then remember THERE IS NO VACANT LAND IN CARLTON!!! (you would be paying a premium for it if there were). LV would be approached on a property which would be considered a 'pull-down' provided that it does not have any heritage significance.
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