Level 2 Valuation Flashcards
1
Q
Why did you choose the comparative method?
A
- No income stream attached to the property. It was owner occupied.
- This is typically how a buyer in the market would approach their pricing. Looking on a per acre basis.
2
Q
Talk me through your key comparables
A
3
Q
How did you find your comparables?
A
4
Q
Tell me about the property in Chislehurst
A
- The site comprises a sports ground located in Chisleurst, South East London
- Broadly rectangular demise, c.19 acre sports field with club house facilities.
- Held Freehold
5
Q
Tell me about the property in Marylebone
A
- Long leasehold tenure
- converted car park self storage property
- 2 floors
- refurbushed in 2020
- Located in Marylebone, an affluent area in central london
- good state of repair
6
Q
What is the definition of Fair Value?
A
‘The price that would be received to sell an asset, or paid to. transfer a liability, in an orderly transaction between market participants at the measurement date.
7
Q
Why is it important to verify comparable data?
A
8
Q
Whats the difference between MV and FV?
A
