Valuations of carparks can be tricky. On one hand they are undeniably property, on the other hand they do not have any structure in place and are purley a space. To experts however, there is more than meets the eye. Aside from basic information about a car park, such as its size, its value is greatly swayed by the ownership or leasing status of the attached property. Furthermore, separate sales of car parks are rare, which makes it difficult to estimate market value.
Fortunately, Romeo Property Valuers’ veteran property valuers are highly experienced and well-versed in particularities of even more obscure valuation tasks. We are confident that we will be able to arrive at the most accurate valuation possible for your car park.
Romeo Property Valuers is staffed with highly qualified Registered Property Valuers combining over 50 years of property valuation experience. We are experienced and have completed many deceased estate valuations in Sydney.
The Director, Vincent Romeo, sits on the Board the Australian Valuers Institute and acts as an advisor and mentor to many Registered property Valuers throughout NSW.
Romeo Property Valuers have acted for many Private, Corporate and Government clients in their tenure as one of the leading Valuation firms in NSW enabling Vincent Romeo an opportunity to offer his property valuation expertise on Channel 10’s popular lifestyle show “The Living Room”.
Other than being highly accredited as Registered Property Valuers throughout NSW we have an extensive range of knowledge and experience in the Property Analysing process and pride ourselves on delivering comprehensive property analysis and subsequently reliable and accurate property valuations. We are constantly observing and educating ourselves with the trends and changes in the market in order to make sure your property valuation is accurate, precise and reliable.
To make an informed property purchase or else in order to obtain solid returns on your home’s equity, you require accurate and realistic data. We strive to deliver market-leading strategic and innovative property advice using state-of-the-art valuation and information technology systems in order to enable you to make informed financial decisions.
Examples of things that change the value of a car park:
There may be more considerations, depending on the location. A qualified property valuer on-site will be able to determine what is important.
As a general rule, attached car parks are typically worth less than unattached ones. This is because they are often located in more built-up areas and so are subject to more restrictions on their use.
It is important to have a clear understanding of the market value of the car park for both owners of the property and for anyone before entering into any leasing agreement. By carefully managing a car park, you can maximise its value and generate a reliable stream of income, and also have it considered a boost to an attached property’s value.