COMPARATIVE PROPERTY VALUATION METHOD

This is one of among one of the most common methods of Valuation. This method includes the comparison of all the similar properties such as similar in structure, age, structure or dwells in the same area. The 8,000 sq ft first phase of the scheme is being developed by Lincoln-based developers Valuers Melbourne and Lindsey Securities Limited in association with English Partnerships and marketed by sole agents chartered surveyors and property consultants, Hodgson Elkington. It is the first joint venture of its kind in Lincoln.

This method leads to the Open Market Value of the property. We believe the development will fill a gap in what is generally now acknowledged as tile leading industrial and commercial center for the city of Lincoln in a niche area of the market,” said Hodgson Elkington associate, Stephen Bradford.

To make this method a success it is very essential to get the actual sales price of the property along with actual facts and figures. The first 8,000 sq ft phase is sub-divided into four individual units and has been built by Trent Valley Developments, who are based on Lincoln’s Westminster Trading Estate.

We are pleased to have been associated with English Partnerships on this site and hope it will lead to new opportunities in the future,” said Lindsey Securities director, Robin Taylor.

This regenerative project is the first industrial scheme we have supported in Lincoln and we hope it will be the forerunner of many others. it will bring new employment prospects to the city,” said Graham Corbett, Development Manager for English Partnerships (East Midlands) the Government’s Urban Regeneration Agency.