Page 15 - THE GROVE, Malvern_Investment Pack_20180709
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Site Acquisition - 2-4 Cummins Grove Malvern
No. Date of Sale Address Price Sold for Land Size Condition Price PSM Spec Comp Value
1 May-17 56 Hunter St Malvern $ 1,873,000.00 505 Livable $ 3,708.91 3bed 2bath 2car $ 2,517,732.00
2 24-Feb-18 50 Horace St Malvern $ 2,905,000.00 700 Needs Renovation $ 4,150.00 4bed 2bath 2car $ 2,817,850.00
3 30-May-18 8 Staniland Ave Malvern $ 3,500,000.00 811 Needs Renovation $ 4,315.65 4bed 2bath 2car $ 2,929,885.00
4 Apr-17 5 Finlayson Malvern $ 2,510,500.00 565 Herritage $ 4,443.00 4bed 2bath 1car $ 3,016,797.00
5 Sep-16 39 McKinley Ave Malvern $ 2,500,000.00 530 Herritage $ 4,716.00 3bed 1bath 1car $ 3,202,164.00
6 Jun-17 8 Grace Street Malvern $ 3,205,000.00 660 Livable $ 4,856.06 3bed 2bath2car $ 3,297,224.00
7 19-May 63 Wheatland Road Malvern $ 2,955,000.00 570 Average Condition $ 5,184.21 5bed 2bath 2car $ 3,519,936.00
8 May-17 2 Dixon St Malvern $ 2,825,000.00 448 Livable $ 6,305.80 4bed 2bath 2car $ 4,281,095.00
* Calculated excluding highest and lowest direct comparables.
As the site was acquired through private negotiation over twelve months ago the current estimated value is
$3,130,642.66
This price is based on the above data on direct comparisons of properties with same conditions, sold in the last 12
months, of proportional size and under 500meters from location.
Townhouse Development Comparables - 2-4 Cummins Grove Malvern
Comp Value - House 1 Comp Value - House 2
No. Date of Sale Address Price Sold for Int house Size Condition Price PSM Spec 347msq 370msq
1 1-Jun-15 15 Spring Rd Malvern $ 3,900,000.00 490 Sold from Renders $ 7,959.00 4bed 4bath 6car $ 2,761,773.00 $ 2,944,830.00
2 Feb-17 18 Silver St Malvern $ 3,225,000.00 353 Modern - Med spec $ 9,136.00 4bed 3bath 2car $ 3,170,192.00 $ 3,380,320.00
3 Feb-17 17 Spring Rd Malvern $ 5,075,000.00 410 Modern - Med level $ 12,378.00 4bed 5bath 6car $ 4,295,166.00 $ 4,579,560.00
4 Mar-17 9 Fraser St Malvern $ 3,010,000.00 224 Livable 90's build $ 13,437.00 4bed 4bath 4car $ 4,662,639.00 $ 4,971,690.00
5 Mar-18 6b Henderson Ave Malvern $ 5,040,000.00 269 Same Spec $ 18,736.00 4bed 3bath 2car $ 6,501,392.00 $ 6,932,320.00
* Calculated excluding highest and lowest direct comparables.
Based on the above data and our proposed development and pricing, our project would be priced as fellows.
House 1: $3,750,000.00 House 2: $4,000,000.00
This price is based on the above data on direct comparisons of properties with same conditions, sold in the last 12
months, of proportional internal size in Malvern.
THE GROVE MALVERN INVESTMENT PACK
