SCOPE OF WORK
This valuation has been undertaken by Malcolm Stanley Gillanders who is in a position
to provide an objective and unbiased valuation, has no material connection or
involvement with the subject of the valuation assignment or the party commissioning the
report, and is competent with the appropriate experience and qualifications to undertake
the valuation.
This valuation has been prepared on instructions from Private Ordering System for the
purpose of current market value. This long form pdf report is not to be relied upon by any
other person or for any other purpose. No responsibility is accepted in the event of this
report being used for any other purpose or by any other party than to whom it is
addressed. The publication of this report or part or any reference hereto or to the
valuation figures contained herein or to the name and professional affiliation of the valuer
without written approval is prohibited.
The asset valued is 115a Normandale Road Normandale Lower Hutt
The basis of the valuation is current market value, that is, the estimated amount for which
a property should exchange on the date of valuation between a willing buyer and a
willing seller in an arm’s length transaction after proper marketing wherein the parties
each acted knowledgeably, prudently, and without compulsion.
The valuation date is 24 October 2019 .
We have carried out an inspection of the property for valuation purposes, and as such this
report is not a site, structural, or engineering survey, nor does this report constitute a
boundary survey, survey pegs have not been located, and it is assumed that the property is
built within the legal boundary.
We have sourced information in relation to this property, including a Title search, Local
Body rating information, and comparative sales information.
Any other assumptions made in the preparation of this report are contained within.
This valuation has been prepared in accordance with International Valuation Standards
2017 effective from 1 July 2017 including IVS Framework, IVS 101 Scope of Work, IVS
102 Investigations, IVS 103 Reporting, IVS 104 Bases of Value and IVS105 Valuation
Approaches and Methods.
This report complies with the Residential Valuation Standing Instructions version1.3.
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115a Normandale Road Normandale Lower Hutt