Demand for a property of this type is reasonable. The property is generally surrounded by similar style flats, and some commercial units.
The positive attributes of the property are garden, garage. The negative attributes of the property are on a busy road.
The Adjusted Valuation Range for the subject property is approximately £280,000 to £300,000. My opinion of market value is at the upper end of the range which reflects XXX. The PP is £300,000 and my opinion of market value is £300,000.
Comparable 1, 2 and 3 have an EPC rating of C. This is better than the subject property. The market is not reflecting different EPC ratings at present. Consequently, whilst there is a theoretical difference in value, no actual adjustment is considered appropriate in the current market place.
Comparable 1 sold for more than 10% above the subject property's valuation. Despite this variance, it is considered the best available evidence because of the size.
Comparable 2 is 1.5km distance away, it is considered the best available comparable evidence because XXX. The comparable locations are better than the subject property and a downwards value adjustment is necessary.
Comparable 5 let 8 months ago, it is considered the best available rental comparable evidence because XXX. The market has been static since the letting was agreed and no value adjustment is necessary.
The subject property has an EWS1 with A1, A2, B1.