Assignment 1 (A1)
Undertaking a Property Analysis
25% of unit assessment (Maximum 2,500 words)
Context:
This assignment builds on the information discussed throughout the classes (lectures.) The aim of the assignment is for each student to gain knowledge about their local residential property market and how to examine properties within their local market. This is an individual assignment, please read the instructions carefully.
Approach:
Each student should become familiar with the residential market in the vicinity of where they live.
(This information will also be used in the next assignment.)
There are four (4) separate tasks to be undertaken in this assignment as listed below.
1. Identify 2 residential properties: one house (free-standing) and also a unit/apartment:
Discuss the process you took in locating and inspecting each property.
Describe each property including the land and also the building.
Include a photo of each property and a map of the locations.
Add any other relevant information.
This task is quite in simple in essence so consider different ways in which you can add value to your work. Consider also your presentation and visual style.
2. Local Market data: Discuss the current state of the surrounding housing market (which is the area of the properties.) For example, what is the direct distance to shops, to transport, to schools, to the centre of the city and to other significant local land-marks? What are other (aspects) about the local area which may affect value?
3. Financial information: What is the current (estimated) sale price of each property?
What is the rental amount (per year)? What is the yield/return/ROI?
How did you find the sale price for the properties, rental information?
What method did you use to determine the yield? (Show your calculations.)
4. Information sources: State all information sources used, both within the text and also in the reference list.