High Road, Whetstone, N20
The Instruction
Our client required professional advice regarding the Market Value of a two-bedroom purpose-built flat on High Road, Whetstone.
Stokemont’s Valuation team were instructed to undertake a Market Valuation, providing the client with an independent assessment of the property’s value based on its characteristics and the prevailing local market.
The Property
The property was a two-bedroom purpose-built flat situated on High Road, Whetstone, within an established residential area of North London.
Its location provided convenient access to local amenities and transport connections, including East Finchley Underground station, which was an important consideration when assessing the property’s appeal within the local market.
Key Valuation Considerations
Location
The property’s proximity to established transport links and local amenities was considered when assessing its marketability and position within the local residential market.
Property Type
As a purpose-built two-bedroom flat, the property was assessed against relevant comparable residential transactions of a similar type and character.
Comparable Evidence
Available market evidence was analysed to identify appropriate comparable properties and assess how differences in location, accommodation, condition and other relevant characteristics affected value.
Market Position
The property’s characteristics were considered in the context of prevailing demand for well-located two-bedroom flats within the local market.
Our Advice
Our Valuation team assessed the property’s accommodation, location and characteristics before considering relevant market evidence.
The valuation provided the client with an independent professional opinion of Market Value, supported by analysis of appropriate comparable evidence.
The Outcome
Stokemont provided the client with an independent RICS Market Valuation of the property, giving them a clear assessment of its position within the local residential market.
The instruction demonstrated the importance of considering both the physical characteristics of a property and its location when assessing Market Value.
Stokemont provides RICS Market Valuations for residential and commercial properties throughout London and the surrounding areas, supported by professional market analysis and comparable evidence.
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