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Valuations of retirement village units include detached or semi-detached residential dwellings with car parking and small private yards.
Residents pay an amount on entry for a license granting the right of occupation. On departure from the village, an agreed proportion of either the original purchase price or the sale price is paid to the outgoing resident.
We provide two figures; a current value of the unit as is and the other figure based on small improvements, ie paint, new floor coverings etc.
Valuations figures are based on comparable units sold in the same establishment and similar establishments while also including sales of similar non retirement village units.
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