A SIMPLE WAY TO ESTIMATE THE VALUE OF AN APARTMENT

Ever wondered what an apartment might be worth without waiting for a formal appraisal?

One useful way to get a ballpark figure is to look at recent sales of comparable apartments and work backwards from the numbers.

We’ve looked at recent sales in a local building (in Grey Lynn) and calculated the approximate $/m² of internal floor area.

But there’s more to it than simply multiplying floor area by a $/m² figure.

One also needs to consider:

Internal floor area – generally the biggest driver of value
Car parks – an apartment with two parks can be worth considerably more than one with none
Bedrooms & bathrooms – layout and functionality matter
Aspect & outlook – north-facing, sun, views and privacy can all influence value
Deck/balcony – outdoor living space adds appeal
How recent the sale is – the market can move between transactions
Condition & presentation – two apartments with the same floor area can have very different values

So, what's yours worth?

If you're curious, send us your apartment number and we'll apply the same logic to give you an indicative value range — based on actual sales evidence rather than a generic online estimate.

It's not a formal valuation, but it's a great starting point for understanding where your property sits in today's market.