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Thanks Scotty.
I knew there were different types of current valuations, e.g. for insurance (rebuilding) or for market sale, but I didn’t realise you could get an historic valuation.
@Aquarian said:
3. the four lots on the lowest level have unit entitlements of 11; the four on the next level up have UE of 12; the four on the third level have UE of 13 and the two on the top level have UE of 14. Unit entitlements total 200
I think he meant the top level (penthouses) currently have a UE of 28 each, which came about as explained in point (7), otherwise the total wouldn’t be 200.
So the question is, is each penthouse twice the floor space of a lower unit, or did the building end up as some sort of stepped pyramid?
Floor space has to be a significant contributor to the “value” for UE purposes, perhaps the major contributor.
I’m not trying to do the valuer’s job here, but knowing this information might help Aquarian evaluate whether an application for a reallocation of UEs is worth pursuing.