A Comprehensive Valuation Report on a Proposed Mortgage Property

Abstract

This report presents an in-depth property valuation of a proposed mortgage, located in Dhaka, Bangladesh. The study includes a detailed examination of the land, building structure, utilities, and other factors influencing the property's overall market value. The property surveyed is a three-storied residential building, with a plinth area of 2490 sq. ft. and a total floor area of 6232 sq. ft. The structure is built on a pile foundation with an RCC frame, ensuring durability and stability. Utilities such as gas, water, and electricity are readily available, enhancing the property's appeal. The market value of the property was calculated at Tk. 4,23,27,500.00, while the forced sale value is estimated at Tk. 3,38,62,000.00. Depreciation was applied using the Straight-Line Method at a rate of 2.5% annually. Furthermore, the value of the property as eligible security was assessed at Tk. 2,11,63,750.00. This valuation report highlights the importance of precise and reliable property assessment, particularly in the context of mortgage security. The findings affirm that the property holds significant market value and serves as a secure asset for both the lender and the borrower due to its advantageous location and the ongoing development of the surrounding area.