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****LOCATION ****
PLOT NO: 5360 IN RUSUMO CELL, BUTARO SECTOR, BURERA DISTRICT, NORTHERN PROVINCE.
CONSULTANT: Eng. Jean Pierre NDAYISENGA
CERTIFIED VALUER
Phone: +250 783 544 255
November, 2013
PROPERTY VALUATION REPORT
OWNER: NSHIMIYIMANA Adrien
EXECUTIVE SUMMARY
Valuation report no: NDJP/EG/Bra/21/11/2013 Date: 21/11/2013
Property
Identification
Category of Property Medium Standing
The intended use Residential
Location
Plot number: 5360
Plot Area: 1247 sqm
Location: Rusumo Cell, Butaro Sector, Burera District, Northern Province.
Photos are attached.
Physical
conditions of the
property
The property is in the following conditions
The property is located in Butaro center near sector’s
ofice.
Land is surrounding by Residential & commercial
properties.
Lease contract documents have been issued to this
property.
Ownership
Ownership is by Title deed- 20 years lease contract
Owned by: NSHIMIYIMANA Adrien
VALUATION SUMMARY
Established value for
completed works
Ninety Two Million Four Hundred Forty Three Thousand Rwandan Francs
(92,443,000 Rwf)
Prepared by Ir. Jean Pierre NDAYISENGA
INTRODUCTION
Aim of valuation
As requested by Mr. NSHIMIYIMANA Adrien, to carry out survey/Valuation of his property
in plot no 5360, in Rusumo Cell, Butaro Sector, Burera District, Northern Province. On 22th November, 2013, Eng. Jean Pierre NDAYISENGA, certified Valuer assisted by Eng. Vianney
NTIBAZIYAREMYE conducted the site/field survey to gather with the client for data collection leading to this final report.
NSHIMIYIMANA Adrien needs to know the current value for this Property, after expressing the idea he assigned me to prepare for him the valuation report. Therefore this valuation report establishes:
The Current Value of Land
The current value of Residential Houses
THE VALUER
Name: Eng. Jean Pierre NDAYISENGA
Professional status: Certified Valuer
Institute of Real Property Valuers registration number: IRPV/084/2012
Registration number in Certified Valuers Register: RC/IRPV/ IRPV/084/2012
Address:
Tel: + (250)783544255
Email: [email protected]
PROPERTY DETAILS
Name of property owner: NSHIMIYIMANA Adrien
Location: Rusumo Cell, Butaro Sector, Burera District, Northern Province.
Plot number: 5360
Plot Area: 1,247 sqm
Ownership papers: 20 years lease contract.
ANALYSIS
Materials
- Foundation in rubble stone with cement
- Brick walls with cement mortar
- Timber roof truss and corrugated iron sheets
- Tiled floor and bath room appliances in ceramic materials
- Metal doors and exterior windows
- Plywood ceiling boards
- Paint on cement plastered walls
- 5 bed rooms, sitting, dinning and 2 bath rooms with 2 verandah
- 3 small houses and septic tank
- Sanitary fittings
- Water and electricity/ EWSA
- Flower garden
- Concrete paved parking and drying yard
- Concrete columns and lintel.
Valuation methods
This valuation is governed by gazette law N°17/2010 of 12/05/2010 which establishes and
organizes the profession of real property valuation in Rwanda.
Adopting the valuation methods stipulated in the law the relevance of each method is tested in
favor of the property in question as follows:
Comparable prices method
Argument
Many plots have similar physical conditions similarities. However there are enough comparable sales records for the last 6 months.
Conclusion
Comparable prices method suits the aim of this valuation.
Comparison of land values countrywide as an alternative land valuation method,
Argument
As above
Conclusion
As above
THE FOLLOWING IS THE ACTUAL SITUATION:
№ Development determinant Yes No
1. Is there tarmac main road √
2. Are there tertiary tarmac roads √
3. Is there storm water drainage facility in the
interior of the area
√
4. Is there waste water drainage facility in the area √
5. Is there power supply line √
6. Is there water supply line √
7. Are there fire hydrant terminals √
8. Is there fiber optic line √
9. Is public transport adequate √
10. Is there a shopping center √
11. Is there accessible nursery school in the area √
12. Is there accessible secondary school in the area √
13. Is there accessible university in the area √
14. Is there big number job provider (factory, hotel,
market etc.)
√
15. Are there sporting/ exercises facilities (gym etc.) √
16. Is there children play ground √
17. Is there a modern market √
VALUATION
I. MAIN HOUSE
1 Built year 2,013 year
2 Built area 291 Sqm
3 Unit Price/Sqm 200,000 Rwf
4 Actual Value 58,290,000 Rwf
5 Depreciation - RwfCurrent Venal Value 58,290,000 Rwf
II. SMALL HOUSES
1 Built year 2,013 year
2 Built area 180 Sqm
3 Unit Price/Sqm 70,000 Rwf
4 Actual Value 12,600,000 Rwf
5 Depreciation - RwfCurrent Venal Value 12,600,000 Rwf
III. FENCE AND RETAINING WALLS
1 Built year 2,013 year
2 Built area 370 Sqm
3 Unit Price/Sqm 45,000 Rwf
4 Actual Value 16,650,000 Rwf
5 Depreciation 1,332,000 RwfCurrent Venal Value 15,318,000 Rwf
IV. Plot/ Land
1 Parcellar Area 1,247 Sqm
2 Unit Price/Sqm 5,000 Rwf
Current Value 6,235,000 Rwf
V. SUMMARY
1 MAIN HOUSE 58,290,000 Rwf
2SMALL HOUSES & WASTE WATER
DRAINS 12,600,000 Rwf
3 BRICK FENCE AND RETAINING WALLS 15,318,000 Rwf
4 LAND 6,235,000 RwfCurrent Value 92,443,000 Rwf
Total value in words:
Ninety Two Million Four Hundred Forty Three Thousand Rwandan Francs (92,443,000 Rwf)
DESCRIPTIVE PHOTOS