What reduces the value of a property?

Do you know that there are certain attributes that may reduce a property’s value. These include:

1. Proximity to main road traffic.

2. Mixed use property e.g. residential/commercial.

3. Environmental risks e.g. overhead power lines.

4. Poor proximity to public transport, shops and other amenities.

5. Poor room layout and design which reduces openness of internal areas.

6. The size and layout of rooms.

7. Small land component.

8. Poor state of repair of the buildings.

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