4 Things Eastern Suburbs Buyers Agents Consider When Valuing Properties

Introduction

Eastern Suburbs buyers agents consider a variety of factors when valuing properties. When it comes to real estate, no two properties are ever the same, even when they share the same suburb, the same price tag, and a similar lifestyle appeal. A recent example in Sydney’s Eastern Suburbs highlights just how many variables play into property value. Two homes, each valued at $4 million, sit less than a kilometre apart. Yet, their features, locations, and potential couldn’t be more different. So how do we break down their worth? Let’s take a closer look from the perspective of a buyer’s agent in the Eastern Suburbs of Sydney. Here are four things we consider when valuing properties:

1. 1. Location 

      The first property sits just 200 metres from the beach, offering the type of proximity that’s usually at the top of a buyer’s wishlist. For this home, location alone can account for as much as $2 million of its value. In contrast, the second property is on the western side of Anzac Parade, still within the suburb but further away from the sand and surf. Here, location contributes about $1 million of the price tag. The principle is clear: closeness to lifestyle amenities like beaches, cafes, or transport hubs heavily sways property prices. According to Domain’s 2023 Liveability Report, suburbs within a short walk of water consistently command premiums of 20 to 40 per cent compared to inland streets. An Eastern Suburbs buyers agent would always factor this into negotiations.

   2. Land Size

      Beyond location, the land beneath the property makes a huge difference. The beachside home sits on a 250 square metre block, worth about $1 million in land value. The western property boasts 400 square metres, which doubles the land value to $2 million. Larger blocks not only offer space but also flexibility for future extensions or redevelopment. In land-scarce suburbs, that potential can push up demand significantly, something a local Eastern suburbs buyers agent, such as a Coogee buyers agent, knows how to evaluate.

   3. House Quality and Renovations 

      Of course, land is only part of the picture. The house itself matters too. The beachside property is a rundown two-bedroom semi with no parking. Its improvements are modest, valued at around $500,000. The western side property, by contrast, is a renovated four-bedroom home with a pool. The improvements here are worth roughly $1 million. Buyers often underestimate just how much renovations and amenities influence marketability. A pool, modern kitchen, or additional bedroom can shift not just the value but the entire buyer demographic. This is where a buyer’s agent Eastern Suburbs can help identify the long-term benefits.

   4. Views

      Finally, we come to one of the most subjective but powerful factors: the view. The beach property enjoys ocean views, adding an estimated $500,000 to its valuation. The other home doesn’t have this luxury, which means no premium attached. Numerous studies have shown that water views can add anywhere from 30 to 80% to a property’s value, depending on the exclusivity and permanence of the outlook. Local buyers’ agents, like buyers agents in Bondi, will have the best idea of how much a good view can drive up the price.

Putting It All Together

Here’s how the numbers stack up:

• Beachside property: $2M (location) + $1M (land) + $500K (improvements) + $500K (views) = $4M.
• Western property: $1M (location) + $2M (land) + $1M (improvements) + $0 (views) = $4M.

Same suburb. Same price. Very different breakdowns. An Eastern Suburbs buyer’s agent will always break down figures in this way so clients understand the true value.

The Bigger Picture: More Than 50 Variables

What’s fascinating is that this example only considers four key factors: location, land size, improvements, and views. In reality, property valuation involves over 50 variables. These can include orientation, street noise, heritage restrictions, school zones, parking, and even the neighbourhood vibe. Professional valuers and buyers’ agents weigh all of these elements to build a complete picture. For everyday buyers and sellers, understanding even a handful of these can make the difference between overpaying and spotting hidden value. A buyer’s agent in the Eastern Suburbs can guide you through all of these complexities.

Why Should You Contact a Buyers Agent in the Eastern Suburbs?

These two $4 million properties in Maroubra show how diverse the real estate equation can be. One leans on lifestyle and prestige, the other on space and liveability. Both are equally valid and equally valuable, depending on what a buyer is seeking. If you’re trying to assess property value yourself, remember not to stop at location or square metres. Look at the full suite of factors, and where possible, lean on expert advice. By working with a buyers agent Eastern Suburbs like PivotPB, you’ll have someone who knows exactly what to look for and how to weigh the many variables. Our Pivot Pinpoint System™ is a proprietary, cutting-edge tool designed to give property buyers a true competitive edge. Built on insights from over $1.5 billion in property transactions across 14 years, this innovative system helps buyers identify and secure the exact property they’re looking for. Contact us today to learn more.