Marcus Cornelius Noorbergen v Valuer General [2004] NSWLEC 243

Land and Environment Court of New South Wales

CITATION : Marcus Cornelius Noorbergen v Valuer General [2004] NSWLEC 243 APPLICANT Marcus Cornelius Noorbergen PARTIES : RESPONDENT Valuer General FILE NUMBER(S) : 31372 of 2003 CORAM: Watts C at 1 KEY ISSUES: Valuation of Land :- Land Value under s 6A of the Valuation of Land Act 1916 LEGISLATION CITED: Valuation of Land Act 1916 ss 37 and 6A Lake Macquarie Local Environmental Plan 1994 CASES CITED: DATES OF HEARING: 18/05/04 DATE OF JUDGMENT: 05/18/2004

APPLICANT Mr M C Noorbergen in person LEGAL REPRESENTATIVES: RESPONDENT Ms T Jowett, barrister, instructed by Ms S Gordon, solicitor

JUDGMENT: Appeal No: 31372 of 2003 6

Marcus Cornelius Noorbergen v Valuer-General

Judgment

1 This is an appeal under s 37 of the Valuation of Land Act 1916 No 2 against the decision of the Valuer-General to assign a land value at Lot 1, DP 1039133, being No 126 Lake Road, Balcolyn, NSW 2264, at One Hundred and Thirty-Four Thousand Dollars ($134,000), in respect of Valuation No 2959502 (Lake Macquarie District), as at 1 July 2001. 2 Mr K B Bayliss Registered Practising Real Estate Valuer No 807 (without limitation) during the hearing determined the land value of the subject land to be $300,000 as at 1 July 2001. Land 3 The land is located on the south-eastern corner of Lake Road and Yarrawonga Park Road at Balcolyn. Balcolyn is a residential suburb located in the Morisset peninsula on the western side of Lake Macquarie. The township and railway station of Morisset are about 8k distant. Bonnells Bay shopping village is 3k distant. 4 Primary and high schools are within easy commuting distance and are serviced by private buses. 5 There are about eight (8) similarly sized holdings on the southern side of Lake Road. Typical residentially sized allotments are found on the northern side of Lake Road and erected upon these lots are modern, detached, average quality residential dwellings. 6 On the western side of Yarrawonga Park Road is the Crusaders Lake Macquarie Outdoor Recreation Centre. Land value 7 Under s 6A Valuation of Land Act 1916 No. 2 'land value' is: 6A(1) The land value of land is the capital sum which the fee-simple of the land might be expected to realise if offered for sale on such reasonable terms and conditions as a bona-fide seller would require, assuming that the improvements, if any, thereon or appertaining thereto, other than land improvements, and made or acquired by the owner or the owner's predecessor in title had not been made. (2) Notwithstanding anything in subsection (1), in determining the land value of any land it shall be assumed that: (a) the land may be used, or may continue to be used, for any purpose for which it was being used, or for which it could be used, at the date to which the valuation relates; and (b) such improvements may be continued or made on the land as may be required in order to enable the land to continue to be so used, but nothing in this subsection prevents regard being had, in determining that value, to any other purpose for which the land may be used on the assumption that the improvements, if any, other than land improvements, referred to in subsection (1) had not been made. (3)… Zoning 8 The land is zoned Residential 2(a) under the Lake Macquarie Local Environmental Plan 1994, (LMLEP). Dwelling houses are permissible with consent under the LMLEP. There is also a draft planning scheme in course of preparation, under which the land is also proposed to be zoned Residential 2(a), but this zone is not relevant for the present appeal. 9 Under s 79C of the Environmental Planning and Assessment Act 1979 the provisions of an environmental planning instrument are to be taken into account in assessing development applications and land value might well be influenced as a result of the statutory controls. 10 Lake Macquarie Council told Mr Bayliss that a 61-lot residential subdivision had been lodged in 1983 and was later withdrawn. A building approval for a dwelling on the land was granted consent on 21 October 1991 and septic tank approved on 4 November 1991. 11 Mr Bayliss calculated the land value based on the subject Lot 1 being used as a single home site. The appellant's contention of land value 12 The appellant contends for a lower land value than that determined by the Valuer-General at $89,461.50. He had allowed for the removal or restoration of a partly erected dwelling on the land. Issue 13 To determine the correct land value. Hearing 14 At the hearing the Court heard evidence on behalf of the Valuer-General from: · Mr K B Bayliss, Registered Valuer No 807, (without limitation). 15 Evidence for the appellant was given by. · Mr M C Noorbergen, in person. Evidence and submissions 16 Mr Bayliss determined the 'land value' of No 126 Lake Road, Balcolyn, as at the base date of 1 July 2001 and had regard for comparable sales of nearby land. Sales evidence 17 As there are only eight similar sized, similarly zoned properties in the locality, sales evidence transacted in 2001 was severely limited. 18 Mr Bayliss considered the following sales to be the most comparable. SALE 1: No 29 Helena Street, Balcolyn: Sold 17/07/2001 for $98,000. Site area 686m2. Vacant, regular shaped allotment in a recently developed residential subdivision. The land rises from the road frontage to an excavated building site. No significant views.