Work out property valuation instantly with clear inputs, formula shown and shareable results.
The land and building method values the two components separately: land at the prevailing rate for comparable plots, and the structure at its depreciated replacement cost per square foot. Adding them gives the indicated value, and dividing by built-up area gives the headline rate a buyer will compare against listings.
Land and building method
Value = land area x land rate + built-up area x depreciated construction rate
Value = land area x land rate + built-up area x depreciated construction rate. The land and building method values the two components separately: land at the prevailing rate for comparable plots, and the structure at its depreciated replacement cost per square foot.
They behave differently over time: land generally appreciates while the structure depreciates. Separating them also matters for insurance, which covers only the building, and for tax depreciation.
This calculator takes 4 inputs: Land area, Land rate, Built-up area, Depreciated construction rate. The pre-filled defaults are a realistic worked example — replace them with your own site or project figures.