Evaluation of the economic growth in the particular region where the said property is present along with the recent price trends is another important part of the whole process of property valuation. This gives the buyers an idea regarding the future value of the property valuation Cannock in question. Based on this, those interested can decide whether to invest in the venture for later gains. The comparable sales method estimates the value of a house by comparing it to prices of similar property sold in similar locations within a recent period of time. This is useful when there is good evidence of previous sales and is the most prevalent method in the residential property market. It reflects actual market prices, but neglects whether the property investment will be profitable or not. The income approach is when the present worth of the property is estimated on the grounds of projected future net income, thereby focussing on the profitability of a property investment. However, it neglects its worth in comparison to the overall market.

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