You can use Landchecker's residential comparable sales tool to find properties similar to your subject property that have recently sold. This article explains how to search for comparable sales, adjust your search criteria, and review the results on the map.
What are Residential Comparable Sales?
Residential comparable sales are properties similar to your subject property that have recently sold in the same area. These sales help you assess market value by comparing key attributes like property type, land size, number of bedrooms and bathrooms, and sale price.
Real estate agents, valuers, and property professionals use comparable sales to determine appropriate pricing and market trends.
Who can Access Residential Comparable Sales?
The residential comparable sales functionality is available on Landchecker's Advanced and Enterprise plans. If you're on a different plan and want to access this feature, you'll need to upgrade your plan. Simply visit our plans page here.
How to Search for Residential Comparable Sales
Follow these steps to find comparable sales for your subject property:
Step 1: Select Your Subject Property
Start by selecting the property you want to compare local sales to. You can do this by:
Searching for the property address in the search bar at the top of the map
Clicking directly on a property on the map to select it
Once selected, the property information panel will open on the right side of your screen.
Step 2: Open the Comparable Sales Tool
Click on the comparable sales icon located on the left side of your map. This will open the comparable sales search panel with pre-filled criteria based on your subject property.
The search criteria are automatically populated with details from your subject property, including:
Category (residential)
Property type (house, apartment, townhouse, etc.)
Price range
Land area (size in square metres)
Property attributes (number of bedrooms, bathrooms, car spaces)
Step 3: Run Your Initial Search
Scroll down to the bottom of the search criteria panel and click the Search button to see comparable sales results. The map will display pins showing properties that match your criteria, with sale prices visible on each pin.
Step 4: Refine Your Search Criteria
You can edit your search criteria to narrow down the results and find properties of similar value in the area. Adjust any of the following criteria:
Price range: Increase or decrease the minimum and maximum sale price to find properties in your target price bracket.
Land area: Adjust the land size range to find properties with similar lot sizes to your subject property.
Property attributes: Modify the number of bedrooms, bathrooms, or car spaces to match your requirements more closely.
Date range: Change the timeframe to see more recent sales or expand the period to include older transactions.
After making changes, click Search again to update the results on the map.
Step 5: View Comparable Properties on the Map
Once you run your search, the map displays the comparable sales results:
Pins appear on properties showing their sale prices
Properties within your search criteria are clearly marked
Hover your mouse over any pin to see a pop-up profile with key property data
The pop-up profile displays essential information including:
Property address
Sale price
Sale date
Land size
Number of bedrooms, bathrooms, and car spaces
Property type
Step 6: Investigate Individual Properties in Detail
For a closer look at any comparable property:
Click on the residential address in the pop-up profile
You'll be directed to the detailed property information panel on the right side of the screen
Review comprehensive property details, including sales history, property attributes, and planning information
You can move between each marked property on your map to conduct your review and comparison. Zooming in and out on the map gives you a good sense of how residential properties relate to one another in the vicinity of your subject property.
Saving Your Comparable Sales Results in a Project
Once you've identified relevant comparable sales, you can save these properties to a project for easy reference and future analysis.
Step 1: Enable Draw Mode and Select the Map Pin Tool
Before running your comparable sales search:
Click on the drawing tools icon in the right-hand side toolbar
Select the map pin tool from the available drawing options
This activates draw mode, which you'll need to mark your comparable properties
Step 2: Run Your Comparable Sales Search
With draw mode active, run your comparable sales search following the steps outlined above. The map will display pins showing properties that match your search criteria.
Step 3: Mark Comparable Properties with Map Pins
To mark properties you want to save:
Zoom in to the comparable sales results on the map
Click to drop a pin on each property you want to mark
Repeat this process for all the comparable properties you wish to save
The map pins will help you visually identify which properties you've selected for comparison
Step 4: Exit Draw Mode
Once you've finished placing pin markers on all relevant properties:
Click the X button at the top center of the map where the draw mode status shows
This exits draw mode and allows you to select properties on the map
Step 5: Save Properties to a Project
Now you can save your marked properties:
Click on a property you marked with a pin
Maximise the right-hand side property information panel
Click the Save to Project button
A pop-up window will appear with project options
Step 6: Create a New Project or Add to Existing
In the pop-up window, you can:
Create a new project specifically for your comparable sales results by entering a project name such as "Comparable Sales - [Subject Property Address]"
Add to an existing project if you've already created one for this analysis
Repeat steps 5 and 6 for each property you've marked with a pin.
Creating a dedicated project for your comparable sales allows you to organise all relevant properties together, making it easier to:
Review and compare properties side by side
Add notes about specific comparables
Share the project with clients or team members
Export the list for reporting purposes
Return to your analysis at any time
Tips for Effective Comparable Sales Searches
To get the most relevant comparable sales results:
Start broad, then narrow: Begin with wider search criteria, then gradually narrow the parameters to focus on the most similar properties.
Consider recent sales: More recent sales typically provide better indicators of current market value. Focus on properties sold within the last 3-6 months for the most accurate comparisons.
Check multiple attributes: Don't rely on just one criterion like price or land size. Look at the full combination of attributes to find truly comparable properties.
Review location context: Use the map view to understand how location factors like proximity to amenities, main roads, or parks might affect property values in the area.
Save promising properties: You can save comparable properties to a project for easy reference and to share with clients or team members.
Need Help with Comparable Sales?
If you have questions about using the residential comparable sales functionality or need assistance with your search, contact our support team by clicking the live chat icon in the bottom right corner of the platform, or email us at support@landchecker.com.au.
To experience the complete Landchecker application, including residential comparable sales on the map, visit our plans page to view available options and upgrade if needed.