To value a property like Normanton Park, methods include:
- **Direct Comparison**: Compare with similar recent sales, adjusting for attributes.
- **Income Approach**: Calculate value based on rental income (less common for residential).
- **Cost Approach**: Land value plus replacement cost minus depreciation.
- **Indicative Valuation**: Use online tools and recent transaction data.
For Normanton Park, considering recent transactions, property attributes, and market trends, a valuation of around $1,930,000 is estimated.