Afik HanahalDetached house (ground-attached)
In short
With a house you own the land, not just the dwelling. So, especially in the Sharon, the value of an old house on a large plot can be mostly land value - and many buyers purchase it to demolish and rebuild.
The professional explanation
Types: single (single-family) house, semi-detached (two houses sharing a wall or a split plot), terraced cottage, villa. In the Tabu the house may be registered as an independent parcel or as a sub-parcel in a "ground-attached" condominium.
Value = land value by rights + structure value less depreciation. When the structure is old, the "demolition value" (vacant land) is sometimes higher than the house as it stands.
Special checks: building deviations, unused rights, easements and rights of way, building lines, and new plans that may affect the neighbourhood.
Example from the field
A 1970s house on a 700 m² plot in Hod Hasharon sold to a buyer planning to demolish and build a semi-detached pair. The price was set by the plot's building rights, not the house's condition.