Danny Moller aged 60 invested in an 8-bedroom house in East London Beach front on an asset 15 May 1991 for R2 700 000. On 30 September 2000 he added 2 bedrooms at a cost of R1 800 000. The Market Value of the property increased to R3 750 000 on 1 October 2001. The time-based value apportionment cost is R3 450 000. Danny renovated on 30 November 2019. The renovations amounted to R450 000. He sold the Property for R2 400 000. The Valuation date Value would be?

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