We provide valuations reports for a wide variety of purposes.
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Residential Valuations
Don’t see what you need? We have an extensive network of local specialists and may still be able to help – please enquire.
Formal market valuations for a wide variety of purposes
Market Valuations
If you just need an indication of what a property might fetch if marketed to sell then a market appraisal from an experienced local estate agent is a basic, low cost option. They are only suitable for that purpose, however.
Formal valuations must instead be undertaken by a Chartered Surveyor who is also an RICS Registered Valuer and must be prepared strictly to RICS “Red Book” standards. Examples requiring formal valuations include:
- Grant of probate / Inheritance Tax
- Capital Gains Tax
- Tax planning
- Matrimonial valuations
- Expert witness reports for Court proceedings
- Help to Buy loan redemption
- Shared Ownership, for example staircasing
- Right to Buy
- Market Rental valuations
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Charities Act Reports
Reinstatement Cost Assessments for buildings insurance purposes
Reinstatement Cost Assessments
The majority of domestic buildings insurers use “blanket” cover, i.e. wide bandings into which a property may fall, meaning that the majority of individual householders will not need a reinstatement cost assessment. However, if your property is one of the following it is unlikely that this will apply, in which case a professional Reinstatement Cost Assessment will be required:
- An investment property / rented out
- A Listed building
- An apartment or block of flats
Important note – the reinstatement cost of a building has little relationship to the market value, and can be considerably lower or higher (particularly for Listed buildings).
The consequences of underinsurance can be severe. Overinsurance is also undesirable as your premiums may be unnecessarily high.
Valuation of leasehold property for lease extension or freehold purchase
Leasehold Reform Valuation
The various Leasehold Reform Acts give long leaseholders significant rights to extend the lease, or purchase their freehold (called enfranchisement).
As part of this process your solicitor will advise you to obtain a professional valuation which will form the basis of your negotiations with the freeholder. These valuations are complex and based on a large body of case law, and the many input variables can have very significant effects on the outcome. As such, instructing an RICS Registered Valuer with specialist experience in this type of work is essential.
Independent, qualified, professional
Quality Assured
RICS regulation ensures that we practise to globally recognised standards, behave ethically, act with integrity and honesty and have the required skills and competencies to do the job.
A mark of international valuation expertise, quality assured by a regulatory regime.
By using an RICS Registered Valuer, consumers and clients know they are working with a professional who is a technically and ethically competent.
Independent Alternative Dispute Resolution, approved by the RICS Regulatory Board