Valuations & Cost Assessment

Property Valuation

We provide reports to ascertain the potential open market sale value in line with RICS Red Book rules for the purpose of property transactions, taxation, probate or matrimonial purposes.

Within our valuation reports is an exceptionally detailed analysis of a wide range of comparable data which ensures the market value we provide is correct. We do not simply look for two or three comparables which support a given sale price. We  work from scratch with raw data analysis to ensure our estimate reflects what the property would genuinely sell for in the current market.

Freehold Acquisition and Lease Extension

We are often asked to calculate the cost of extending residential leases, for example where the lease is close to eighty years unexpired, where it has already fallen below eighty years or where lessees with you purchase the freehold.

This combines an estimation of the open market value with a calculation of the reversion cost and capitalisation of ground rent, as well as any necessary cost of ‘marriage value’ and ‘hope / development’ value.

Cost Assessment

Costings

We are frequently asked to prepare an itemised list of costs for repair and maintenance (costings) prior to property transactions.

Reinstatement Cost Assessment for Insurance

We frequently undertake building reinstatement cost assessment for insurance providers, often described as the ‘rebuild value’, which comprises an elemental breakdown of the ‘rebuild cost’ of your building.

Residual Valuations

We are sometimes asked to estimate the uplift in value resulting from a substantial alteration to property. This requires an estimate of value before and after the proposed works, combined with an assessment of likely construction costs.

Capital Expenditure Cost Assessment & Planned Maintenance

Many property owners and buyers ask for a cost assessment to undertake certain repair or maintenance works. This may be in the form of a planned maintenance programme, capital expenditure projections or simply a list of costings for the refurbishment of your property or building.