RICS Valuation
£359 - inclusive of VAT
Choose this report to get a Market Value of a home, and also if you require a valuation for repayment of a Help to Buy Equity Loan or for staircasing or sale of a Shared Ownership property. Valuations are conducted by an RICS registered valuer to 'Red Book' standards - the professional guidelines that are the gold standard for valuation. Valuations include a site visit alongside considerable desktop research, the combined evidence of the two supporting a market value. The property's insurance reinstatement value is also included.
Please note:
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a valuation report does not include potentially costly property defects if they are deemed not to affect the property's Market Value.
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if you have specific concerns about the condition of the property then a RICS Home Survey Level 2 or RICS Home Survey Level 3 may be more appropriate, depending on the type of property.
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prices shown include VAT.
What’s included in a
RICS Valuation
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A physical inspection of the property
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A report based on the inspection
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A valuation, which is part of the report
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The surveyor's professional opinion of 'Market Value'
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An insurance reinstatement cost
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The surveyor inspects the condition of boundary walls, fences, permanent outbuildings and areas in common (shared) use.​​​
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When inspecting flats, the surveyor assesses the general condition of the outside surfaces of the building, as well as its access and communal areas (for example, shared hallways and staircases that lead directly to the subject flat) and roof spaces, but only if they are accessible from within and owned by the subject flat. ​
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Notes hazards or problems that may be dangerous.
'Market Value'
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The estimated amount for which an asset or liability should exchange on the valuation date between a willing buyer and a willing seller in an arm’s-length transaction, after proper marketing and where the parties had each acted knowledgeably, prudently and without compulsion.
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RICS 'Red Book' Definition