RICS Valuation Report
Valuation by RICS Registered Valuers
A property valuation provides you with the market value of a house or flat. The market value is how much a buyer is willing to pay or the amount a seller is willing to accept in the sale of a property. It serves as an essential guide for making informed decisions in buying, selling, or refinancing.
The Process
A RICS Registered Valuer inspects the property to assess its condition, size, and layout. This is followed by a market analysis of similar recently sold properties in the area, with adjustments made for any differences. Based on this, a valuation figure is determined and presented in a professional report.
Purposes
Why you may need a RICS Valuation Report.
Help To Buy
Valuations
If you are selling, remortgaging, or simply paying of the Government's Help to Buy loan, a Valuation Report by a RICS Registered Valuer is necessary. Reports are prepared taking in account Target HCA’s requirements.
Fixed Price
£350
Shared Ownership
Valuations
Like Help to Buy, if you are selling or buying more shares in a Shared Ownership property, a Valuation Report by a RICS Registered Valuer is necessary. Report are prepared taking in account the third party (usually a Housing Associations) requirements.*
Fixed Price
£350
Taxation
Valuations
Where Capital Gains Tax is payable, usually following sale or gifting of a chargeable asset, a Valuation Report would be required for a given date. This would be used by your Accountant to calculate tax due to the HMRC.
From
£350
Probate
Valuations
Required following a bereavement in order to determine an accurate property valuation. The valuation is usually as of the date of death, although a Current Market Valuation can also be included.
From
£350
A Standard
Valuation
You can opt to get a standard Valuation Report if you simply wanted to know what the current market value is for a property. This is particularly useful if you are looking to buy a property for cash, or selling your own property.
From
£350
*Although all our reports follow the strict RICS Global Valuation Standards, some Housing Associations may require you to use a select few companies from their panel of companies. Before instruction, you should at first instance check with your Housing Association.
Key Benefits
Why Choose Us?
Competitive
Pricing
Pricing
Our fees are fair and transparent, reviewed often to stay competitive.
Quick
Turnarounds
Turnarounds
Reports are usually delivered within 3 working days, often even quicker.
Photos
Included
Included
Clear images are included of the front, rear, street scene and internal rooms.**
**As default, images are not included in Help to Buy Valuation Reports as it's not deemed necessary by Target HCA. Images can be included at your request.
Let's Get Started
Contact us today to book your RICS Valuation Report by a RICS Registered Valuer
FAQ
Everything You Need to
Know Before Booking
A RICS residential valuation report provides a formal opinion of market value for a private residential property. It may be required for Help to Buy, Shared Ownership, Probate, sale planning or private decision making.
Yes. For Help to Buy equity loan matters, a RICS valuation report is commonly required as part of the repayment process. The report should be prepared by a suitable RICS Valuation professional and follow the relevant requirements.
Yes. Housing Associations require a RICS valuation report when you’re staircasing, selling, or remortgaging. This is because shares are based on current market value and not what you originally paid for the property.
A probate property valuation is to determine a property's market value at the exact date of a person’s death. HMRC require this valuation to calculate inheritance tax and to set the base value for capital gains tax.
Residential valuation reports should be completed by a suitably qualified professional. For formal RICS valuations, this is normally a RICS Registered Valuer working under relevant valuation standards.
Yes. An estate agent appraisal is usually a selling or marketing opinion. A RICS valuation is a formal valuation report prepared for a defined purpose using professional valuation standards.
Value can be affected by a number of factors, including, location, property size, layout, condition, comparable sales, market demand, outside space, parking, lease details (where relevant), desirability, amongst a number of other factors.
Yes. Private valuations are arranged independently rather than through the Bank/Lender.
Homes England is incredibly strict about the formatting. To be valid, the report must:
- Be carried out by an independent MRICS/FRICS Registered Valuer (not tied to an estate agent, and not related to you).
- Be presented on the surveying firm's official headed paper, signed and dated by the valuer.
- Incorporate an interior and exterior inspection.
- Provide at least 3 comparable property sales of similar size, age, and type within a 2-mile radius that have sold within the last 12 months.
Timescales depend on appointment availability, property access, research and report preparation. Clients should arrange the valuation early where it supports Help to Buy, Shared Ownership or Probate deadlines. Our valuation reports are sent within 3 workings days from the date of inspection.