Independent Property Valuation

In the UK property market, one key factor plays a critical role in buying and selling decisions: understanding the true market value of the property. An independent property valuation provides the most reliable means of determining this. Whether you're buying, selling, considering an extension, or looking to secure a loan, an independent RICS property valuation could be invaluable.

A property valuation is conducted by an experienced RICS Chartered Surveyor who assesses the property's condition, including its unique features and attributes. This comprehensive evaluation estimates the assessed property's worth and helps establish its market value.

The independent valuation report will provide in-depth details about the property in question, including but not limited to its size, location, and condition. Such a report may prove crucial when you want to know how much a property similar to yours might fetch in the current market or when you want to gauge the value of your home.

Typically an RICS Valuation can cost anything from £450 upwards, depending on the rough market value of the property. Click on the quotation form below for an instant, accurate quote for your property.

An independent property valuation provides an unbiased estimation of a property's market value. It differs from a mortgage valuation conducted by a mortgage lender, which primarily aims to verify whether the property is a good security for a loan. An independent valuation provides a comprehensive view, considering all aspects of the property, and serves the owner's best interest.

Whether you want to sell your property or secure a mortgage, an independent valuation will give you a realistic understanding of your property's value. This insight can help you make informed decisions and negotiate better deals with potential buyers or lenders.

A Chartered Surveyor is a highly trained and certified professional who offers various services, including property valuation and surveys. They adhere to the rigorous standards that the RICS sets, ensuring the valuation's accuracy and reliability.

An estate agent typically provides property valuations as a part of their service. However, it's important to remember that an estate agent’s primary objective is to sell your property. Their desire to secure a mandate from you might influence their valuation. On the other hand, an independent property valuation is performed by a neutral professional with no vested interest in the outcome of the valuation. This impartiality ensures a realistic and reliable valuation.

Market Valuation: This involves assessing a property's market price, considering factors like size, condition, location, and other attributes.

Equity Valuation: This valuation helps determine the current value of a property, which is useful for paying off a help-to-buy loan or increasing ownership share.

Help to Buy Valuation: It's used to independently verify the value of a council or housing association home that tenants plan to buy.

Probate and Inheritance Valuation: This is needed to distribute a deceased person's estate to beneficiaries and determine inheritance and capital gains taxes.

Capital Gains Tax Valuation: This estimates the increase in property value for capital gains tax calculations when a property is sold.

ATED Valuation: Used by companies owning UK residential property over £500,000 to determine their annual tax liability.

Non-Domicile Valuation: This provides the market value of a UK property for non-UK residents, assisting in tax compliance and decision-making for property sales.

Divorce Settlement Valuation: An impartial valuation determining fair asset distribution during a divorce.

Insurance Reinstatement Valuation: This determines the cost of rebuilding a property in case of significant damage, providing a basis for insurance coverage.

Commercial Valuation: This assesses the value of commercial properties, such as shops and offices, for various purposes, including loans, tax, insurance, or charity act compliance.