Property Valuation in London | Residential Property | RICS



Navigating the complex labyrinth of getting a property valuation in London can often seem daunting for prospective buyers and sellers. This intricate process, led by a qualified Chartered Surveyor, is critical to determining a property's value. Understanding its intricacies is crucial as a vital step in acquiring or selling a property. 

The first thing to note is that a property valuation is not merely an arbitrary figure plucked from thin air. Instead, it is a thorough analysis by a registered professional known as a valuer, often a Chartered Surveyor. They are members of the Royal Institution of Chartered Surveyors (RICS), a globally recognised professional body governing this sector. Their charter ensures they uphold the highest standards of excellence, making their assessments trustworthy and reliable.

In London, the property market is as diverse as the city itself, with various types of properties, from modern commercial property spaces to quaint Victorian homes, each requiring a unique approach to valuation. A skilled valuer recognises the individuality of each property, taking into account factors such as location, size, age, and condition, among others. They undertake an exhaustive examination of the property, compiling a comprehensive report that outlines their findings.

For the prospective buyer, the property valuation is an invaluable guide to what they might expect to pay for their desired property. It helps them qualify their financial commitment, inform their mortgage application and help them to avoid overpaying. Estate agents, too, play a crucial role here, using the valuation as a basis for setting a competitive asking price.

On the flip side, for a landlord or tenant, a lease valuation can be used to determine an appropriate rental rate for a leasehold property. It could also be helpful for a solicitor when dealing with property-related legal matters. Furthermore, property valuations are often required for tax purposes. For instance, they could be needed to calculate capital gains tax or inheritance tax liabilities for London property. 

Property Valuation in London, Harding Chartered Surveyors

Property Valuation Quotation


Property Valuation in London, Harding Chartered Surveyors

Types of Property Valuations in London


Market Valuation

A Market Valuation estimates the likely price a property would sell for on the open market at a given time. They are conducted by an RICS registered valuer who examines the property's condition, size, and location and compares it with recent sales of similar properties in the area.

Equity Valuation

Equity Valuation determines the value of an owner's interest (equity) in a property. This type of valuation might be necessary in various circumstances, such as in the case of a divorce settlement or if the owner wants to sell or remortgage the property.

Right to Buy Valuation

A Right to Buy Valuation occurs when a tenant decides to purchase the property they rent from a council or housing association. The valuation calculates the open market value of the property and any discount the tenant may be eligible for under the Right to Buy scheme.

Probate and Inheritance Valuation

A Probate and Inheritance Valuation is undertaken when a property owner passes away. It establishes the property's market value at the time of the owner's death and is often required by the HM Revenue and Customs for inheritance tax purposes.

Capital Gains Tax Valuation

A Capital Gains Tax Valuation is required when a property is sold or gifted and there has been an increase in its value. The valuation determines the amount of capital gains tax that might be due.

ATED Valuation

ATED (Annual Tax on Enveloped Dwellings) Valuation is needed when a residential property in the UK, worth over a certain threshold, is owned by a corporate entity. This valuation helps determine the amount of annual tax due.

Non Domicile Valuation

A Non-Domicile Valuation is used for individuals who reside in the UK but are not legally domiciled here. This valuation might be necessary for tax purposes, especially if the individual owns property in the UK.

Divorce Settlement Valuation

A Divorce Settlement Valuation provides a fair property value to be divided as part of a divorce settlement. This helps ensure that assets are divided fairly and accurately between the parties.

Insurance Reinstatement Valuation

An Insurance Reinstatement Valuation, also known as a Building Insurance Valuation, determines the cost of rebuilding a property in the event of destruction, for example, in a fire. This valuation is essential to avoid being underinsured or paying for more coverage than needed.

Leasehold Valuation

A leasehold valuation is a professional assessment of the price a leaseholder might expect to pay to extend the lease on a property or to buy the freehold, considering factors such as the length of the remaining lease, the value of the property, and the annual ground rent.

Freehold Valuation

A freehold valuation is a professional assessment of the market value of a property, where the owner owns both the building and the land it stands on, considering factors such as location, size, condition, and local market trends.

Property Valuation in London, Harding Chartered Surveyors

Harding Chartered Surveyors


Harding Chartered Surveyors are renowned as one of London's most established Building Surveyors and valuers. They provide homeowners, landlords, and property hunters with impartial, expert property advice. The services of Harding Chartered Surveyors are independent of banks and lenders, ensuring a fair and unbiased evaluation of properties. They adhere strictly to the guidelines set by the Royal Institution of Chartered Surveyors (RICS) to produce accurate valuations and thorough survey reports.

Whether buying or selling a home, extending a lease, or calculating tax obligations, the RICS Chartered Surveyors at Harding can assist in safeguarding investments and ensuring financial security. Their service areas span London, Surrey, Hertfordshire, and most other home counties. From residential to commercial properties, their expertise enables them to provide the best advice and services tailored to each client's unique needs.

Harding Chartered Surveyors understands the importance of property valuation in London. They realise that the value of a property is paramount, and a precise market valuation is crucial for various proceedings, whether for a lender, matrimonial proceedings, or tax planning. As RICS-registered valuers, they are qualified to evaluate the property accurately. Their expert surveyors can determine the property's actual value, considering the current market trends and the specifics of the local area.

They offer various services, such as property valuation, tax valuation, and probate services, recognising that clients may require different types of property valuation for multiple purposes. Their specialist surveyors provide a comprehensive report detailing the property's estimated value, which can be used as an expert witness in case of a dispute. They also assist in matrimonial proceedings, providing a formal valuation that can be crucial in such circumstances.

Conclusion


In residential property, a comprehensive property valuation in London is paramount. The value of a property is not simply a figure to be plucked out of thin air; it requires the expert assessment of an RICS registered valuer. 

There is a multitude of reasons why one may need a property valuation. It could be for probate proceedings, matrimonial disputes, or tax planning purposes. A precise valuation of the property is crucial in each of these cases. Our professional surveyors in London can provide an accurate valuation, considering every facet of the property and its context.

We understand that clients need a valuation that speaks to the actual value of their home rather than just an estimated value. Our local experts are always available to answer frequently asked questions and provide a professional opinion.

Recent Reviews


Seamless experience. Very swift and well organised with a thorough survey completed and report returned within less than a week of booking!
Property Valuation in London, Harding Chartered Surveyors
L P.
1709042975
Cannot recommend enough. Communication has been excellent throughout the entire process, very accommodating and fast turnaround. Everyone I have spoken to has been so helpful and kind, to make a difficult process much easier.
Property Valuation in London, Harding Chartered Surveyors
Tiffie D
1708099647
Excellent and professional services by Mr. Ali. I am indeed very pleased. I will recommend to my friends and others who wants to avail the services of Harding Chartered Surveyors.
Property Valuation in London, Harding Chartered Surveyors
Bazlur R.
1707416955
Great fast and easy to book. Great price and most of all great staff.
Property Valuation in London, Harding Chartered Surveyors
Tony B.
1706179054
Great experience dealing with Alaa, very helpful and informative, going above and beyond at any opportunity. Thanks!
Property Valuation in London, Harding Chartered Surveyors
Mina Y.
1704533739
Very professional and diligent in their assessment. Our surveyor Alaa Ali has been very responsive and patient with all of our queries providing excellent professional advice on the matter. Will definitely recommend them.
Property Valuation in London, Harding Chartered Surveyors
anirudh S.
1701978149
I would thoroughly recommend this company. The appointment for a surveyor came quickly. The surveyor was thorough and explained the items he found wrong. The report came through very promptly.
Property Valuation in London, Harding Chartered Surveyors
Denise B.
1701430434
Excellent and very professional work by Kate for the planning and Charlie for the valuation and report - highly recommended.
Property Valuation in London, Harding Chartered Surveyors
Olivier S.
1700507259
Excellent service from all the surveyor team.
Property Valuation in London, Harding Chartered Surveyors
Neal P.
1699545477
Very efficient professionals, quick response, I would definitely use their services again.
Property Valuation in London, Harding Chartered Surveyors
David N.
1697033770
We received fantastic service from Harding Chartered Surveyors. The report by Kash was comprehensive, and his survey was thorough but unintrusive. Although our needs were not urgent, we managed to get an appointment for the survey to be carried out within a week and the report itself was delivered well within the two week period that they quote. I highly recommend them and understand why they are the surveyors of choice for so many home-owners and buyers in the area as well as banks and building societies.
Property Valuation in London, Harding Chartered Surveyors
Stewart M.
1695309201
Harding were professional throughout and provided the survey I wanted in good time after other companies had messed me around.
Property Valuation in London, Harding Chartered Surveyors
Ian F.
1694965649
Jessica came to survey my flat for a valuation. She was very fast and professional, I received the report back in under a week. I will use Hardings again.
Property Valuation in London, Harding Chartered Surveyors
Benjamin G.
1694534695
Alaa helped me with some structural engineering queries and calculations. I am extremely happy with the service he provided: first of all for his solid and professional advices and the high quality work delivered, secondly for the availability Alaa showed during the visit and in answering follow up questions. I was also a bit in hurry with the project and Alaa was very responsive and managed to finish everything in just a few days.
Property Valuation in London, Harding Chartered Surveyors
Dario P.
1692801070
Carried out a probate valuation for us. Quick response, thorough, very professional and good communication throughout.
Property Valuation in London, Harding Chartered Surveyors
Minimum L.
1692724981
Property Valuation in London, Harding Chartered Surveyors