How much does an RICS Valuation Cost?

An RICS property valuation offers a definitive appraisal of a property's market value, carried out by a surveyor who is a member of the Royal Institution of Chartered Surveyors (RICS). This professional valuation is based on a comprehensive analysis and strict compliance with the RICS, Red Book, guidelines, which dictate the standards for determining a property's value. The evaluation process entails an exhaustive inspection of the property, taking into account various factors that influence the property's price, including its location, overall condition, dimensions, and prevailing market trends, to deliver a precise valuation report.

The surveyor's examination is meticulous, ensuring every aspect that could impact the value is considered, from the structural integrity and age of the property to the potential for future development and local amenities. This level of detail provides confidence in the accuracy of the valuation, whether it's for the purpose of buying, selling, obtaining a mortgage, or for tax and legal reasons.

RICS Valuation Cost, Harding Chartered Surveyors

RICS Valuation Cost, Harding Chartered Surveyors

By adhering to the esteemed RICS standards, the valuation not only reflects the current state of the market but also provides an unbiased, independent view, making it a critical tool for anyone involved in property transactions. The RICS valuation is more than just an estimate; it's a comprehensive insight into the true worth of a property, backed by the professional integrity and expertise of RICS surveyors.

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Do you need an RICS valuation? Our Valuation fees are very competitive and we offer impartial advice along with our detailed report.

Cost of an RICS Valuation?

The cost of an RICS valuation report can vary significantly based on several factors, including the property type, size, location, and the valuation's complexity and purpose. Generally, for a standard residential property, usually an RICS Valuation costs around £500 to £600 but it can go up to £1,500 plus, it would depend on the size and value of the property. Commercial and specialised properties may attract higher fees due to the additional expertise and time required to assess such premises accurately.

How long does an RICS Valuation last?

The valuation report is valid for three months but it can be extended by an additional three months if required. This needs to be done within the first two weeks of the expiry date.


RICS Valuation Cost, Harding Chartered Surveyors

Types of RICS Valuation

A formal valuation of a property or building should be undertaken in the following situtations:

  • Buying or selling a home
  • Getting a mortgage
  • Probate or transfer of estate
  • Tax planning purposes
  • Calculating Capital Gains Tax (Inheritance tax purposes)
  • Transferring assets into a SIPP pension fund
  • Court proceedings such as divorce (Matrimonial Valuation Report)
  • Shared ownership
  • Disputes being resolved through mediation or arbitration
  • Help to Buy
  • Right to Buy
  • Shared Ownership
  • Rent reviews or negotiations
  • Reinstatement Cost

RICS Valuation Report Example

Click on the image below to download an RICS Valuation Report Example.

RICS Valuation Cost, Harding Chartered Surveyors
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Factors Affecting the House Price

An RICS Valuation survey will take into account the following aspects when determining the value:

  • Size of the property
  • Age of the Property
  • Construction method and materials used
  • Number of bedrooms
  • Location and local council zoning
  • Similar properties recently sold in the vicinity
  • State of the property
  • Whether the property is leasehold or freehold
  • Existing planning consents
  • Extra features of the property, like extensions

Do I need an RICS Valuation?

There are several circumstances where obtaining a RICS valuation becomes important. When applying for a mortgage, lenders frequently insist on a mortgage valuation conducted by an RICS surveyor to confirm that the property's value is sufficient to secure the loan. Similarly, for legal processes including probate, divorce settlements, or tax planning, an RICS valuation offers a trustworthy and independent assessment of the property's value.

Moreover, if you are in the market to buy or sell a property, a valuation from RICS can provide the assurance you need, ensuring that your decisions are informed by the property's accurate market value. This can be incredibly useful for negotiations, whether you are dealing with a seller directly or through an estate agent, giving you a solid foundation for discussions.

Benefits of an RICS Valuation Report

  • Accuracy and Trust: An RICS Valuation Report is prepared by qualified and experienced Chartered Surveyors. Their expertise ensures accurate property valuation, trusted by banks, mortgage lenders, and legal professionals.

  • Compliance with Standards: RICS surveyors follow strict guidelines and standards, guaranteeing that the valuation process is transparent, ethical, and consistent.

  • Market Insight: RICS surveyors have in-depth knowledge of the property market, which means the valuation you receive reflects current market trends and conditions.

  • Risk Mitigation: The detailed analysis in an RICS report helps identify any potential issues with the property, reducing the risk of unexpected costs post-purchase.

  • Informed Decision-Making: Whether you're buying, selling, or refinancing, an RICS Valuation Report provides a solid foundation for making informed decisions.

  • Legal and Tax Planning: Accurate valuations are essential for legal disputes, tax planning, and compliance, helping to ensure fair treatment and adherence to regulations.

  • Insurance Purposes: An accurate valuation ensures you can obtain the correct level of insurance cover, protecting against underinsurance.

  • Investment Strategy: For investors, RICS Valuations offer crucial data that aids in developing robust investment strategies and portfolio management.

  • Sustainability Insights: Many RICS valuations now consider environmental and sustainability factors, aligning with growing concerns about climate change and building efficiency.

  • Global Recognition: RICS is a globally recognized institution, meaning its valuation reports are respected and accepted worldwide, facilitating international transactions and investments.

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RICS Valuation Cost, Harding Chartered Surveyors

Harding Chartered Surveyors - Property Value Experts

Harding Chartered Surveyors specialise in delivering comprehensive RICS Valuation services, tailored to support buyers and sellers. Our team of expert valuers and surveyors utilise their extensive expertise to conduct precise home valuations, ensuring our clients are equipped with reliable and accurate information for their property decisions. Our valuations adhere strictly to the RICS Red Book, the highest of standards, ensuring that each valuation service upholds the highest level of professional integrity and ethical standards. We also a discounted valuation report with our RICS Homebuyer Survey - Level 2 Report and RICS Building Survey - Level 3 Report.

Our professional team is committed to providing high-quality home valuations that cater to your individual requirements, backed by the precision and professionalism associated with adhering to RICS standards.