We assist Property Owners throughout the UK acquire, gear up and grow their investment portfolios
We carry out both RICS Red Book Valuations for residential and commercial property as well as valuations for negotiation for example for rent review, valuations for expert witness and litigation purposes.
We support developers wanting to project rents for Build to Rent schemes analysing not only the floor area of the new build to rent homes but also features, aspect, outside space, natural light, sun paths, height, fit out and everything else that impacts on rental value.
For sites with and without planning we prepare Development appraisals to assist pre-purchase due diligence and loan draw downs throughout the development lifecycle.
For nightclubs, restaurants and trading entities held on occupational leasehold interests we carry out trading business valuations to support both bank lending and onward sale of a business as an asset where the value as a going concern includes a significant real estate element.
Where infrastructure schemes adversely affect the value of a property we have experience in land compensation, compulsory purchase and disturbance claims to assist those whose property is affected.
We value most property classes including:
- Industrial & Logistics
- Leisure: pubs and restaurants
- HMOs, Care Homes
- Student Accommodation
- Land & Development Sites
Establishing the 'Market Value'
Our usual premise for valuation is to establish the Market Value which the RICS define as; "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". Typically, market value is established by the ‘comparable’ or ‘investment’ method relying on evidence of similar completed transactions which the Chartered Valuation Surveyors adjust using their expertise.
Gross development value less costs, known as the Residual Method, is used to establish a range of values for Land & Development Valuations and the depreciated replacement cost method can be used for specialist properties where there is a very limited market, such as schools.
Market value is a concept distinct from market price, which is “the price at which one can transact”, while market value is “the true underlying value” according to theoretical standards.
Market Rental valuations
Market Rent is defined by the RICS as "the estimated amount for which an interest in a real property should be leased on the valuation date between a willing lessor and willing lessee on appropriate terms in an arm's length transaction, after proper marketing and where the parties had each acted knowledgeably, prudently and without compulsion”.
Market rental values are required by most lenders when carrying out a valuation for bank lending or acquisition purposes and for rent reviews. Our valuation surveyors have extensive experience in dealing with rental valuations for both freeholders and leaseholders within the residential and commercial sectors.
Independence of the Valuer
Under the RICS* International Valuation Standards the Valuer, a qualified Chartered Valuation Surveyor, has to be independent of the parties and cannot carry out the valuation if he/she has a conflict of interest, e.g. he/she cannot act for both parties in a transaction.
The Royal Institution of Chartered Surveyors (RICS) represents the property profession in 146 countries, and regulates its ‘Chartered’ members. All valuations are subject to the RICS International Valuation Standards otherwise known as the ‘Red Book’.
Valuation for Secured lending purposes of £11.50m portfolio including shops, offices and residential. The instruction required inspection, measurement and valuation for seven properties.
Valuation for accounting purposes of £750,000 portfolio including shops and residential. The instruction required inspection, measurement and valuation for seven properties located around north London.
A Bank lending Valuation. The instruction required assessment of end values and development costs of a site with planning permission for 11 detached and semi-detached houses with underground parking.