Logo
RICS Property Valuation

RICS Valuations

Get a quote

Help to Buy Valuations
Shared Ownership Valuations
Right to Buy Valuations
Probate Valuations
Matrimonial / Single Joint Expert Valuations
Private Sale Valuations
Capital Gains Tax Valuations

Need a RICS Valuation?

CJ Bloor Property Consultants specialise in providing RICS Valuations for residential and commercial property for a range of purposes and are proud to be one of the leading valuation companies in the Northwest.

What is a RICS Valuation?

RICS Valuations are recognised as having legal status, unlike those produced by estate agents. They carry more weight due to the stringent procedures that an RICS Valuation Surveyor must adhere to.

Not all chartered surveyors can carry out valuation work; RICS Valuations must be completed by a RICS Registered Valuer.

When is a RICS Valuation Required?

Help to Buy Valuations

The Target Government Help to Buy scheme has helped thousands of people to buy their home, by offering a contribution towards the initial purchase. This means that the Government continue to own a percentage of your home. You may decide that you wish to buy back some, or all of the Help to Buy share of your home. If you do, you will need a RICS Valuation. You will also require a RICS Valuation if you are re-mortgaging your home.

Target HCA are notoriously strict when it comes to the valuation report that needs to be submitted. CJ Bloor have a 100% success rate when it comes to meeting the criteria set by them. You know that by having your Help to Buy RICS Valuation completed by CJ Bloor, you are in safe hands.

Shared Ownership Valuations

Are you looking to increase the share in your shared ownership home, also known as staircasing? Or are you thinking about selling your shared ownership home. In either of these situations, you will require an RICS valuation in order to establish its current Market Value. You will then need to submit the valuation to your Housing Association as part of the process.

CJ Bloor work closely with a number of Housing Associations that offer Shared Ownership property and are familiar with the strict requirements involved when it comes to writing up Valuation Reports for this purpose. Let us help you to achieve your goals when it comes to your Shared Ownership home, contact us today for a free no obligation quotation.

Right to Buy Valuations

Council and housing association tenants that meet certain criteria have the Right to Buy their home and to get a discount on the purchase price. The discount depends on where you live in the country. The maximum discount is £87,200 across England, except in London boroughs where it is £116,200. These figures increase each year in April in line with the consumer price index (CPI).

In order to apply for a Right to Apply you will need to contact your landlord. They will then send you an offer letter containing, in their opinion, what the market value of the property is. The letter is also likely to contain other relevant information about the property, including type, age, size, and condition.

It makes sense to have your own valuation done to establish whether or not the landlord’s valuation is accurate. After all, the landlord’s valuer has a duty of care to their client, the landlord, and not to you. We act as independent surveyors and you can use our report to challenge the landlord’s valuation should this be necessary. We have helped a great number of tenants to reduce the amount they have to pay under the Right to Buy Scheme.

A Right to Buy valuation from an independent RICS Registered Valuer allows you to check if the landlord’s valuation is fair and accurate. As independent, RICS surveyors, our reports can be used to challenge your landlord’s offer if that is necessary. You can also use our report as evidence if you appeal to the District Valuer.

Probate Valuations

After a family member has passed away, their estate – money, property, possessions – will need to be valued so that a Grant of Representation (the legal right to deal with the estate) can be obtained.

The purpose of carrying out a professional probate valuation is to:

  • ascertain an accurate value of the estate left behind by the deceased
  • enable the executor to assess whether there is sufficient value in the estate to cover any liabilities left by the deceased
  • calculate how much (if any) Inheritance Tax is payable on the deceased’s estate

We appreciate that this time can be emotional and stressful. We will work behind the scenes requiring minimal input from yourselves. To obtain a quick no obligation quote for a probate valuation, simply complete this form.

Capital Gains Tax Valuations

Do you, or your solicitor, need to know how much your property was worth at a fixed point in time in order to calculate how much Capital Gains Tax you may owe HMRC? If so, you will want to make sure you don’t pay them too much, or too little. This is where we can help. We will provide a compliant report that can be submitted for these exact purposes.

Matrimonial / Single Joint Expert Valuations

A matrimonial valuation will provide you with an accurate value of the property, which you can then take forward with your separation proceedings. The valuation can be undertaken on behalf of one of the parties, or alternatively, both parties can jointly instruct a Chartered Surveyor to undertake a valuation of the property. We understand that separation proceedings can be stressful and complex time. At CJ Bloor, we pride ourselves in ensuring the valuation is as straightforward and time effective as it can be.

Private Sale Valuations

Are you thinking of selling your property to a friend or family member but want to make sure that you are selling it at Market Value? It is, after all, the largest financial transaction that you are likely to be involved in during your lifetime. Allow us to undertake a brief inspection of the property and we will write you a comprehensive report providing an independent valuation of the property.

CJ Bloor Property Consultants offer a fast and independent property valuation service, and you can rest assured that we are competitively priced.

How will a RICS valuation be calculated?

In the UK, there are three common approaches that are likely to be adopted when valuing residential and commercial property:

Market Approach – This approach adopts the principle that the value of one property may be derived by comparing it directly with market transactions for similar properties. It is widely used in the valuation of residential, rural and commercial real estate and is sometimes used for the valuation of land and other real estate assets.

Income Approach – The income approach is used to value real estate that produces an income for the investor. There are two methods that fall within the income approach: the investment (or income capitalisation) method and the profits method. In the conventional investment method, the value is derived from the net rental income and a capitalisation factor based on the expected annual rate of return. These are both normally established using comparable evidence.

Cost Approach – The cost approach, also known as the depreciated replacement cost approach, is used to value real estate that does not usually sell on the open market (for example, public buildings), and for which comparable evidence does not exist. In some jurisdictions the cost approach is used for proposed or recently built properties. This approach is based on two components: the depreciated cost of the building element and the value of the land. Figures for both these components will be obtained from comparable evidence.

RICS-logo

RICS Regulated

Being regulated by the Royal Institution of Chartered Surveyors (RICS), means we can be trusted to deliver the highest standards of service, at the lowest possible price.

Lowest RICS Valuation Prices
RICS Regulated Firm
Quick Turnaround Times
Friendly & Professional
DID YOU KNOW?

Not all chartered surveyors can carry out RICS Valuations.

RICS Valuations must be completed by a RICS Registered Valuer.

Still looking for help?

What is a RICS Valuation?

An RICS Valuation is a professional assessment of the market value of property or land, taking a number of factors into account. It is often carried out for mortgage purposes, financial matters, building insurance purposes or as part of a building survey to ensure that the property is a sound investment.

What happens with a RICS valuation?

The valuer will carry out an external and internal inspection of the property. They will make notes on the condition of the property and its key features. The valuer will then go back to the office and carry out extensive research to establish the value of the property.

How long does a RICS Valuation take?

The inspection normally takes 20-40 minutes depending on the complexity of the property. The report will then be turned around in 5 working days.

Is a RICS Valuation the same as an estate agent's valuation?

No, a RICS Valuation is carried out in accordance with RICS standards and therefore provides a more unbiased and independent view in regard to the property’s value.

How much does a RICS Valuation cost?

It depends on the size of the property, but RICS Valuations usually cost between £195 and £395 (exclusive of VAT).

Who can carry out a RICS Valuation?

A RICS Valuation must be conducted by a RICS Registered Valuer and hold the AssocRICS, MRICS or FRICS credentials.

How do I arrange a RICS Valuation?

That’s easy, just complete this form and we’ll do the rest.

How long is a RICS Valuation valid for?

RICS Valuations are usually valid for 3 months, but you may wish to have a property valued earlier than this timeframe if the current market is particularly volatile.

Who does the RICS Valuation get sent to?

The report is confidential to the client (you) only. We do not send it to anyone else.