A RICS (www.rics.org)property valuation is an independent, professional assessment of a property’s market value carried out in accordance with RICS standards. It provides a clear, evidence-based opinion of value that can be relied upon by clients, lenders, solicitors, and other third parties.
A RICS valuation is commonly required for shared ownership, Help to Buy redemptions, probate, matrimonial matters, tax purposes, or when buying or selling a property. It ensures the valuation is impartial, defensible, and compliant with professional standards.
A valuation provides an opinion of a property’s market value, whereas a survey focuses on the condition of the property and highlights defects and risks. A valuation does not include a detailed condition assessment unless combined with a survey.
Yes. Our valuations are suitable for shared ownership staircasing, Help to Buy redemptions, and housing association requirements, and are prepared in line with current guidance.
The valuation is based on an inspection of the property, an assessment of its size, condition, and location, and analysis of comparable recent sales evidence. This information is used to provide a reasoned and supportable market value.
The inspection itself is usually straightforward, and the written valuation report is typically provided within a few working days, depending on property type and access arrangements.
Yes. A RICS valuation can be combined with a Level 2 o(https://www.jwasurveyors.co.uk/home-survey-level-2)r Level 3 (https://www.jwasurveyors.co.uk/home-survey-level-3)survey, allowing you to understand both the property’s value and its condition in a single instruction.
