Property Valuation Guide
o3 Mini / AI Assistant
02/07/25, 14:04
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Scope of Works
Inspect the property's location, condition, size, and layout
Assess recent comparable property sales and local market trends
Evaluate factors such as extensions, renovations, and unique features
Provide a written valuation report detailing market value and influencing factors
Typical Cost
Charge Type | Low £ | High £ | Notes |
Standard Valuation | £150 | £300 | Residential property valuation for sale or probate |
RICS-Accredited Valuation | £250 | £500 | Formal valuation for legal or lending purposes |
Labour per Hour | £60 | £100 | For complex properties or extended site time |
Reporting & Documentation | £50 | £100 | Professional write-up and supporting data |
TOTAL (most reports) | £200 | £450 | Standard homes under £1M market value |
Time on Site
Most valuations take 1–2 hours on site, plus 1–3 hours for market research and report preparation. Complex properties may take longer.
Questions to Ask Your Tradie
Do you provide a written valuation, and is it accepted by banks or HMRC?
Are you registered with RICS or another professional body?
What local data and comparable sales will inform your valuation?
How to Avoid Surprises
Ensure the property is tidy and accessible for inspection, including outbuildings and gardens
Clarify whether the valuation is for marketing, legal, insurance, or mortgage purposes
Ask for a sample report if you need a specific format (e.g., RICS Red Book valuation)
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