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Property Valuation Guide

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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 ÂŁ

High ÂŁ

Notes

Standard Valuation

ÂŁ150

ÂŁ300

Residential property valuation for sale or probate

RICS-Accredited Valuation

ÂŁ250

ÂŁ500

Formal valuation for legal or lending purposes

Labour per Hour

ÂŁ60

ÂŁ100

For complex properties or extended site time

Reporting & Documentation

ÂŁ50

ÂŁ100

Professional write-up and supporting data

TOTAL (most reports)

ÂŁ200

ÂŁ450

Standard homes under ÂŁ1M 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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