We use accredited surveyors who provide our customers with a specialist opinion on their properties worth.
Whether you’re a buyer or a landlord, we ensure you’re making a confident and informed decision based on the knowledge of an expert.
We offer both Home and Lettings Valuations and recommend that a private valuation should be requested whenever you purchase, sell or let a home.
Book A Free Valuation
There are many reasons why you may need a valuation for your property. It might be that you need to sell your existing home to facilitate a move to a new house. Maybe you are thinking about some home improvements and want to see what difference they will make to the value, or it may be a valuation undertaken by the mortgage company to help judge whether they will lend against the property.
Whatever the reason, SDP Real Estates will help you find the worth of your property.
What To Expect
A market valuation is a valuable tool that provides Landlords and Sellers with a professional opinion on the value of their property and what it’s worth on the Market.
When valuing a property an we will take the age, size, condition, local area rates and other factors into consideration.
Following the conclusion of these details, we will then use our local knowledge to source various comparable properties that are similar in structure and have been bought or sold in the same area over the past few months.
Finally, we will conclude an independent assessment on the market value of your property.
Types Of Valuations
There are five methods of property valuation that are recognised globally.
Most commonly used by residential homeowners.
The comparative method does what it says on the tin. It relies purely on comparison.
When valuing your property we compare similar types of houses in the given area to judge the relative value of any particular one.
This is a popular method used to achieve the Open Market Value.
In order for this to be truly effective, it is necessary to know the actual sales prices of the properties, rather than the more commonly published asking prices, however, an approximate valuation can still be achieved using the latter.
It’s worth noting that when using the comparative method, sometimes the prices achieved for a property may not actually represent its actual value. For example, a forced or pressurised sale in which a property is sold quickly can often undervalue a given property while similarly, a property owner who requires some of an adjoining field in order to build their dream extension may be prepared to pay a higher price thus overvaluing the property.
The investment method uses discounted cash flow techniques to establish value through the incoming producing nature of the asset. This method is often used in commercial valuations, as well as HMO (Houses in multiple occupation) valuations.
Most commonly used for the valuation of development sites. The residual method uses the cost of developing land and the final gross development value to assign a value for the land.
Best used for business premises, such as hotels, cinemas and properties where you cannot generate enough comparable information to reliably determine the value of a commercial property, or it is unsuitable in some way. Valuing the property using the profits method can be used to overcome these limitations.
To be able to use the profits method the property itself must have an operational business currently running from within it. Commercial properties such as hotels, guest houses, pubs and cinemas are typical examples where the profits method of property valuation is suitable.
Even though the profits method is sometimes overshadowed by the comparable method, there are many property investors and valuation surveyors that prefer the profits based approach. This is primarily because even if properties are very similar in appearance, size, quality of construction, and are in the same locality, there are still many factors that mean they may have differing profit generating characteristics.
This is generally reserved for buildings with little comparable evidence, such as churches, schools, etc.
The cost of the land and the cost to rebuild the structure are the basis of the valuation.