Property Valuations

A RICS Red Book Valuation, also referred to as a Market Valuation, is a thorough assessment of a property’s value should it be sold on the open market. This is carried out by a registered valuer and provides a formal, written opinion on the property’s market value at a specific point in time, whether current or, in some instances, historical.​

The RICS Red Book, or RICS Valuation – Global Standards, sets out the guidelines that valuers must follow. It includes mandatory rules, best-practice advice, and related commentary for all RICS-registered valuers undertaking asset valuations. RICS establishes consistent international standards that registered valuers, such as ourselves, adhere to when evaluating properties. This ensures that valuations are transparent, well-founded, and in line with industry standards and best practices.​

Red Book Valuations offer clients a precise, independent assessment of a property’s current market value. This contrasts with the more informal market value estimates (known as appraisals) provided by estate agents, which can often be inflated and inaccurate.​

At Nebula Chartered Surveyors we take the time to undertake our client’s valuations properly; and we pride ourselves on accuracy.​

We provide a wide range of independent valuation services including:

Market Valuation

Obtaining a market valuation before making an offer on a property is not mandatory. However, relying solely on the asking price could be a costly mistake, potentially resulting in an overpayment of thousands of pounds. Even if you have already agreed on an offer, it is prudent to verify that the price is fair before finalising your commitment.​

Mortgage valuations primarily serve lenders in assessing applications and may not accurately reflect a property’s true market value.​

The most sensible approach is to seek an independent, expert assessment of the property’s value—this is where our expertise comes in.​

Our process includes a property inspection, an assessment of its condition, and precise measurement of the total floor area. We conduct an in-depth analysis of recently sold properties of similar style and build in the immediate area, alongside an evaluation of market trends and local house price indices.​

Our valuations are accurate, reliable, and fully compliant with RICS standards. Unlike other firms, our surveyors take the time to conduct a meticulous and comprehensive assessment, ensuring you receive the most precise valuation possible.​

If you hold a Help-to-Buy loan managed by a Housing Association and are considering selling or remortgaging your property, an independent valuation carried out by a firm of RICS Registered Valuers is required.​

A RICS valuation is also necessary if you are planning to staircase or sell your shared ownership property.​

Typically, valuations are valid for three months from the date of the valuation. After this period, a desktop valuation may be required, which can be arranged.​

At Nebula Chartered Surveyors, we are here to assist you. With extensive experience in completing shared ownership and Help to Buy valuations, we offer in-depth market knowledge, professional expertise, and years of experience in property valuations to support your progress on the property ladder.

At Nebula Chartered Surveyors our team of highly skilled and experienced Registered Valuers provides precise and dependable property valuations.​

In most cases, a property’s sale price is used for tax calculations. However, there are situations where the market value must be established instead, necessitating a professional valuation.​

HMRC strongly recommends engaging a Registered Valuer for probate valuations. A professional valuation is crucial in determining the correct amount of Inheritance Tax payable on a property. We would provide an accurate assessment of the property’s value, helping to prevent excessive tax liabilities.​

Capital gains refer to the profit or financial gain realised from the sale or disposal of an asset. This involves calculating the difference between the asset’s purchase price and its selling price at the time of disposal. Capital gains tax is generally applied to the profit made from the sale or disposal of a property. HMRC strongly recommends instructing a Registered Valuer to carry out the property valuation for CGT purposes.​

A property valuation is essential in determining the capital gains tax on a property. It provides accurate information on the property’s value, helping to avoid situations where individuals may be liable for an unduly high tax bill. We would provide an accurate assessment of the property’s value, helping to prevent excessive tax liabilities.​

Matrimonial valuations play a crucial role in divorce proceedings, ensuring a fair and accurate division of property assets. These valuations are carried out by Chartered Surveyors, who provide an objective market valuation essential for a clear understanding and equitable distribution of assets. Our valuation report is comprehensive, adhering to the RICS Red Book standards to guarantee accuracy and reliability, which is vital for legal proceedings and negotiations. The impartiality of the surveyor is critical for the valuation to be legally recognised. Focusing on factors such as market value, location, property type, and construction, these valuations are key in reaching a fair financial settlement, particularly when property is a significant marital asset.