RICS Red Book valuations for property purchase, probate, matrimonial, Help to Buy and other situations.
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Red Book Valuation
I am able to provide Red Book market valuations alongside Level 2 and Level 3 surveys.
I am also able to provide standalone Red Book valuation reports for residential property in support of the following:
- Sales to Family or Friends
- Matrimonial and Divorce
- Probate and Inheritance
- Right To Buy
- Help To Buy
- Capital Gains Tax
- Charities Act Disposals
- Shared Ownership
A RICS Red Book valuation is a requirement when a valuation is needed for tax or legal purposes.
Pricing is dependent on the age, size, condition and complexity of the property but costs typically range between £250 and £600 (no VAT to pay) for a standalone valuation report. Costs can be higher for exceptionally complex or unusual properties. Standalone valuation reports are delivered a maximum of 3 working days after the inspection.
Market valuations that accompany a Level 2 or Level 3 condition survey are charged at £125.
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Red book valuations
Price Range (No VAT to pay)
Sales to Family or Friends
Matrimonial and Divorce
Probate and Inheritance
Right To Buy
Help To Buy
Capital Gains Tax
Charities Act Disposals
£250 – £550 +
Market Valuation when purchased with a Level 2 or Level 3 survey
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The Valuation Process
The valuation itself includes an inspection of the property to identify features and defects that affect value, measurement of the property and analysis of recent sales of comparable properties, together with other relevant information, in order to arrive at a valuation.
Where required, the valuation will also include a reinstatement cost which is useful for insurance purposes. This is an estimated figure based on current re-building costs, calculated using figures supplied by BCIS. The reinstatement figure may be higher or lower than the valuation itself and has no bearing on what the property may be bought or sold for.
Please note that a standalone valuation report is not a condition survey and should not be relied upon when deciding whether to purchase a property.
Why choose us?
Quick, easy and efficient. That’s what you can expect from Smart Home Surveyors. Our RICS-registered services are designed to give you the best possible experience, with quick turnaround times and round the clock customer support.
We have years of experience behind us. We have the right skills and experience to provide you a detailed and concise report