Formal (Red Book) Valuations
As an RICS Regulated practice, with RICS Registered Valuers, our Valuation Reports are carried out in accordance with the Practice Statements, Guidance Notes and Standards contained within the ‘RICS Valuation – Global Standards 2017’, more commonly referred to as a ‘Red Book Valuation’.
These Valuation Reports provide all the necessary detail to enable the reader to understand the macro-economic circumstances in which the report has been compiled, whilst also reviewing the condition of the property (including photographs), factors considered in assessing the value, the location (including an Ordnance Survey based plan).
Any assumptions that have been made will be explained, along with a comprehensive overview of comparable evidence highlighting similar properties currently being marketed and recently sold / let within the area, to support the freehold or leasehold interest values provided.
The ‘Red Book’ Valuation Reports provided are the formal type accepted by HMRC for the likes of Probate and Capital Gains Tax purposes, SIPP providers for property related SIPP schemes and Accountants for company accounts purposes.