Property Valuations
Independent, RICS-compliant property valuations prepared by a qualified professional - for a wide range of personal and legal purposes.
An independent assessment of your property's value
A property valuation is a professionally prepared report that gives a formal opinion of a property's open market value at a specific point in time. It is based on a physical inspection of the property and analysis of comparable sales evidence.
Unlike an estate agent's appraisal, an RICS valuation is an independent, regulated document that can be used for legal, financial and tax purposes. It is prepared to the standards set by the Royal Institution of Chartered Surveyors and signed off by a qualified professional.
Estate agent appraisal vs RICS valuation
These are two very different things. Understanding the difference could save you time, money or complications down the line.
Estate Agent Appraisal
A guide price, not a formal valuation
- Not independent - the agent has a commercial interest in the sale
- Not regulated or professionally accountable
- Cannot be used for legal, tax or mortgage purposes
- Useful as a rough guide to marketing price only
RICS Valuation
Prepared by a qualified, independent professional
- Fully independent - no commercial interest in the outcome
- Prepared to RICS Red Book standards by a qualified valuer
- Accepted for legal, tax, probate and financial purposes
- Signed off by a RICS Registered Valuer
Situations where a formal valuation is required
A formal RICS valuation may be required or strongly advisable in a number of situations.
Purchase decisions
Checking that the price you are paying is fair and in line with market evidence before you commit.
Matrimonial
An independent valuation for use in divorce or separation proceedings, accepted by solicitors and courts.
Probate
A formal valuation of a property at the date of death, required by HMRC for inheritance tax and estate administration.
Tax planning
Capital gains tax calculations, inheritance tax planning or other tax-related purposes where a formal value is needed.
Help to Buy & shared ownership
RICS valuations for Help to Buy redemption, equity loan repayment or shared ownership staircasing.
Private sale
Selling privately and want to set a fair, defensible asking price based on professional market evidence.
Valuations carried out by a RICS Registered Valuer
All valuations carried out by JMR Surveys are prepared by Jennie Rees, a qualified AssocRICS surveyor and RICS Registered Valuer. This means your valuation report is prepared to the standards set out in the RICS Valuation - Global Standards (the "Red Book") and is suitable for use in legal, financial and tax situations.
An independent valuation from a qualified professional carries weight that an estate agent's opinion simply cannot match.
Request a Valuation Quote- AssocRICS qualified surveyor
- RICS Registered Valuer
- RICS Red Book compliant reports
- Fully insured with professional indemnity cover
- Local market knowledge - Winchester & Hampshire
Frequently asked questions
No. An estate agent's appraisal is an informal guide price, given to help them win your business. It is not regulated, not independent and cannot be used for legal or tax purposes. An RICS valuation is a formal, accountable document prepared by a qualified professional to recognised industry standards.
You will typically need a formal RICS valuation when a property value needs to be established for a legal, financial or official purpose - such as probate, divorce proceedings, tax planning, Help to Buy, or when a lender requires an independent assessment. If you are unsure whether you need one, contact us and we will be happy to advise.
The inspection itself is usually straightforward and takes one to two hours depending on the size of the property. The written valuation report is then prepared and sent to you typically within a few working days of the inspection.
Yes. An RICS valuation prepared to Red Book standards is accepted by HMRC for inheritance tax and capital gains tax purposes, and by solicitors and courts for matrimonial and probate matters. If you have a specific requirement, please get in touch so we can confirm the report will meet your needs before instructing.
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Get in touch today to discuss your requirements.