Inspection Level 2

Question 1

School - Cheslyn Hay
Why did you obtain information on recent improvements? Were there any?

Answer 1

So I could ascertain the adjustments required for the valuation.
Yes, the school had new windows, flooring and refurb to part of the school.

Question 2

School - Cheslyn Hay
What did you do prior to inspection?

Answer 2

• Researched the property
• Printed out a copy of the condition survey
• Got plans
• Planned my route
• Organised inspection with School
• Risk assessment
• Checked PPE requirements and if any necessary

Question 3

School - Cheslyn Hay
What was the construction of the property?

Answer 3

Brick construction with majority of the site having a felted flat roof with some areas having a pitched tiled roof.

Question 4

School - Cheslyn Hay
What was the condition of the property? Did this have an impact on value?

Answer 4

The school was in a good condition with some parts older and some areas seeing refurbishment.
Yes, it did have an impact as the difference in remaining life impacts the value.

Question 5

School - Cheslyn Hay
Why did you ensure not to get anybody’s identity?

Answer 5

Due to GDPR and myself acting in a professional capacity. Also, the sensitive nature of the property with minors present on site.

Question 6

School - Cheslyn Hay
Did you have regard to any guidnace?

Answer 6

Yes, I had regard to RICS surveying safely, the health and safety at work act 1974 and the VOA’s lone working policy.

Question 7

Innovation centre - Dudley
Why did you measure the property on so many different bases?

Answer 7

As this was requested by the client.
Also, it wasn’t clear on the occupation and use of all the areas, therefore, I measured all parts necessary.

Question 8

Innovation centre - Dudley
Why did you reference Cardtronics v Sykes [2020] to the occupiers?

Answer 8

As this is recent case law concerning paramount control. I attempted to establish who was in control of the areas and found the landlord/host still had control so decided not to split.

Question 9

Innovation centre - Dudley
What was the construction?

Answer 9

The property was steel portal frame. Concrete flooring to the warehouse areas and internal concrete walls. The upper floors were good quality office spaces with boardrooms, break out areas etc. Suspended ceilings, LED lighting, carpeted flooring.

Question 10

Innovation centre - Dudley
You mention you noted down P+M what was present?

Answer 10

I noted down rail tracks, cranes, rail stops, air conditioning, fire protection.

Question 11

Innovation centre - Dudley
How did you value the P+M?

Answer 11

I didn’t value the P+M in this scenario I was instructed just to inspect. However, I did take photos of any information on the P+M and asked the occupiers for sizes, weights etc.

Question 12

Innovation centre - Dudley
If you had to value the P+M how would you go about it?

Answer 12

I would take photos, get all the information necessary. Then, I would have regard to the VOA cost guide which estimates a replacement cost and then decapitalise using the statutory decap rate of 4.4%. I would also ask for advice if required and look at the P+M regulations 2000.