JH- Valuation Flashcards
What yield did you apply for Kidderminster?
9.75%
What was the Market Rent for Kidderminster?
£11 psf or £40 ITZA
What was the capital value for Kidderminster?
£92 psf
What yield did you apply for Solihul?
Split Yeild Approach but equated to an equivalent of 6.82%
What was the capital value for Solihul?
£353 psf
Solihull assumptions
Assumed in discussion talks for rent reviews or lease reviews were settled
Lease less than 5 years- assumed rent-free of 3-12 months and voids of 0-6
What was the WAULT for Solihul?
7 Years
What was the equivalent yield for Rugby>
6.25%
What was the Cap Val for Rugby>
£104 psf
Why did you decide on a 15% discount for Resi, Wolverhampton Val?
Comparables and Discussions with Agents
What is the Dun and Bradstreet Rating
What would a typically marketing period be for the West Midlands flat?
What is the difference between a residual and development appraisal?
What are the four bases of value?
Market Value, Market Rent, Fair Value, Worth
What would you do differently with an account valuation vs a security valuation?
Change the bases of value- Fair Worth
What did you mean about the Kidderminster property description?
Market town rents have declined, especially since covid. However, our building was located in the prime area therefore was at the higher range of the rents.
Factors may impact value- Kidderminster
This was the property which had wool slabs, noted due the defects, we highlighted this to the client and made an assumption that was reasonable to assume it was fine. Client instrcuted survey and it was fine.
Why did you undertake check measurements, and what was the reasonable tolerance?
To ensure accuracy of information relied upon, in this case we accepted a tolerance of 25mm
Were there any planning applications of note for Kidderminster
Change of use for upper floors to resi
How did you value the upper floors for Kidderminster
No rental value due to current condition
Valued for resi conversion at £425,000
Talk me through the steps of valuing Kidderminster?
Talk me through the steps of valuing Industrial Rugby?
Talk me through the steps of valuing Flats, West Mids?
alk me through the steps of valuing Retail, Solihul?
