Valuation

Question 1

L2 ex 1

Answer 1

1. Loan security valuation of an office in Milton Keynes.
2. I undertook all due diligence and statutory enquiries.
3. Undertook the inspection, made notes of the property both externally and internally and took photos.
4. Did my comparable evidence search, analysed and established a market rent to be applied. I used the investment method and input the data into Argus Enterprise and peer reviewed the market value with a director.
5. Input the information into the report and sent to my director for peer review. Then went out in draft.

Question 2

L2 ex 2

Answer 2

1. Valuation of a Victorian property in Bayswater.
2. Statutory enquiries and DD.
3. Inspected, noted the quality of each of the flats.
4. Gathered comparable evidence and used the comparable method to establish market rent and market value. I applied a quantum discount of 10% to the overall value.
5. The values and draft report was peer reviewed and then sent out in draft format.