Valuation L2-3

Question 1

Pluckly, Ashford - internal review purposes

Level 2

What the advice did you give and why?

Answer 1

what advice?
* made adjustments according to the heirarchy of evidence
Why?
* to reflect the property

Question 2

Vauxhall cross - secured lending purposes

Level 2

what advice and why?

Answer 2

what advice?
* reported the GDV and the MV
Why?
* secured lending purposes

Question 3

Surrey, esher -

Level 3
What advice did you give and why?

Answer 3

what?
* adopted the build costs of £220 rather than the provided £250
* and advised on the client seeking advise from an independant quantity surveyor to assess the build costs.
why?
* Did not reflect the market and build costs have a significant impact on MV

Question 4

Watford

Level 3
What advice did you give and why?

Answer 4

what advice?
* increased the sales period.
why?
* As it was in a secondary location.