Module: Valuation 2

Module details

  • Module code

    2037 / 2037DL
  • Module leader

    John Hockey
  • Module Level

    5
  • Module credits

    15
  • Prerequisites

  • Min study time

    150 hours
  • Contact hrs

    50 hours (campus based) / 8 hours (distance learning)
  • Teaching Period

    Semester 1 and 2 (Campus) / Varies (Distance learning)

Module content

This module is delivered in three major units:

  1. The application of traditional and contemporary valuation approaches and methods in the provision of professional practice valuations for sale, purchase, mortgage, taxation and insurance purposes
  2. The effects of Housing Acts, Rent Act, Landlord and Tenant legislation and Agricultural Holdings legislation on property values and valuation practice.
  3. RICS Valuation – Professional Standards 

Module outcomes

To achieve credit for this module, students must be able to:

  1. Identify, select and explain appropriate methods and techniques for the valuation of a range of property types and interests
  2. Calculate and report valuations of a range of property types and interests for different specified statutory and commercial purposes.
  3. Make adjustments to, and compensate for, the impact of legislation on property values.
  4. Conform to statutory and regulatory measures and explain the responsibilities of valuers.

Assessment

Assessment Description Weighting
Coursework Report 60%
Examination Unseen exam (2 hours) 40%

Assessments may differ in 2020/21 due to adjustments for Covid-19. Please check Gateway for the latest regulations.

Key texts

Students should be familiar with the content of at least one of the following:

  • Baum, A. (2015) Real Estate Investment 3rd ed. Routledge
  • Davidson, A. ed. (2013) Parry’s Valuation and Investment Tables. 13th ed. Routledge
  • Blackledge, M.(2009) Introducing Property Valuation, Routledge
  • RICS (2014) RICS Valuation – Professional Standards. (9th ed.) RICS Books.
  • Scarrett, D. and Osborn, S. (2013) Property Valuation: The Five Methods. 3rd  ed. Routledge