Module: Valuation Principles

Module details

  • Module code

    4241

  • Module leader

    John Hockey

  • Module Level

    7

  • Module credits

    15

  • Min study time

    150 hours

  • Contact hrs

    45 hours

  • Teaching Period

    Semester 1

Module content

The module covers introductory and intermediate valuation studies to include:

  • An introduction to valuation
  • The purpose of valuation
  • The role of the valuer
  • The regulation of valuation
  • The five methods of valuation
  • The three techniques of valuation and valuation analysis.

Module outcomes

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

  1. Demonstrate familiarity with industry professional standards, responsibilities, and ethics (P2) (S5)
  2. Reason critically to evaluate and synthesise relevant, reliable, and timely data (S1)
  3. Demonstrate Competence in property valuation techniques (T1)
  4. Demonstrate familiarity with RICS Property Measurement requirements (T4)
  5. Provide sound advice which integrates multiple considerations (T8)

Assessment

Assessment Description Weighting
Coursework Group Presentation - summary development site valuation and recommendations 100%

Key texts

Students should be familiar with the content of the following:

  • Baum, A (2011) The Income Approach to Property Valuation; Routledge
  • Blackledge, M. (2016) Introducing Property Valuation. Abingdon; Routledge
  • Davidson, A. (2013) Parry's Valuation and Investment Tables; Routledge
  • Isaac, D. & O’Leary, J (2013) Property Valuation Techniques; Palgrave Macmillan
  • RICS (2015) Property Measurement, London;
  • Scarrett, D. & Osborn, S. (2014) Property Valuation: The Five Methods. Routledge

Supporting texts

  • RICS www.rics.org
  • iSurv (via RAU online library)
  • BCIS (via RAU online library)
  • EG (Estates Gazette)