Module
Valuation Principles
- Module code
- 4241
- Module leader
- John Hockey
- Module level
- 7
- Module credits
- 15
- Prerequisites
- None
- Min study time
- 150 hours
- Contact Hrs within study time
- 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:
- Demonstrate familiarity with industry professional standards, responsibilities, and ethics (P2) (S5)
- Reason critically to evaluate and synthesise relevant, reliable, and timely data (S1)
- Demonstrate Competence in property valuation techniques (T1)
- Demonstrate familiarity with RICS Property Measurement requirements (T4)
- 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)