Valuation Principles | Royal Agricultural University

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)