You are the freeholder, intermediate leaseholder, or leaseholder of a property, and need valuation advice for accounts’ purposes.
Valuations for Accounts – Report.
We are able to provide valuation reports for accounts’ purposes.
Valuation for Accounts. Process to calculate Market Value.
We are able to report on the Market Value for accounts’ purposes at the required valuation date.
In order to calculate the Market Value for accounts’ purposes, we as Chartered Surveyors, Regulated by RICS, with Registered Valuers that are experts in Valuations for Accounts’ Purposes can:
- inspect the flat / house / building;
- calculate the floor areas;
- research the market;
- consider the implications of any tenant’s improvements; and
- report on the Market Value for accounts’ purposes on the relevant valuation date.
We take account of rental income, the value of the reversions, development potential, other income, “Hope Value” for the possibility of future premium receipts, and any other factors that impact on Market Value for accounts’ purposes. We also have regard to the terms of the leases, deeds of variation, and licences for alterations etc. We advise on the Market Value for accounts’ purposes at the valuation date. We are also able to advise on the likely cost of extending leases (flats) or enfranchising (houses, or blocks of flats).
Valuations for Accounts’ purposes. Examples of recent work.
We have recently:
Valuation for Accounts’ Purposes: Reported on the valuation of two blocks, between them containing 226 flats for an intra-group transfer for approval by the Charity Commission.
Valuation for Accounts’ Purposes: Reported on the value of two development sites at differing dates, where it was necessary for the developer to buy back one site from the purchaser due to ground movement and construct a new house on the other site.
Valuation for transfer of flats: Reported of the values at which it would be appropriate for two leasehold flats to be transferred between related parties.
Our services: We are able to advise on the Market Value of a property interest for Accounts’ Purposes. We are Chartered Surveyors, Regulated by RICS, with Registered Valuers that are experts in Valuations for Accounts’ Purposes, and for other purposes. We are also able to provide further information in relation to Valuations for Accounts.
