Sectors
Institutional and Special-Purpose Property Valuation
Schools, hospitals, religious and other specialised buildings that rarely change hands.
Where there is little market evidence, depreciated replacement cost and other specialised methods apply. We explain the approach and its limits in the report.
What drives value
- The cost of replacing the buildings, less an allowance for age and condition.
- The value of the land for its existing use.
- Specialised features such as laboratories, wards or chapels.
- Planning restrictions on alternative uses.
Typical instructions
- Asset registers for schools, hospitals and churches.
- Financial reporting by public and not-for-profit bodies.
- Insurance reinstatement.
- Lending to institutions.
Why clients instruct a valuation
- Bank lending & mortgagesMarket and forced-sale values for property offered as loan security.
- Financial reportingFair values and revaluations for company accounts and audits.
- Insurance & reinstatementWhat it would cost to rebuild, so buildings are insured correctly.
- Compulsory acquisitionIndependent advice on just compensation when land is acquired.
- Litigation & disputesIndependent valuations and expert evidence for courts and settlements.
- Estates & probateValues for succession proceedings and a fair distribution.
- Sale, purchase & lettingMarket value or market rent before you buy, sell or let.
- Rental, statutory & internalMarket rent, rating, stamp duty, tax and internal purposes.
Have a Property Valuation Requirement?
Whether you require a valuation for lending, investment, financial reporting, insurance or another purpose, our team can help establish the appropriate scope of work.