RICS Valuations

Get an accurate report on the current market value of a property from a RICS registered valuer.

Property Valuations

Know the worth of a planned property.
Property valuation is a detailed analysis and visual inspection of a property by RICS registered valuers, followed by a detailed report highlighting the surveyor’s findings. The main purpose of independent property valuation is to ascertain the property’s market value. Our RICS registered valuers provide property valuation services for residential clients. We boast of a team of highly experienced and qualified surveyors. We provide impartial reports that provide you with the most accurate view of your property. We take pride in being able to offer our clients high-quality services that exceed the traditional valuation services.

Some of the reasons you may need an independent valuation include:

  • Securing a loan – If you a securing a loan against your property, it is likely that the loan company will request for a secured lending valuation.
  • Buying a property – To ascertain the market value of the property and help you avoid paying more than the property’s worth.
  • Selling property – To determine the current market value of the property so as to be able to set a fair and marketable price.
  • Reporting Corporate account – To report companies’ assets, valuation is needed to provide the current market value of the properties.
  • Matrimonial – To determine the market value of a jointly owned property. Matrimonial valuation can also be used to ascertain how the property will be shared between individual involved in divorce proceedings.
  • Other purposes of market valuation include the determination of rental value of a property, personal asset valuation, and many more.

How much does this cost?

  • £349 for up to a 2-bed property
  • £369 for a 3-bed property
  • £399 for a 4-bed property
  • £449 for a 5-bed property

All prices include VAT.

Talk to an expert
For more information on our RICS property valuation services, or to find out the market value of a property you intend to sell or buy, please contact Crest Surveyors right away.

Capital Gains Tax Valuations

You are required to pay capital gains tax if you have made gains from the sale of a property (aside your home) that has increased in value. Capital Gains Tax valuation involves the valuing of the property both at the time it was bought and the time it was sold. Our surveyors are highly experienced and have undertaken valuations of a wide range of properties. Our valuation report will include a detailed description of the property, photographs, highlight the method used for the valuation and any more. If there are queries by the District valuer, our experts will help you handle the negotiation.

We’ll provide you with the accurate valuations so that you can pay the correct amount of tax on your property. We execute capital gain tax valuations in accordance with the RICS UK Guidance Note 3 and Taxation and Chargeable Gains Act (1992).

My property was bought before 31st March 1982, how do I get it valued?
The current property market is different from what was in play in 1982, prices of properties were lower and the interest rate was 13%. We have undertaken valuations of several properties bought before 1982, our surveyors will provide you with a clear, accurate and reasoned valuation of your property.

As a non-UK resident, am I required to pay capital gains tax if I’m selling a residential property?
Yes, you are required to pay Capital Gains Tax if you are selling a residential property in the UK. Our experts will not only handle the valuation but will also ensure that you pay the correct amount of tax.

How much does this cost?
Prices start from £300.

All prices include VAT.

Talk to an expert
Do you need more information about Capital Gain Tax Valuation? Get in touch with our experts now.

Inheritance Tax or Probate Valuations

When someone dies, probate valuation is one of the first steps that is taken in the probate process. The probate process is often conducted by appointed executors who are to carry out the desires of the deceased person as stated in their will. A probate valuation is necessary to file inheritance tax if the deceased property is worth more than £325,000 and the valuation must be submitted to Her Majesty’s Revenue and Customs (HRMC) as part of the Estate assessment. We provide our clients with a top-notch probate valuation process. Our expert surveyors will work with you all through the process and also guide you through all necessary forms. At Crest Surveyors, our utmost priority is to make the valuation process very easy for our clients.

Why do I need a chartered surveyor for my probate valuation?
Unlike other forms of valuation, probate valuation is required by law and it is important to get it right. Valuations submitted to HMRC passes through a high level of scrutiny. Financial penalties may be imposed if the HRMC discover that the true value of the deceased property is greater than the value presented. A chartered surveyor will only agree to undertake a probate valuation when he or she has the knowledge and skills required to accurately value the property in question. RICS certified surveyors are also abreast with the requirement of HMRC and District Valuer.

How much does this cost?
Prices start from £450.

All prices include VAT.

Talk to an expert
Interested in getting an Inheritance Tax or Probate valuation? Get in touch with our experts now.

Insurance Reinstatement Cost Assessment

The reinstatement cost of your property has no direct bearing with its market value. It is vital for homeowners or homebuyers to know the reinstatement cost of their property as it will be needed for their building’s insurance policy. Insurance Reinstatement Cost Assessment is undertaken to determine the cost of rebuilding a property in case there is a total loss.

Our skilled RICS Registered valuers will help you assess your property and provide a reliable Insurance Reinstatement Valuation. We are proficient at undertaking valuations for both commercial and residential properties. Our specialist valuers are skilled at taking detailed measurement and carrying out an assessment of the property to determine an adequate reinstatement cost.

Why is Building Insurance Reinstatement Valuations Important?
It is vital to know the correct reinstatement cost of your property so as not to under-insure or over-insure your property. If you under-insure your property, your insurance company may not be able to pay out a full claim. However, if you over-insure your property, it simply means you are paying in excess of the amount needed to fully insure your building.

What are the factors that may affect Insurance Reinstatement Cost Assessment?
Some of the factors that affect Insurance Reinstatement Cost Assessment are:

  • Listed property – If the property you want to assess is listed, it will likely increase the reinstatement cost
  • Location – Some property locations attract higher premiums more than others.
  • Site Factors – these include factors such as availability of workspace, access to railway lines, proximity to rivers, etc.
  • Property Size and construction – The size of the property and the type of construction has a direct effect on the reinstatement cost

How much does this cost?

  • £349 for up to a 2-bed property
  • £369 for a 3-bed property
  • £399 for a 4-bed property
  • £449 for a 5-bed property

All prices include VAT.

Talk to an expert
At Crest Surveyors, we have impressed several clients with our Insurance Reinstatement Cost Valuation. Please book your valuation now, we can’t wait to impress you.

Book Chartered Surveyor For Valuations

Fill this form to book a surveyor and we will call you back between 9am to 5pm – Monday to Friday, to confirm appointment date/time as per your convenience. Once the property is inspected, the report is delivered within five to seven days. Alternatively, you can call us on 020 3940 1118 to make your booking.