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Training Courses

Residential Property Valuation: Fundamentals

Develop your knowledge and understanding of residential property valuation that is fundamental to providing appropriate valuation advice.

One-day course

Thu 14 May 2020
09:30 AM - 05:00 PM
Hilton London Angel Islington, 53 Upper Street, London, N1 0UY
6 hours formal CPD
£292.50 + VAT


Whether a property is to be sold, bought or let, the provision of residential property valuations requires the valuer to identify the correct valuation method, factors affecting value, and what forms part of the valuation process.

This includes considering basic valuation techniques and principles such as the comparative method, capitalisation or investment method and the residual method. It also requires an understanding of the Red Book and other valuation standards.

All these elements are covered within this course and will equip you with the fundamental knowledge required to understand how appropriate residential valuations should be carried out.. 

Learning Objectives

  • Assess common approaches to valuations and key property appraisal principles
  • Apply the appropriate valuation methodology in different contexts
  • Assess the approaches to analysing risk
  • Interpret clients’ requirements, valuation standards and the professional requirements of valuers
  • Identify the key market factors which influence value

Course content

  • Context and background to valuation practice

The role of valuation

  • Purposes for valuation
  • Role of the valuer

An introduction to residential valuation methods

  • The comparative method
  • Capitalisation or investment method
  • Residual method

The typical valuation process

  • Desktop review
  • Site inspection
  • Comparable search
  • Analyse, reflect and assign value
  • Report to the client
  • Keeping records and a database

Factors influencing value

  • Location and environmental factors
  • Type, style and quality of fittings
  • Accomodation and design
  • Condition and defects
  • Economic influences on demand and supply
  • Local knowledge

Valuing new-build property

  • Mass build developments
  • Flats
  • Self-build
  • Refurbishments and renovations

An overview of professional standards

  • The Red Book
  • Definitions (Market Value; Market Rent; PMV)
  • The client and responsibilities to others
  • Lender valuations
  • Conflicts of interests
  • Taking & confirming instructions
  • Investigations and inspections
  • Assumptions & special assumptions
  • Valuing with restricted information (drive-by valuations)
  • Re-type reports
  • The RICS HomeBuyer Report
  • Automated valuation models (AVM?s) and using databases

Buy to Let valuations

  • Single properties and portfolios
  • The importance of MR
  • Implications of recent case law

Insurance reinstatement figures

  • Basics of the BCIS guide
  • Historic buildings

The importance of Pll

  • RICS requirements
  • Claims explained
  • Reporting circumstances

Who should attend

  • This course is suitable for Trainees and newly qualified Valuers as well as to anyone who would like to develop and improve their residential property valuation skills.
  • APC Candidates could also benefit from the knowledge and skills provided by this course in order to develop their competency in this area.


Course Structure

  • The day introduces the basic approaches to valuation including principles and methods, as well as presenting the Red Book standards.
  • The typical residential valuation process will be explored with a specific focus on factors affecting value.
  • Case studies on various types of residential valuation which will help attendees to consolidate their knowledge acquired during the session

Other dates


  • Early bird price 10% Off - Book before 9 April
    RICS Professionals £292.50 + VAT
  • 10% Off - Book before 9 April
    Non-RICS Professionals £378 + VAT
  • Standard Price RICS Professionals £325 + VAT
  • Non-RICS Professionals £420 + VAT
  • Visa

  • Mastercard



Graeme Wright on 07/11/2017

"I recently attended the RICS training course - Fundamentals of Valuation (Residential) in Birmingham. This course is a must for any existing or soon to be Valuation Surveyor! The details of the course and knowledge of the trainer was fantastic."

Very interesting

Ross Nedderman, Amicus PLC on 10/10/2017

"Very useful and interesting course. Overall, a well-spent day"

Have training delivered In-House

Call +44(0)24 7686 8584

Find out more about getting this course delivered in-house for your team, tailored to your business requirements and at a location to suit you.

Contact the In-House team

£292.50 + VAT