Why early-stage valuation input matters
Registered Providers are regularly required to assess acquisition opportunities and make commercial decisions before a formal valuation instruction is commissioned. In many cases, there is a need for an informed view on value to help support internal discussions, appraisals and bidding strategy at an early stage of the process.
Desktop valuation advice at the outset
We are able to provide desktop valuation advice to assist clients during the initial stages of an acquisition. This can give an early indication of value and allow pricing assumptions to be reviewed before further time and cost is committed.
When this advice is most useful
This type of advice can be particularly helpful where indicative pricing guidance is required to support a bid submission, a scheme is at an early stage of negotiation, acquisition opportunities are being reviewed, or an RP wishes to sense-check pricing assumptions prior to progressing matters further.
What we can advise on
We are typically asked to provide preliminary advice in relation to Open Market Values, Open Market Rents and retrospective 1 January 1999 valuations for rent setting purposes.
How we prepare the advice
Our advice is prepared using available market evidence together with planning information, tenure assumptions, scheme details and information supplied by the client or developer. Depending on the requirement, this may include analysis of comparable evidence, local market conditions and other factors relevant to the proposed acquisition.
Desktop advice versus a formal Red Book valuation
The service is intended to provide a practical overview of value at an early stage, supporting commercial decision making while discussions progress. Importantly, desktop advice is clearly separate from a formal RICS Red Book valuation and should not be relied upon for financial reporting or secured lending purposes.
Supporting the full acquisition journey
Where a transaction proceeds, we can then provide a full Red Book-compliant valuation in accordance with the RICS Valuation – Global Standards. This includes formal terms of engagement, inspection, due diligence, market analysis and reporting. By offering both preliminary valuation advice and formal Red Book reporting, we support Registered Providers from initial pricing discussions through to governance and transaction requirements.
South West coverage and experience
With coverage across the South West region, our development team combines extensive local market knowledge with experience across a range of residential and affordable housing sectors.
Get in touch
If you would like to discuss acquisition opportunities or valuation requirements, please contact Stephen Maycock via our Development Services page. Expert Development Consultancy Services in the South West – Vickery Holman
