Valuation is at the heart of our property consultancy since it underpins all property transactions and ownership. We work with clients across the South West offering an integrated commercial property service from business rates consultancy through to commercial agency.

In all areas, valuation is a core service. Our team consists of 19 RICS Registered Valuers and 6 Graduates across the South West region, giving us the ability to provide accurate and reliable valuations for our clients.

Development Consultancy Valuations & Appraisals

Asset Valuation

Valuations Valuation For Tax Legal Purposes

Valuation For Tax & Legal Purposes

About Valuations

Our ethos is to provide an affordable service without compromising on quality. All of our Valuers are qualified surveyors and are RICS registered, guaranteeing you will receive a professional and impartial valuation. Our team of Valuers is based either in Truro, Plymouth, Exeter or Bristol, giving us excellent regional and local market knowledge which we use to inform our valuations.
In addition to our detailed knowledge of local markets, we value the following types of properties and specialisms.

Types of properties:

We carry out valuations for many reasons. To make things easier for you, we’ve put more detailed information about the 4 most common types of valuations we are asked to do. We have also answered many of the questions we are asked regularly. If we haven’t answered your question, please get in touch and we’ll be delighted to help you.

Frequently Asked Questions

What is an RICS Registered Valuer and What is the Red Book?

RICS is the Royal Institution of Chartered Surveyors, a global professional body dedicated to promoting and enforcing the highest international valuation, land development and management, real estate, construction and infrastructure standards. Using an RICS Registered Valuer means that you get an impartial, professional valuation based on in depth local knowledge.
An RICS Valuation is a professional assessment by a RICS registered valuer of the Market Value of property or land, taking several factors into account which impact on a valuation, including current market conditions, location, size and condition of property and any adverse factors that may impact the value. Valuations may be carried out for a number of reasons, the most common being for a mortgage or lending purpose, insurance or as part of an investment / asset valuation.
The Red Book is simply the publication that covers the valuation standards set by RICS that all registered valuers have to adhere to. The Red Book sets out the professional standards and guidelines that valuers have to meet.

Why do I need a valuation on my commercial property?

You may need a valuation on your commercial property because you need an impartial opinion for mortgage or lending purposes, or because you plan to sell or let your property. There are many reasons why you would want to have a valuation but you should use a registered RICS Valuer to ensure you receive the highest professional level of service.

The most common reasons for a commercial property valuation include:

  1. Assessing the value to put the property on the market
  2. Reassuring a buyer or tenant that the price/rent you are charging is reasonable and inline with market values
  3. For a mortgage underwriter, so they know your property is worth the money they are lending
  4. For compulsory purchase
  5. Valuing assets as part of liquidation, merger or acquisition
How do you value a commercial property?

A commercial property can be valued by for example, calculating the value based on the passing rent and Market Rent for the property. Market Rent is assessed by comparison of open market rental transactions of similar properties within the locality. If a commercial property is vacant, similarly we would compare vacant possession transactions in order to establish a value.

For a residual development valuation, a valuer would calculate the value of the finished development then minus costs, for example of construction and professional fees, to give a value for the property or land.  Valuers also look at the market values of similar properties in the locality and consider the factors that would increase or decrease the value of your property. 

A professional valuation of a commercial property can be complicated and will look at a multitude of factors from the location to the rental income to the quality of the building materials.

What is a ‘Red Book’ valuation?

A Red Book valuation is a term used to signify that a valuation has been carried out by a fully trained and registered professional RICS Registered Valuer. The Red Book is simply the publication that covers the valuation standards set by RICS that all registered valuers have to adhere to. The Red Book sets out the professional standards and guidelines that valuers have to meet.

What are the most important factors in a valuation?

The most important factors in a valuation are;

  1. Who carried out the valuation? Using an RICS Registered Valuer will give you a professional, impartial opinion
  2. Market Values in the region
  3. Location
  4. Current purpose of the land / property and potential development options
  5. Condition of the land / property

There are many factors that impact on a valuation, so please contact us to talk to an RICS Registered Valuer in your area. We have 21 Valuers around the South West.

What is a lending panel?

A lending panel is a list of approved firms who can act on behalf of a particular mortgage provider or lender. Those providers or lenders will only accept valuations from approved valuation companies, like Vickery Holman.

We are on the panel for most of the main high street lenders, as well as more specialist lenders for residential or commercial properties. 

Which geographical area does Vickery Holman cover?

Vickery Holman covers the South West of the UK with 21 Valuers based from Truro to Bristol. We have 4 offices, in Truro, Plymouth, Exeter and Bristol but our Valuers have in-depth local knowledge in addition to our regional and national expertise. Please see the map on the Valuations page to see where our Valuers are based.

Development Site

Falmouth

Vickery Holman has recently undertaken a valuation of a part-built development site in Falmouth, with an outstanding build cost of £5.5 million and estimated GDV of £15 million.

The development, once complete, will comprise 30 new build dwellings and is expected to generate significant levels of interest, being within close proximity to Falmouth Golf Club and Swanpool beach.

Vickery Holman liaised with all parties involved including developer, contractor, planning consultant and sales agent to provide the detailed valuation report and development appraisal required by the lender.

The valuation was submitted and financed has been approved enabling the scheme to progress.

Employment Opportunities

We are always looking for talented individuals to join our ever expanding team, please get in touch by emailing careers@vickeryholman.com.

Our current vacancies include:

Development Land Agent

Location: Truro/Plymouth/Exeter/Bristol

Package: £30,000 – £45,0000 DOE. plus company car/allowance, benefits package, and commission structure (to be agreed).

Role: Our growing Development Consultancy Team requires additional resource to facilitate on-going and increasing workload levels. We seek to recruit an experienced land agent to help grow the business across the South West, working closely with our existing team of professional and agency surveyors. The successful candidate would need to show experience and ability to immediately pick up-ongoing instructions ranging from single build plots through to large scale strategic sites.

Responsibilities:
– Identifying and appraising new development opportunities
– Acquiring or disposing of sites for clients
– Assisting with securing planning consents and general development consultancy

Experience: Background and experience in development.

Hours: Full time

Start date: Immediate

Building Surveyors

Location: Bristol and Plymouth

Package: Competitive Salary from £40,000 and Bonus Scheme plus paid holiday starting at 33 days (including Bank Holidays)

Role: We are looking for Building Surveyors to join our team.
We work for a varied client base, from private individuals, SME’s, and regional and national clients providing a broad range of works. Varied workload and can be tailored to suit experience and expertise to allow candidate to specialise in their desired field.
Existing workload includes the following job types and can be tailored to candidates skills and personal preferences – Dilapidations, Neighbourly matters, Residential and Commercial Building Surveys, Schedules of Condition, Project Monitoring, Reinstatement Cost, Assessments, Contract Administration, Project Work, CDM Duties.
The role has excellent prospects for progression within the firm, with a clear career pathway, this position is an excellent opportunity for an ambitious individual.

Experience: Building Surveyor

Hours: Full time role but happy to consider part time, flexible working.

Start Date: Immediate

Development Surveyor

Location: Plymouth/Exeter

Package: From £30,000 – £45,0000 DOE. plus company car/allowance, benefits package, and commission structure

Role: Our growing Development Consultancy Team requires additional resource to facilitate on-going and increasing workload levels. We seek to recruit an MRICS surveyor who is self-motivated and interested in developing a career in property within one of the SW’s leading property consultancies. Day to day work is varied but includes viability appraisals, secured lending valuations of development sites and strategic development advice.

Experience: MRICS qualified with a background and experience in development.  It is essential that you have proven, relevant experience of development valuation, viability and consultancy including use of Argus Developer

Hours: Full time

Start date: Immediate

Commercial Property Manager

Location: Bristol

Package: £30,000+ plus car allowance and benefits package.

Role: We are looking for an experienced Commercial Property Manager located within our Bristol office.  It is essential to have a good working knowledge of Landlord and Tenant Act, be organised and methodical.

Experience:  The candidate must be RICS qualified or have extensive experience in managing commercial property.

Hours: Full time with part time hours considered if desired.

Start date:  Immediate

Graduate General Practice/Commercial Real Estate Surveyor

Location: Bristol, Exeter, Plymouth, Truro

Package: Year 1 – £23,000; Year 2 – £25,000

Role: Full time graduate in General Practice/Commercial Real Estate.  We require additional graduate resources to facilitate ongoing workload in the General Practice service, covering valuation, lease advisory, business rates and development.  Candidates would ideally be about to start or already commenced the APC process.

Experience: Relevant RICS accredited degree. Applicants with non-cognate degrees, prepared to study for relevant post graduate diploma/Masters also welcome.

Training: Full APC support is provided including payment of all RICS fees. We have a structured training programme, dedicated in house Training Manager and Assessors, with experienced Counsellors and Supervisors across all offices. 2 year fixed contract, with potential extension when qualified.

Start date: Immediate

Any questions? Call us

Our experienced team is ready to assist with unparalleled regional advice

TRURO

Tel: 01872 245600

PLYMOUTH

Tel: 01752 261811

EXETER

Tel: 01392 203010

BRISTOL

Tel: 0117 428 6555

The Team for Graduate General Practice/Commercial Real Estate Surveyor