Last modified: 23 Jul 2024 10:43
This course applies the principles of valuation to more complex real world examples. Topics covered include rent reviews, compulsory purchase, property investment, and property development, local and national taxation. Students are encouraged to critique traditional approaches to valuation and to consider contemporary alternatives. Numeracy and analytical skills are further developed along with expertise in the use of Excel. In addition, the course also covers professional surveying practice, including ethics, and stimulates discussion on contemporary issues and debates in the real estate industry.
| Study Type | Postgraduate | Level | 5 |
|---|---|---|---|
| Term | Second Term | Credit Points | 15 credits (7.5 ECTS credits) |
| Campus | Aberdeen | Sustained Study | No |
| Co-ordinators |
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The course will develop skills in the use of computer spreadsheets and valuation; DCF appraisal model and calculations of worth/investment value; premiums and surrender and renewal of leases; valuation of over-rented property; valuation of development properties; valuation of licensed premises. Recognition of Ethics, Rules of Conduct and Valuation standards as applied in professional practice. An introduction to the UK tax system & land and property tax computations; examination of valuation for rating and Council Tax; rateable occupation and the unit of valuation; the different methods used in calculating statutory valuations; the revaluation cycle/alteration of the Roll; appeal system.
Information on contact teaching time is available from the course guide.
| Assessment Type | Summative | Weighting | 25 | |
|---|---|---|---|---|
| Assessment Weeks | 30 | Feedback Weeks | 33 | |
| Feedback |
Feedback sheet with written commentary and rubrics in line with AoL |
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| Knowledge Level | Thinking Skill | Outcome |
|---|---|---|
| Factual | Analyse | To use spreadsheets for valuation purposes |
| Procedural | Apply | To competently use various valuation techniques in order to carry out valuations across a range of different property types and for a range of statutory and non-statutory purposes |
| Procedural | Evaluate | To appreciate the range of skills the chartered valuation surveyor needs to competently undertake his/ her work and the professional standards involved |
| Assessment Type | Summative | Weighting | 50 | |
|---|---|---|---|---|
| Assessment Weeks | Feedback Weeks | |||
| Feedback | ||||
| Knowledge Level | Thinking Skill | Outcome |
|---|---|---|
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| Assessment Type | Summative | Weighting | 25 | |
|---|---|---|---|---|
| Assessment Weeks | 35 | Feedback Weeks | 39 | |
| Feedback |
Feedback sheet with written commentary and rubrics in line with AoL |
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| Knowledge Level | Thinking Skill | Outcome |
|---|---|---|
| Factual | Analyse | To use spreadsheets for valuation purposes |
| Factual | Apply | To be able to accurately measure the floor areas of buildings and to appreciate the different bases used in such calculations |
| Procedural | Analyse | To understand how the development and re-development of property comes about and is undertaken |
| Procedural | Apply | To competently use various valuation techniques in order to carry out valuations across a range of different property types and for a range of statutory and non-statutory purposes |
| Procedural | Evaluate | To appreciate the range of skills the chartered valuation surveyor needs to competently undertake his/ her work and the professional standards involved |
| Procedural | Evaluate | To appreciate the ethics of professional practice and behaviour |
There are no assessments for this course.
| Assessment Type | Summative | Weighting | 100 | |
|---|---|---|---|---|
| Assessment Weeks | Feedback Weeks | |||
| Feedback |
2 essay style questions completed over 7 days. Each essay 750 words. |
Word Count | 1500 | |
| Knowledge Level | Thinking Skill | Outcome |
|---|---|---|
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|
||
| Knowledge Level | Thinking Skill | Outcome |
|---|---|---|
| Procedural | Evaluate | To appreciate the range of skills the chartered valuation surveyor needs to competently undertake his/ her work and the professional standards involved |
| Procedural | Apply | To competently use various valuation techniques in order to carry out valuations across a range of different property types and for a range of statutory and non-statutory purposes |
| Factual | Analyse | To use spreadsheets for valuation purposes |
| Procedural | Evaluate | To appreciate the ethics of professional practice and behaviour |
| Procedural | Analyse | To understand how the development and re-development of property comes about and is undertaken |
| Factual | Apply | To be able to accurately measure the floor areas of buildings and to appreciate the different bases used in such calculations |
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