PO3006: APPLIED VALUATION (2017-2018)

Last modified: 25 May 2018 11:16

Course Overview

This course applies the principles of valuation taught at level 2 to more complex real world examples. Topics covered include rent reviews, compulsory purchase, property investment, property development and national and local taxation. 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 students to consider their career path by requiring students to prepare a CV and prepare for a mock interview.

Course Details

Study Type	Undergraduate	Level	3
Term	First Term	Credit Points	30 credits (15 ECTS credits)
Campus	None.	Sustained Study	No
Co-ordinators	Professor Norman Hutchison

Qualification Prerequisites

Either Programme Level 3 or Programme Level 4

What courses & programmes must have been taken before this course?

One of PO2503 Principles of Property Valuation (Passed) or PO2505 Principles of Property Valuation (Passed) or PO2506 Principles of Property Valuation (Passed) or PO2509 Principles of Property Valuation (Passed)
Any Undergraduate Programme (Studied)

What other courses must be taken with this course?

None.

What courses cannot be taken with this course?

PO3004 Applied Valuation (Studied)
PO3005 Applied Valuation (Studied)

Are there a limited number of places available?

Course Description

The course is intended to discuss and explore the following issues:

Investment Appraisal: an examination of current issues in investment appraisal

Business Appraisal: financial reports; analysis of balance sheets and profit and loss accounts; valuation of specialised operational entities (eg. hotels, public houses and leisure properties)

Compulsory Purchase: an examination of the role of compulsory purchase, how it operates and the valuation of assessing compensation due in different scenarios

Local Taxation: an in-depth examination of the approach to the valuation of both residential and commercial properties as used to determine the annual payment of Council Tax and Business rates respectively

Rent Review: how rent reviews are instigated, conducted and resolved

Estate Agency: how both residential and commercial properties are disposed/purchased/leased in the market-place

National Taxation: an examination of the main national UK taxes that affect property and relevant valuations that require to be undertaken

Practice Management: an investigation as to how surveying organisations operate effectively and the role of the APC graduate surveyor within that structure

Contact Teaching Time

Information on contact teaching time is available from the course guide.

Teaching Breakdown

More Information about Week Numbers

Details, including assessments, may be subject to change until 30 August 2024 for 1st term courses and 20 December 2024 for 2nd term courses.

Summative Assessments

1st Attempt: 1 two-hour written examination (60%), two pieces of in-course assessment (35%) comprising an essay (20%) and report (15%) each 2,000 words, plus submission of a CV and covering letter and attendance at mock interview (5%).

Resit: 1 two-hour written examination (100%).

Formative Assessment

This will take place both through tutorial discussions and practice valuation exercises.

Feedback

Students will receive individual written feedback on their written coursework. They will also receive model answers to selected practice exercises as well as verbal feedback in the course of tutorial discussions.

Course Learning Outcomes