PO3006: APPLIED VALUATION (2021-2022)

Last modified: 31 May 2022 13:05

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	Aberdeen	Sustained Study	No
Co-ordinators	Dr Fiona Stoddard

Qualification Prerequisites

Either Programme Level 3 or Programme Level 4

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

Any Undergraduate Programme (Studied)
PO2509 Principles of Property Valuation (Passed)

What other courses must be taken with this course?

None.

What courses cannot be taken with this course?

PO3007 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

Alternative Assessment

1x 2,000-word Essay (50%)

1x 2,000-word Case Study (50%)

Alternative Resit Assessment

2x Short essay questions, both of which require to be answered (100%). Resit paper is available on MyAberdeen for one week.

Formative Assessment

There are no assessments for this course.

Course Learning Outcomes

Knowledge Level	Thinking Skill	Outcome
Factual	Remember	ILO’s for this course are available in the course guide.