Our reports are provided in accordance with the RICS Valuation – Professional Standards. When preparing reports, valuers compare evidence of recent sales in order to provide an opinion of value at a specific point in time. Ideally comparables include properties within the immediate locality offering similar accommodation and style to that of the subject property. However, comparable evidence need not be identical and it is sometimes the case that no direct comparable evidence is available. In such cases the valuer will use their experience to adjust for any variances in matters such as size, condition and specific location or geographical appeal. Valuers consider a wide range of comparable evidence and their research is thorough.
Details of properties currently on the market and valuations provided by estate agents do not relate to realised sale values. Also estate agent marketing appraisals are prepared for a different purpose than mortgage valuation or survey reports. Such information cannot be considered in lieu of comparable sales evidence.