- 243 pages
- English
- PDF
- Available on iOS & Android
eBook - PDF
Property Valuation Principles
About this book
This concise textbook is a user-friendly introduction to property valuation for students and practitioners who are new to the subject. The text covers the following key areas of study: valuation and markets, methods of valuation, the investment method in detail, taxation and statutory valuations, and the development appraisal and finance. It is packed with worked examples and photos, and covers the five main methods of valuation, their application in a variety of markets and their relation to the wider economic context. It aims to build knowledge and develop a subject vocabulary.
This text is aimed primarily at undergraduates or students on postgraduate conversion courses in estate management, property, surveying, planning, design and construction disciplines.Ā Professional advisors such as bankers, financial advisors, accountants, investors, analysts and lawyers should also find this text useful as an aid to their dealings in the property sector.
New to this Edition:
- Discussion on the impact of sustainability on valuation
- End of chapter self-assessment questions provoke reflection with outline answers at the back of the book
- Each chapter begins with key aims and a list of key terms with their definitions
- Photographs illustrate different property characteristics and settings
- Includes even more worked examples, including buy-to-let residential properties and affordable housing
This text is aimed primarily at undergraduates or students on postgraduate conversion courses in estate management, property, surveying, planning, design and construction disciplines.Ā Professional advisors such as bankers, financial advisors, accountants, investors, analysts and lawyers should also find this text useful as an aid to their dealings in the property sector.
New to this Edition:
- Discussion on the impact of sustainability on valuation
- End of chapter self-assessment questions provoke reflection with outline answers at the back of the book
- Each chapter begins with key aims and a list of key terms with their definitions
- Photographs illustrate different property characteristics and settings
- Includes even more worked examples, including buy-to-let residential properties and affordable housing
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Information
valueĀ
similarĀ
toĀ
marketĀ
rentedĀ
newĀ
propertiesĀ
onĀ
theĀ
businessĀ
parkĀ
andĀ
forĀ
this
unitĀ
thatĀ
wouldĀ
equateĀ
Ā£65,000Ā
netĀ
perĀ
annum.Ā
HoweverĀ
thereĀ
willĀ
beĀ
aĀ
one-
yearĀ
voidĀ
periodĀ
whenĀ
refurbishmentĀ
workĀ
willĀ
beĀ
carriedĀ
outĀ
duringĀ
which
thereĀ
willĀ
beĀ
businessĀ
ratesĀ
andĀ
lettingĀ
feesĀ
toĀ
pay.Ā
ItĀ
isĀ
anticipatedĀ
thatĀ
these
costsĀ
willĀ
amountĀ
toĀ
Ā£80,000.
TheĀ
calculationĀ
accompanyingĀ
theĀ
aboveĀ
scenarioĀ
isĀ
asĀ
follows.
TermĀ
ofĀ
2Ā
years
NetĀ
annualĀ
rent
Ā£45,000
YPĀ
forĀ
2Ā
yearsĀ
@Ā
7%
1.8080
ValueĀ
ofĀ
theĀ
term
Ā£81,360
1-yearĀ
periodĀ
forĀ
refurbishmentĀ
andĀ
re-letting
CostĀ
ofĀ
work,
lettingĀ
feesĀ
andĀ
businessĀ
rates
Ā£80,000
PVĀ
ofĀ
Ā£1Ā
inĀ
2Ā
yearsĀ
@Ā
6%
0.8900
PresentĀ
valueĀ
ofĀ
theĀ
costs
Ā£71,200
Reversion
NetĀ
rentĀ
anticipated
Ā£65,000
YPĀ
inĀ
perp.
@Ā
8%
12.5
xĀ
PVĀ
ofĀ
Ā£1Ā
inĀ
3Ā
yearsĀ
@Ā
8%
0.7938
YPĀ
inĀ
perp.
@Ā
8%Ā
deferredĀ
3Ā
years
9.9225
ValueĀ
ofĀ
theĀ
reversion
Ā£644,963
TotalĀ
capitalĀ
valueĀ
havingĀ
deductedĀ
costsĀ
ofĀ
Ā£71,200
Ā£655,123
142
PropertyĀ
ValuationĀ
Principles
2-yearĀ
termĀ
with
Ā£45,000Ā
perĀ
annumĀ
rentĀ
passing
Re-lettingĀ
atĀ
anĀ
annualĀ
rentĀ
ofĀ
Ā£65,000
1Ā
yearĀ
voidĀ
forĀ
refurbishment
andĀ
re-letting
costingĀ
Ā£80,000
RentalĀ
Value
Years
FigureĀ
8.4
TermĀ
andĀ
reversionĀ
formatĀ
depictingĀ
aĀ
refurbishmentĀ
andĀ
re-letting
scenario
Table of contents
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Yes, you can access Property Valuation Principles by David Isaac,John O'Leary in PDF and/or ePUB format, as well as other popular books in Business & Real Estate. We have over one million books available in our catalogue for you to explore.