Property Valuation Principles
eBook - PDF

Property Valuation Principles

  1. 248 pages
  2. English
  3. PDF
  4. 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.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

Frequently asked questions

Yes, you can cancel anytime from the Subscription tab in your account settings on the Perlego website. Your subscription will stay active until the end of your current billing period. Learn how to cancel your subscription.
No, books cannot be downloaded as external files, such as PDFs, for use outside of Perlego. However, you can download books within the Perlego app for offline reading on mobile or tablet. Learn more here.
Perlego offers two plans: Essential and Complete
  • Essential is ideal for learners and professionals who enjoy exploring a wide range of subjects. Access the Essential Library with 800,000+ trusted titles and best-sellers across business, personal growth, and the humanities. Includes unlimited reading time and Standard Read Aloud voice.
  • Complete: Perfect for advanced learners and researchers needing full, unrestricted access. Unlock 1.4M+ books across hundreds of subjects, including academic and specialized titles. The Complete Plan also includes advanced features like Premium Read Aloud and Research Assistant.
Both plans are available with monthly, semester, or annual billing cycles.
We are an online textbook subscription service, where you can get access to an entire online library for less than the price of a single book per month. With over 1 million books across 1000+ topics, we’ve got you covered! Learn more here.
Look out for the read-aloud symbol on your next book to see if you can listen to it. The read-aloud tool reads text aloud for you, highlighting the text as it is being read. You can pause it, speed it up and slow it down. Learn more here.
Yes! You can use the Perlego app on both iOS or Android devices to read anytime, anywhere — even offline. Perfect for commutes or when you’re on the go.
Please note we cannot support devices running on iOS 13 and Android 7 or earlier. Learn more about using the app.
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.

Information

Year
2017
Print ISBN
9780230355804
eBook ISBN
9781137017284
Edition
2
Subtopic
Real Estate
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