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Module 1
Mandatory requirements and guidance for valuations
- The APC Valuation Competency
- RICS Mandatory Requirements and Guidance
- RICS Red Book Overview
- The RICS Global Red Book effective from 31st January 2025
- The RICS UK Red Book
- Purpose of the Red Book(s)
- RICS Professional Standards
- Terms of Engagement (scope of work)
- Bases of Value Assumptions and Special Assumptions
- Valuation Approaches and Methods
- Inspections, Investigations & Records
- Valuation Models
- Valuation Reports
- Regulated Purpose Valuations
- Valuation for Financial Reporting (Asset Valuations)
- Valuation for Secured Lending
- Valuation of Residential Property
- Material Valuation Uncertainty (MVU)
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Module 2
Conventional valuation methods and their application
- The APC Valuation Competency
- RICS Mandatory Requirements and Guidance
Comparison
- Use and Comparable Evidence
- Assembly
- Weighting and Ranking
- Interpolation and Extrapolation
- Zoning
Investment
- Use and Basic Form
- Net Income and Outgoings
- Years Purchase and Yield
Residual
- Use and Basic Form
- Valuation of Development Property
- Calculation of Development Profit
- Ransom Strips / Ransom Value
Profits
- Use and Basic Form
- Valuation Practice and Checks
Contractors / DRC
- Use and Basic Form
- Valuation Information Paper
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Module 3
Conventional and contemporary investment valuation techniques
- The APC Valuation Competency
- RICS Mandatory Requirements and Guidance
Valuation Mathematics
- Compounding
- Discounting
- Present Value of £1 p.a.
Investment Yields /Discount Rates
- Inflation-free economy
- The Yield Gap
- Inflationary economy
- The Reverse Yield Gap
Growth Implicit Techniques
- Market Rented Freeholds and the All Risks Yield
- Gross and Net Yields
- Reversionary Freeholds including over-rented properties
- Equivalent Yield analysis
- Leasehold Interests
- Quarterly in Advance income
Growth Explicit Techniques
- Value, Worth and Price
- Yield Construction / Discount Rates
- Gross and Net Present Value
- Internal Rate of Return
- Valuation and DCFs
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