Property Valuation

PLAN60331 Property Valuation 15 Semester 1 Postgraduate Taught Level 6 Mark Shepherd Unit coordinator Planning, Property and Environmental Management 1 FHEQ level (Framework for Higher Education Qualifications) ' Masters/Integrated Masters P4 ' European Credit Transfer & Accumulation System Rating : 7.5 <div> In this module you will consider the role of property and the purpose of valuation. You will examine the five principal methods of valuation and their application. Through lectures, workshops and tutorial exercises you will develop competence in applying these techniques to various property types and interests, with particular focus on the market and income approaches. You will research and analyse property data and develop understanding of the factors which affect value, the hierarchy of evidence and the reliability of valuations. This unit will enable you to critically consider contemporary issues in property valuation. Through the assessment process, you will be able to explore a sector of the property market in depth. You will have the opportunity to enhance your negotiation skills through the group task. You will also have the opportunity to inspect and measure, for valuation purposes, a commercial building in Manchester City Centre and prepare a valuation report, having regard to the appropriate professional regulations.</div>   <div> In this module you will consider the role of property and the purpose of valuation. You will examine the five principal methods of valuation and their application. Through lectures, workshops and tutorial exercises you will develop competence in applying these techniques to various property types and interests, with particular focus on the market and income approaches. You will research and analyse property data and develop understanding of the factors which affect value, the hierarchy of evidence and the reliability of valuations. This unit will enable you to critically consider contemporary issues in property valuation. Through the assessment process, you will be able to explore a sector of the property market in depth. You will have the opportunity to enhance your negotiation skills through the group task. You will also have the opportunity to inspect and measure, for valuation purposes, a commercial building in Manchester City Centre and prepare a valuation report, having regard to the appropriate professional regulations.</div>   <div> • introduce the principal methods of property valuation and measurement• demonstrate the application of these methods in a range of contexts• explore the mathematical basis of different methods of valuation• critically examine the physical, legal and economic factors affecting the value of real estate assets and the regulatory framework under which valuations are carried out• critically investigate current issues in valuation practice</div>   <ul><li>Critically discuss the characteristics of property markets across sectors and geographical areas</li><li>Select appropriate valuation techniques and apply these accurately in a range of contexts</li><li>Explain the framework of regulation for valuation practice in the UK and international contexts</li></ul> <ul> <li> Critically appraise a range of valuation approaches and techniques and their application in a variety of property market conditions</li> <li> Reflect and comment upon the reliability and accuracy of single point estimate valuations</li> </ul> <ul><li>Demonstrate numeracy skills through the appreciation of issues around selection, accuracy, uncertainty and approximation with numbers</li><li>Communicate ideas effectively though the preparation of professional reports, presentations and written essays</li><li>Demonstrate negotiation skills to reach agreement, recognising intercultural backgrounds</li></ul> <ul> <li> Appreciate the role of professional regulation, including the role of lifelong learning</li> <li> Within a team, recognise and identify the views of others and work constructively with them</li> </ul> <div>A range of teaching and learning methods will be adopted with conventional lectures used to introduce the topics in a structured manner. Workshops and tutorials will be used to apply valuation and measurement techniques and to facilitate critical debate about key issues in valuation theory and practice. There will be opportunities to explore current issues with valuation practitioners to ensure that any valuation debate is grounded in current practice. A key element of this unit is the on-site inspection, measurement and valuation exercise to allow these skills to be applied in a real world environment.All unit material will be available online. Formative feedback will be provided through Q&A, discussion and interactive activities within lectures, workshops and tutorials. Verbal feedback will be available on coursework discussed during consultation hours and assignment surgeries. Where appropriate, the discussion board on the VLE will be used as a repository for FAQs.</div>  0 Other 100% Group valuation and measurement exercise, presentation  (10 slides) 25% weightingIndividual Red Book style valuation report based on contemporary valuation issues (2500 words) 75% weighting Detailed feedback on summative assessments will be provided via the VLE. This will be in written or audio format.    MSc Planning FT MSc Planning FT PGDT Taught Component Optional MSc Planning PT MSc Planning PT PGDT Taught Component Optional MSc Urban Regen and Develop MSc Urban Regen & Develop PGDT Taught Component Optional MSc Urban Regen and Develop MSc Urban Regen & Develop PGDT Taught Component Optional MSc Real Estate MSc Real Estate Development PGDT Taught Component Mandatory MSc Real Estate MSc Real Estate Asset Managet PGDT Taught Component Mandatory MSc Real Estate PT MSc Real Estate Development PT PGDT Taught Component Mandatory MSc Real Estate PT MSc Real Estate Asset ManagePT PGDT Taught Component Mandatory Y Blackledge M. (2017) Introducing Property Valuation (2nd Edition), Abingdon: RoutledgeBaum A., Mackmin D. and Nunnington N. (2017) The Income Approach to Property  Valuation (7th Edition), Abingdon: RoutledgeHayward R. (Ed.) (2014) Valuation: Principles into Practice (6th Edition, Abingdon: RoutledgeMillington A. F. (2000) An Introduction to Property Valuation (5th Edition), London: Estates GazetteScarrett D. and Osborn S. (2014) Property Valuation: The 5 Methods (3rd Edition) Abingdon: RoutledgeShapiro E., Mackmin D. and Sams G. (2019) Modern Methods of Valuation (12th Edition), Abingdon: RoutledgeWyatt P. (2013) Property Valuation (2nd Edition), Oxford: Wiley-Blackwell External visits 4 Lectures 20 Seminars 10 Tutorials 6 0 110