Understanding property valuations and their purposes

A valuation can mean different things depending on why it is needed. Understanding what a professional valuation is — and the purpose it is prepared for — helps you instruct the right service.

What a valuation is

A market valuation is a professional opinion of value at a specific date, prepared for a defined purpose and informed by relevant property attributes, market evidence and professional judgement. Factors such as size, condition, location and market context all inform the opinion.

Crucially, a valuation is tied to a date and a purpose. The same property can have different reported figures depending on the basis and purpose of the valuation.

Common valuation purposes

Eden Pinnacle Keys can assist with valuation requirements including:

• Market value and market rent
• Probate valuation
• Inheritance tax (IHTInheritance Tax — a valuation is often required to assess a property's value for an estate.) valuation
• Capital gains tax (CGTCapital Gains Tax — tax on the gain when disposing of a property or asset.) valuation
• Shared ownership and shared equity valuation
• Right to Buy valuation
• Insurance reinstatement appraisal

Why the purpose matters

Each purpose has its own conventions and requirements. A probate valuation, for example, serves a different function from a valuation prepared to inform a sale. Being clear about the purpose from the outset ensures the report is fit for its intended use.

If you need a valuation, book a valuation and we will confirm the purpose and date required.