10. Valuation techniques and issues Flashcards
(18 cards)
How can you value a long leasehold interest?
What is the RICS Independent review of Real Estate Investment Valuations, 2021?
What was included within the 13 recommendations in the RICS Independent review of Real Estate Investment Valuations, 2021?
Explain how ESG and sustainability has impacted valuations
What is “margin of error”?
What is “hope value”?
What is “marriage value”?
What is the SDLT and what are the thresholds?
What is a “special buyer”?
Describe building cost reinstatement valuations / estimations
What is a “premium”?
What are “purchasers’ costs”?
What is a “WAULT”?
Weighted average unexpired lease term
How can you analyse rent free periods / headline rents?
Net effective rent
- Straight line method
- Straight line method assuming time value of cash flow using a yield
- Use a DCF
How can you value a “ransom strip”?
Land essential for developemnt
Lands tribunal evidence: Stokes v Cambridge
1/3 awarded and used as a baseline - not law
What is “zoning”?
What are “party walls”?
What are “rights to light”?
