Valuation methodology
Every report follows the same documented structure and the same sequence of work, so the opinion can be interrogated, defended and relied upon.
Report structure
A valuation report is a technical document, not a certificate with a number on it. Each of the four parts below carries a distinct function.
The three methods
Market comparison
Value is derived from recent transactions of similar properties in the same locality, adjusted for differences in size, location, tenure, condition and date of sale. It is the primary method wherever a functioning market with verifiable evidence exists — most residential property, serviced plots and standard commercial units.
Value = Adjusted rate per unit × Property size
Capitalisation of income
Value is derived from the income the property produces. Net annual income, after outgoings, is capitalised at a yield reflecting the risk and quality of that income stream. Used for tenanted commercial property, rental blocks, and any asset held primarily for the return it generates.
Market Value = Net Annual Income ÷ Capitalisation Rate
Depreciated replacement cost
Value is derived from the cost of replacing the improvements with a modern equivalent, less allowances for physical deterioration and functional, economic and technological obsolescence, plus the value of the land. Used for specialised assets rarely traded on the open market — institutional buildings, plant, and purpose-built industrial facilities.
Value = Land Value + (Replacement Cost − Depreciation & Obsolescence)
Work plan
Scope, purpose, basis of value and fee confirmed in writing.
Title, search, encumbrances, planning status and approvals verified.
Measurement, GPS confirmation, photography and condition survey on site.
Comparable evidence gathered and analysed; method applied and cross-checked.
Report drafted, peer reviewed and signed by a registered valuer.
Turnaround
Standard reports are issued within two to five working days of inspection, provided title documents and access have been made available. Portfolio and specialised plant instructions are scoped individually, with a delivery date confirmed at the point of instruction rather than estimated afterwards.
Instruct a valuation