VALUATION OF PROPERTY 3

SHE Level 4
SCQF Credit Points 20.00
ECTS Credit Points 10.00
Module Code MHK221888
Module Leader Malawi Ngwira
School School of Computing, Engineering and Built Environment
Subject Construction and Surveying
Trimester
  • A (September start)

Pre-Requisite Knowledge

M2K221886 Valuation of Property 2

Summary of Content

Review and critique of traditional investment methods Compulsory purchase claims Advanced valuation methods

Syllabus

Critical review of traditional valuation methods Contemporary investment methods Statutory valuations for compensation assessments Current valuation issues

Learning Outcomes

On successful completion of this module, students should be able to: Critique investment methods of valuation Prepare appraisal of worth Prepare investment valuations Prepare compensation claims in case of compulsory acquisition Plan, research and execute tasks effectivelyShow initiative and flexibility in the application of surveying principles and techniquesDemonstrate efficient professional judgement underpinned and informed by technical abilityEvaluate research material from a variety of sources and critically appraise and evaluate resultsApply theoretical learning to practical and discipline-orientated tasksPractically apply the concepts, skills and knowledge of core subject areas in the disciplineDemonstrate effective use of knowledge and techniques in the discipline areaDevelop an in-depth knowledge of applied property law, financial and managerial techniquesDemonstrate a commercial awareness of the construction and property markets

Teaching / Learning Strategy

A teaching package comprising lectures, electronic notes, recommended reading and web links will provide the basic theoretical concepts. This material will be supported by on-line discussion boards and by face to face seminars delivered wwekly throughout the Semester. Learning and teaching strategies will be developed and implemented appropriate to students' needs, to enable all students to participate fully in the module.

Indicative Reading

Essential reading -360 1. Baum, A and N. Crosby (2007) Property Investment Appraisal, Blackwell -360 2. Curwin and Slater, (), Quantitative Methods for Business Decisions , Thomson -360 3. David Isaac (1998), Property Investment , Palgrave Macmillan -360 4. Harvard, T (2000), Investment Property Valuation , Chandos Publishing (Oxford 5. RICS (1997), Calculation of Worth: Information paper 6. RICS (1997), Commercial Property: Valuation methods: Information paper 7. Rowan Robinson, J (2009). Compulsory Purchase and Compensation , Sweet and Maxwell 8. Wyatt, P (2013) Property Valuation, Wiley Recommended reading -360 1. Butler and Richmond, Advanced Valuation , Macmillan -360 2. Baum, A. (2007), Statutory Valuations , Butterworth Heinemann -360 3. David Isaac & John O'Leary (2011), Property Investment , Palgrave Macmillan -360 4. Davidson (13 th edition) Parry's Valuation and Investment tables, Estates gazette -360 5. Denyer-Green (9 th edition), Compulsory Purchase and Compensation , Estates Gazette 6. Enever and Isaac (1994) The valuation of property investments, Estates Gazette 7. Fraser, W.D. (), Cash Flow Appraisal for Property Investment, Palgrave Macmillan -360 8. Guy Roots James Pereira & Michael Humphries (2011), The Law of Compulsory Purchase , Marston Book Services Limited -360 9. Hayward, R. (2008) Valuation: Principles into Practice, Butterworth Heinemann 10. Linne, Kane and Dell (2000) A Guide to Appraisal Valuation Modelling, Appraisal Institute -360 11. Steven Kane, M.R. Linne, and J.A. Johnston (2004), Practical Applications in Appraisal Valuation Modelling, Appraisal Institute 12. Williams, R.G. (4 th Edition), Agricultural Valuations, A Practical Guide, Estates Gazette

Transferrable Skills

Problem solving (D1) Knowledge and Understanding in the context of the subject (D3) Independent Working (D7) Information retrieval skills (D10)

Module Structure

Activity Total Hours
Seminars (FT) 25.00
Assessment (FT) 20.00
Independent Learning (FT) 155.00

Assessment Methods

Component Duration Weighting Threshold Description
Coursework 1 n/a 30.00 35% Coursework will comprise an individual valuation report of approximately 2000 words.
Exam (Exams Office) 3.00 70.00 35% Formal Exam (3 hours)Exam will cover entire syllabus