BU5525 - Advanced Valuation and Development

Credit Points: 15

Course Co-ordinator: Professor N E Hutchison

Pre-requisite(s): None

Co-requisite(s): None

Computer spreadsheets and valuation; DCF appraisal model and calculations of worth/investment value; premiums and surrender and renewal of leases; valuation of over-rented property; valuation of development properties; valuation of licensed premises; valuation standards; introduction to the UK tax system & land and property tax computations; intrduction to valuation for rating and Council Tax; rateable occupation and the unit of valuation; comparative method of valuation; contractor's basis of valuation; receipts and expenditure method; the revaluation cycle/alteration of the Roll; appeal system; international comparison.

3 x one hour lectures plus one tutorial per week

1 one hour written examination (50%); continuous assessment (50%) comprising of two reports of up to 1500 words each (each at 25%)