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PO3006: APPLIED VALUATION (2018-2019)

Last modified: 22 May 2019 17:07

Course Overview

This course applies the principles of valuation taught at level 2 to more complex real world examples. Topics covered include rent reviews, compulsory purchase, property investment, property development and national and local taxation.  Numeracy and analytical skills are further developed along with expertise in the use of Excel.  In addition, the course also covers professional surveying practice, including ethics, and stimulates students to consider their career path by requiring students to prepare a CV and prepare for a mock interview.

Course Details

Study Type Undergraduate Level 3
Session First Sub Session Credit Points 30 credits (15 ECTS credits)
Campus None. Sustained Study No
  • Professor Norman Hutchison

Qualification Prerequisites

  • Either Programme Level 3 or Programme Level 4

What courses & programmes must have been taken before this course?

What other courses must be taken with this course?


What courses cannot be taken with this course?


Are there a limited number of places available?


Course Description

The course is intended to discuss and explore the following issues:
  • Investment Appraisal: an examination of current issues in investment appraisal
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  • Business Appraisal: financial reports; analysis of balance sheets and profit and loss accounts; valuation of specialised operational entities (eg. hotels, public houses and leisure properties)
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  • Compulsory Purchase: an examination of the role of compulsory purchase, how it operates and the valuation of assessing compensation due in different scenarios
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  • Local Taxation: an in-depth examination of the approach to the valuation of both residential and commercial properties as used to determine the annual payment of Council Tax and Business rates respectively
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  • Rent Review: how rent reviews are instigated, conducted and resolved
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  • Estate Agency: how both residential and commercial properties are disposed/purchased/leased in the market-place
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  • National Taxation: an examination of the main national UK taxes that affect property and relevant valuations that require to be undertaken
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  • Practice Management: an investigation as to how surveying organisations operate effectively and the role of the APC graduate surveyor within that structure
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    In light of Covid-19 this information is indicative and may be subject to change.

    Contact Teaching Time

    Information on contact teaching time is available from the course guide.

    Teaching Breakdown

    • 1 Lecture during University weeks 7 - 15, 17
    • 1 Seminar during University weeks 7 - 17

    More Information about Week Numbers

    In light of Covid-19 and the move to blended learning delivery the assessment information advertised for second half-session courses may be subject to change. All updates for second-half session courses will be actioned in advance of the second half-session teaching starting. Please check back regularly for updates.

    Summative Assessments

    1st Attempt: 1 two-hour written examination (60%), two pieces of in-course assessment (35%) comprising an essay (20%) and report (15%) each 2,000 words, plus submission of a CV and covering letter and attendance at mock interview (5%).

    Resit: 1 two-hour written examination (100%).

    Formative Assessment

    This will take place both through tutorial discussions and practice valuation exercises.


    Students will receive individual written feedback on their written coursework. They will also receive model answers to selected practice exercises as well as verbal feedback in the course of tutorial discussions.

    Course Learning Outcomes


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