CRN 30047 and 30048 Valuation 2 Level 7 Assessment Information/Brief 2025-202
Assessment Information/Brief 2025-2026
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Module title |
Valuation 2 |
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CRN |
30047 and 30048 |
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Level |
7 |
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Assessment title |
Valuation Calculations |
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Weighting within module |
This assessment is worth 100% of the overall module mark. |
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Submission deadline date and time |
16:00 HRS – FRIDAY 5th DECEMBER 2025 Any submission received after 16:00 (even if only by a few seconds will be considered as late). For coursework assessments only: students with a Reasonable Adjustment Plan (RAP) or Carer Support Plan should check your plan to see if an extension to this submission date has been agreed. |
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How to submit
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This assignment MUST be submitted electronically through Turnitin®. By submitting the coursework on Turnitin®, you consent (insofar as your consent is needed) to the following: a) The University will submit your assessments (including details of your name and course details) to the Turnitin® service so that your assessments can be compared with the database of works that is maintained by the Turnitin® service and that is drawn from various sources including the internet; and b) Your assessments may be stored in that database of works indefinitely (or until the University stops using the Turnitin® service and requests their deletion) to help protect your assessments from future plagiarism. Where there is a match between content in your assessments and content in other works, then your assessments may also be copied by the University and other users of the Turnitin® service to allow closer analysis. Further information and support for students using Turnitin® can be found here: BLACKBOARD LEARN |
Assessment task details and instructions
Assessment Criteria
Assessment task details and instructions
You have been instructed by SALVALVE Investments Ltd who have just acquired a portfolio of real estate and have asked you to provide a series of valuations and/or valuation advice for each property within the portfolio.
Each property is detailed below and you should provide a valuation calculation (as required) with supporting detail for each property.
The calculations should be presented so that the reader can see how the calculations and assumptions (where applicable) have been applied
Property 1
A parade of retail units let under a series of leases as follows:
Unit A (Ground Floor only) – Has a frontage of 6m and a depth of 18 metres. Let on a 6 year FRI lease from the 1st December 2019 with a rent review at the third anniversary. The current rent is £12,000pa
Unit B (Ground Floor only) – Has a frontage of 7m and a depth of 20 metres. Let on a 9 year internal repairing lease from the 8th May 2012 with three year reviews. The current rent is £13,500pa
Unit C (Ground Floor only) – Has a frontage of 8m and a depth of 22 metres. Let on 12 years FRI lease from the 12th December 2019 with four year rent reviews. The current rent is £29,000pa
Unit D (Three storey) – Has a frontage of 8m and a depth of 22 metres with basement sales and a first floor office. An FRI lease was granted on the 1st October 2019 for a term of 10 years with a rent review at year 5. There is also a landlord only break clause at years 3 and 6. The current rent is £32,000
Unit E (Ground floor only and in separate ownership) comprises a 7m frontage and 20m depth has just let for £23,100pa on FRI terms.
Unit F (in separate ownership) are used for offices and were let back in October 2021 on FRI terms at a rate of £200/sqm
Unit G (in separate ownership) has a frontage of 7m and a depth of 16m and has just let and been sold to an investor for £262,500
Calculate the Market Rent and Value of each individual unit. (20 marks)
Property 2
Four industrial units:
Unit W – comprises 150sq m and let on internal repairing terms for 5 years with 2 years to lease renewal. The current rent passing is £34,000pa
Unit X – comprises 165sq m. Currently vacant.
Unit Y – comprises 175sq m let on FRI terms for 15 years with five yearly reviews from 1st January 2017 at a commencing rent of £20,000pa. There are fixed reviews in 2022 to £25,000pa and 2027 to £28,000pa
Unit Z – comprises 200sq m and recently let on FRI terms for £35,000pa.
A similar unit in separate ownership comprising 150sq m has just sold for £328,125.
Calculate the Market Value of each individual unit. (10 marks)
Property 3
A commercial unit let as a workshop for 5 years on internal repairing terms. The freeholder has obligations under the terms of the lease (external repairs):
Year 1 – Gross Rent – £7,000 (half rent)
Year 2 – Gross Rent – £14,000 (boiler replacement costing £3,500)
Year 3 – Gross Rent – £14,000 (roof works costing £4,000)
Year 4 – Gross Rent – £14,000 (electrical works – exterior £6,000)
Year 5 – Gross Rent – £8,000
The all risks yield is said to be 12% (10 marks)
Calculate the Net Present Value of the income streams.
Property 4
An office let on a 10 year lease on FRI terms at a Market Rent of £24,000pa. The tenant wishes to pay a lower rent and has offered to pay a premium of £75,000.
Calculate the annual rent to be paid. An identical property has just sold for £600,000.(6 marks)
Property 5
A warehouse with a trade counter occupied on a 10 year FRI lease with 4 years unexpired at £95,000pa. The tenant wishes to surrender the existing lease in favour of a new 10 year lease with a rent review at year 5. The Market Rent on FRI terms is £150,000pa. Assume an all risks yield at 8%.
Calculate the rent to be paid under the new lease as well as the Market Value once the new lease is granted (14 marks)
Property 6
A supermarket comprising 4,000sq m (GIA). The property is let to Tesburys (a leading retailer). The rent paid under FRI terms is £300,000pa. The Market Rent is said to be £375,000pa. The lease term is 35 years with 7 year reviews granted on the 12th December 2009 with an all risks yield for this type of investment said to be between 6 and 7.5%. The property has just been sub-let in part to a mobile phone retailer who occupy 25% of the GIA of the property for a term of 10 years with a rent review at year 5.
The sub-tenant has asked to a premium of £100,000 to reduce the rent payable.
Undertake the freehold and leasehold calculations. (15 marks)
Property 7
A leasehold residential flat let under a 99 year lease which commenced on the 1st July 1975. The current ground rent is £150pa with a fixed review to £500pa on the 1st July 2030. The market value of the property based upon a long lease is said to be £350,000. The tenant wishes to extend the unexpired term by 90 years. Calculate the premium payable.
(15 marks)
Presentation and Layout (10 marks)
Please make reference to valuation methods, relevant sections of the RICS Valuation Global Standards (and UK Supplement), legislation, case law, regulations and best practice when providing your calculations and advice. You can make reasoned assumptions where applicable but you must ensure that you use relevant information contained within this Brief as appropriate.
Please support all work using appropriate references. You should use the APA 7th Harvard Style.
Assessment Criteria
At Level 7 the following marking scale shall be used:
- Outstanding 90% – 100%
- Excellent 80% – 89%
- Very good 70% – 79%
- Good 60% – 69%
- Satisfactory 50% – 59% (Pass Mark)
- Unsatisfactory 40% – 49%
- Inadequate 30% – 39%
- Poor 20% – 29%
- Very poor 10% – 19%
- Extremely poor 0% – 9%
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Knowledge and Understanding Practical, Professional or Subject Specific Skills
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Assessed intended learning outcomes On successful completion of this assessment, you will be able to:
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Are You Looking The Solution of Valuation 2 Assignment?
Order Non Plagiarized Assignment
Employability Skills developed / demonstrated
You will develop a range of employability skills sought by employers through each assessment.
Through this assessment will have an opportunity to develop and demonstrate the following employability skills:
(please put a cross in the box for the skill and level demonstrated in the assessment)
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Skill |
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Communication |
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Critical Thinking and Problem Solving |
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Data Literacy |
x |
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Digital Literacy |
x |
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x |
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Industry Awareness |
x |
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Innovation and Creativity |
x |
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Proactive Leadership |
x |
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Reflection and Life-Long Learning |
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x |
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Self-management and Organisation |
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x |
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Team Working |
x |
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I = You will have been introduced to this skill
U = You will have developed an understanding of this skill in the context of your subject
A = You will be able to apply this skill in the context of your subject
D = You will have demonstrated an enhanced understanding and application of this skill in a wider context
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Using Artificial Intelligence (AI) Tools |
AI features of assistive technologies should be authorised unless agreement has been obtained through an ADA. |
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Word count/ duration (if applicable)
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Your assessment should be no more than 2,500 words There will not be a set penalty for exceeding the word count; however, any words over the word count will not be marked. |
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Feedback arrangements
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You can expect to receive feedback within 21 working days of submission. Feedback will be provided via TurnItIn. I am happy to meet in person (or conduct Team Interviews for our distance learners) to ensure feedback is as thorough as possible. |
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Academic Integrity and Referencing
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Students are expected to learn and demonstrate skills associated with good academic conduct (academic integrity). Good academic conduct includes the use of clear and correct referencing of source materials. Here is a link to where you can find out more about the skills which students need: Academic integrity & referencing Referencing Academic Misconduct is an action which may give you an unfair advantage in your academic work. This includes plagiarism, asking someone else to write your assessment for you or taking notes into an exam. The University takes all forms of academic misconduct seriously. |
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Assessment Information and Support
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Support for this Assessment Kevin M. Aspin at k.m.aspin@salford.ac.uk Please always email first for an appointment You can find more information about understanding your assessment brief and assessment tips for success here. Assessment Rules and Processes You can find information about assessment rules and processes in the Assessment Support module in Blackboard. Develop your Academic and Digital Skills Find resources to help you develop your skills here. Concerns about Studies or Progress If you have any concerns about your studies, contact your Academic Progress Review Tutor/Personal Tutor or your Student Progression Administrator (SPA). askUS Services The University offers a range of support services for students through askUS including Disability and Inclusion Service, Wellbeing and Counselling Services. Mitigating Circumstances Mitigating circumstances (e.g. illness or other personal circumstances) may have affected your ability to complete this assessment, you can find more information about the Mitigating Circumstances Procedure here. |
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In Year Retrieval Scheme
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Your assessment is not eligible for in year retrieval. If you are eligible for this scheme, you will be contacted shortly after the feedback deadline. You can find more information about this scheme in the Assessment Support module in Blackboard. |
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Reassessment
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If you fail your assessment, and are eligible for reassessment, you will be able to find the date for resubmission on your module site in Blackboard. For students with accepted personal mitigating circumstances for absence/non submission, this will be your replacement assessment attempt. If a student needs to be reassessed, you will need to repeat the same Coursework. We know that having to undergo a reassessment can be challenging however support is available. Have a look at all the sources of support outlined earlier in this brief |