This will provide you with an understanding of the current market value for the unit / premises. The report will incorporate detailing the principal value of the property and evidence behind the figure.
This is a re-assessment of rent, often by reference to the market rent for comparable properties equivalent to a new lease of the property on the review date by a willing landlord to willing tenant for the actual property and terms of the existing lease, but subject to various assumptions and disregards.
This survey is a highly detailed survey and report into the current condition of a building, from the physical structure and systems to issues involving furnishings and general wear and tear. These are generally undertaken during a Lease Term or towards the end of a tenancy.
A freehold reversion is where there is a leasehold agreement that expires and the ownership of the flat or house that was previously owned by the leaseholder reverts back to the ownership of the freeholder again.
This is necessary to extend the lease on your property. It is used to calculate the amount payable to your freeholder for extending the terms of your current lease. This will give you a robust estimate of how much this premium will be and is usually presented as a range
A SIPP Valuation is a professional assessment of a property held within a Self-Invested Personal Pension (SIPP). It provides an accurate market value to ensure your pension assets are correctly reported and compliant with HMRC requirements. These valuations are often needed for annual reviews, pension transfers, or when buying or selling property within the SIPP. The process considers factors such as location, condition, lease terms, and market trends. Ultimately, a SIPP Valuation gives you confidence that your pension property investment is accurately valued and well-managed.
