Right to Buy Valuations - Southampton
Bartley West Chartered Surveyors offer the Right to Buy Valuation and Right to Acquire Valuation across the South of England.
Right to Buy / Right to Acquire
Overview
Our Right To Buy and Right To Acquire Valuations are usually provided on behalf of the Local Authority (Council) or Housing Association.
We are trusted Chartered Surveyors for multiple authorities to report in this matter.
If you are a tenant seeking a Valuation for this purpose; we would need to undertake a conflict of interest check and assuming we are not employed by the authority within the transaction, we can provide an independent report for you to check the value. This can also be used for submission to the district valuer in the event of challenging the figure reported.
- RICS registered valuers
- Trusted by multiple local authorities
- We work for Local Authorities, Housing Associations and Tenants
Let's work together
Why Bartley West?
Bartley West Limited has been a specialist Survey & Valuation firm across the South of England since 2012, All valuations are undertaken only by a fully qualified MRICS RICS Registered Valuer with the knowledge and expertise needed to undertake the work for you. We provide our advice to you in a way that is clear, easy to understand, compliant with requirements and delivered within your required timescales.
- Regulated by RICS
- Our surveyors share a wealth of experience and local knowledge
- Specialists in valuation & surveys since 2012
Right to buy valuation
Right to Buy valuations are undertaken for Councils, Housing Associations and their tenants. When a tenant applies for Right to Buy (or Right to Acquire) the landlord will send an offer letter, usually based on an RICS Registered Valuer’s opinion of value. We can provide this valuation report following a valuation survey.
At times, tenants may dispute the offer figure that the freeholder has provided. In that instance, our report can be used within that challenge and you can use this as evidence if you appeal to the District Valuer.
FAQ
Most frequent questions and answers
Normally it is the freeholder that instructs us to undertake a valuation survey at the application date of when the tenant has applied for the Right to Buy or Right to Acquire in some instances.
The surveyor will inspect the property, look at its key components and measure room sizes. They will consider the position of the property, its outlook, local environment and external features. The general condition of the property will be considered but this is not a detailed condition survey so assumptions will be made for the purpose of the valuation report based on what is clearly apparent at the day of the visit. If you want to know more about the building condition of the property before you purchase, then a Level 2 or Level 3 survey should be commissioned; a valuation survey will not provide you sufficient information for full defect analysis or maintenance needs.
Our RICS Registered Valuers who work for Local Authorities and Housing Associations are based across the South of England. We work across the following local authorities: Hampshire, Southampton, Portsmouth, Reading, Slough, West Berkshire, West Sussex, Windsor and Maidenhead, Wokingham, Bracknell Forest, Buckinghamshire, Bournemouth, Christchurch and Poole, Dorset, Wiltshire.
Market Value is defined as: ‘The estimated amount for which an asset or liability should exchange on the valuation date between a willing buyer and a willing seller in an arm’s length transaction, after proper marketing and where the parties had each acted knowledgably, prudently and without compulsion.’
The basis of valuation set out in S.127 (1) of the Housing Act 1985 ‘The Act’ is
‘The value of a dwelling house at the relevant time shall be taken to be the price which at that time it would realise if sold on the open market by a willing vendor –
(a) on the assumptions stated for a conveyance in subsection (2) and for a grant in subsection (3) and
(b) disregarding any improvements made by any of the persons specified in subsection (4) and any failure of those persons to keep the dwelling house in good internal repair
(c) on the assumption that any service charges or improvement contributions payable will not be less than the amount to be expected in accordance with the estimates contained in the landlord’s notice under section 125.’
Under subsection 2 the assumptions for a conveyance are that:
(a) the vendor was selling for an estate in fee simple with vacant possession;
(b) neither the tenant nor a member of his family residing with him wanted to buy; and
(c) the dwelling house was to be conveyed with the same rights and subject to the same burdens as it would be under the Act
The surveyor will seek comparative evidence and we will outline at least three examples of these within the report. The valuer will appraise comparables and make adjustment for the different features of those compared to the subject property to formulate a reasoning base for the valuation adopted.
Useful documents
Sample Valuation Report
Customer Information Pack
Get your Right to Buy Valuation quote
If you need a Right to Buy or Right to Acquire valuation, do get in touch whether by phone, email or via our online forms. Whilst we offer online services with instant quotes for speed and efficiency, our friendly team are on the other end of the phone or email if you have queries or want to talk the process through.
