Residential Property Valuation

Benefits of Residential Property Valuation

Accurate valuations help buyers or sellers to choose the right property at the right value

Avoids loss-inducing properties and overpriced assets

For financial lending to know the market value of an asset

Residential valuation depends mostly on location, physical, socioeconomic characteristics, urban development, and infrastructure that influence the value. Whether it is a villa, apartment, or residential compound the value is an essential factor for the purchaser or seller, the valuer analyses the factors that affect the value such as neighbourhood, location, size, etc to determine the value.

Ideally, when considering the valuation of a property you need to compare like property with another similar property. This is not always possible, and adjustments have to be made.

Residential Valuation usually is for

Villas and Townhouses


Residential compounds

Off-plan and under-construction properties

Residential development land


This simplest method considers the recent sales data for comparable properties by seeking recently sold similar properties from the same market area. The value of a single property can be derived by comparing it to the prices achieved from similar property transactions on recent dates.

A buyer hopes to ascertain a market value for the property in question. Comparison analysis includes price per square foot or price per unit, comparing units with similar characteristics. Using real market data, which gives the practical realities.

Sales comparison approach (Market approach) relies on

Information: The availability of similar properties.

Transactions: Comparable method works best in an active market with a high volume of transactions. That is why we use automated valuation models (AVMs) which work well in active market making analysis statistically valid.

Stability: Comparable method is more reliable where the property market is relatively stable.

Factors that might affect the value

Amenities And Services

Planning And Building Regulations

Construction And Age


Fixtures And fittings

General Appearance

Location And Style

Nature Of Accommodation

Number Of Bedrooms

Number Of Garages

Planning And Building Regulations


Property Size

Psychological Needs

Repair And Improvements Condition


Selling Price

Site Conditions