Module catalogue: RL5050

RL5050 - Applied Valuation (2025/26)

Module specification

Module approved to run in 2025/26

Module title

Applied Valuation

Module level

Intermediate (05)

Credit rating for module

School

School of the Built Environment

Total study hours

150

30 hours	Assessment Preparation / Delivery
84 hours	Guided independent study
36 hours	Scheduled learning & teaching activities

Assessment components

Type	Weighting	Qualifying mark	Description
Coursework	50%		Valuation report - 1000 words
In-Course Test	50%		In class test

Running in 2025/26

(Please note that module timeslots are subject to change)

Period	Campus	Day	Time	Module Leader
Autumn semester	North	Thursday	Morning

Module summary

Valuation is an essential skill for Commercial Real Estate professionals. This module builds upon your learning from Level 4 and develops your skills further as you will examine traditional methods of valuation in more detail together with contemporary models such as discounted cashflow. You will examine some of the characteristics and risks to be considered in valuation and their applicability depending on the nature of the valuation. You will consolidate your learning of the importance of market data and how your valuation must be grounded in market evidence. Throughout the module you will understand the importance of following professional standards together with ethical behaviour.

Syllabus

The syllabus will cover the following key topics:
• Recap on the time value of money, yields, and valuation formulae
• Valuation of freehold and leasehold interests (LO1)
• Comparable valuations (LO1, LO2)
• Investment and valuation (LO1, LO2)
• Development and valuation (LO1, LO2)
• Valuing income producing properties (LO1)
• Introduction to depreciated replacement cost valuation (LO1)
• Data collection and sources of market data (LO2)
• Structuring and writing valuation reports (LO3)
• RICS Global Standards (LO3)
• Valuation risks (LO4)
• Sustainability and valuations (LO4)

Balance of independent study and scheduled teaching activity

Lectures will help develop your knowledge and understanding gained from the Level 4 valuation module. Seminars, workshops, and other activities will allow you to apply your learning to a range of situations, helped by peer and tutor support.

Your study will be supported via lectures seminars, workshops, and guided asynchronous activities. Where appropriate, activities will be captured and made available to allow asynchronous access. The value of this blended approach is that you will be able to continue to explore topics beyond the classroom and interact with your cohort to expand on discussions and debates. In addition, you will receive formative feedback from exercises that do not get formally marked.

You will be asked to do independent and guided reading and research to support your learning, this will help you build a wider knowledge and develop your professional approach to valuations.

Learning outcomes

Upon completion of the module, the learner, operating independently and applying their knowledge and skills, should be able to:

1. apply the appropriate methods of commercial valuation practice to a variety of circumstances
2. demonstrate proficiency in data collection, its validation, interpretation, and use, for the purposes of real estate valuation
3. relate the work of a Real Estate Valuer to the relevant professional standards and legislation and demonstrate application of these to problems set
4. appreciate the various factors which influence valuations, including social value and the environment

Bibliography

There is no single text currently in publication that provides a comprehensive coverage of all aspects of this module. There are several books, publications and online resources which cover various parts of the module in some detail, and these are included in the core text list.