RL5050 - Applied Valuation (2026/27)
| Module specification | Module approved to run in 2026/27 | ||||||||||||
| Module title | Applied Valuation | ||||||||||||
| Module level | Intermediate (05) | ||||||||||||
| Credit rating for module | 15 | ||||||||||||
| School | School of the Built Environment | ||||||||||||
| Total study hours | 150 | ||||||||||||
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| Running in 2026/27(Please note that module timeslots are subject to change) | No instances running in the year |
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 and you will examine traditional methods of valuation in more details 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 (LO£)
• 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, that 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
Talis Reading Link to be created