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 - 1200 words
Coursework	50%		Valuation report - 1200 words

Running in 2025/26

(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 build upon your learning from the corresponding module at level 4 and develops students’ skills further in valuing commercial property, examining traditional and contemporary methods of valuation over a range of contexts. The module focuses on the standard methods of valuation and the appropriate situations for their use, together with introducing innovations in valuation methods in preparation for the Advanced Valuation module at level 6. You will examine some of the characteristics and risks to be considered in a valuation and the applicability of these depending on the nature of the valuation. You will learn the importance of market data in valuations and the sources of this data and how to validate and interpret it. Throughout the module there is an emphasis on the importance of following professional standards in this area of work and of ethical behaviour. You will be presented with authentic scenarios and examples to help with your understanding.

Syllabus

• 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, and seminars, workshops and other activities will allow you to apply your learning to a range of situations, helped by peer and tutor support.

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.

You will receive formative feedback at regular intervals. Formative means that the feedback will not go towards your final mark for the module, but you will be able to use the feedback to learn, improve your knowledge of key topics and to develop your academic writing skills. Students will be given the opportunity to self-assess their learning in small group sessions and discussions.

You will be asked to do independent and guided reading and research to support your learning, this will help you to build a wider knowledge of economic theory and how it relates to the built environment and how it will affect you as a real estate professional.

Learning outcomes

On 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.