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What will I learn on this module?
You will learn about the valuation of commercial property and develop a systematic understanding of the valuation process so that you are able to evaluate the valuation methods available and use them in complex situations, undertake valuations for commercial property for a variety of purposes and critically appraise their outcomes in accordance with latest academic and practice based research.
Within Commercial Property Valuation you will study a range of topics including:-
• The valuation process and the role of a valuer
• Analysis of market data and its application to valuation
• Valuation methodology and applying to different scenarios
• Secured lending valuation
• RICS reporting and advising clients
• Asset valuation
• Statutory valuation
• Modern methods of valuation and appraisal
• Using IT software for Real Estate appraisal
Throughout this module you will develop academic and professional skills relating to the use and analysis of data, understand real estate markets and the impact on appraisal, effective communication and be able to advice clients/stakeholders in accordance with RICS governance.
How will I learn on this module?
The module is delivered through a combination of interactive lectures and seminars. In lectures you will receive material which is core to the syllabus whilst in seminars you will have the opportunity to explore this material and issues in greater depth through worked examples and discussion upon which you will receive formative feedback.
All material will be available to you through eLearning Portal (eLP). You will also be provided with extra support for assessment through the use of discussion board on eLearning Portal.
You will also be given the opportunity to learn about IT software and valuation packages which are used widely in Real Estate practice.
How will I be supported academically on this module?
Support will include formative feedback from the tutor during interactive lectures and seminars. In addition, the module tutor will respond to any questions posed on discussion board on eLearning Portal in relation to courseworks in order that the whole group can benefit.
What will I be expected to read on this module?
All modules at Northumbria include a range of reading materials that students are expected to engage with. The reading list for this module can be found at: http://readinglists.northumbria.ac.uk
(Reading List service online guide for academic staff this containing contact details for the Reading List team – http://library.northumbria.ac.uk/readinglists)
What will I be expected to achieve?
Knowledge & Understanding:
• MLO1: Critically analyse data and reflect relevant market determinants in order to make sound judgements on value.
• MLO2: Select, evaluate and apply appropriate valuation methods to a range of property scenarios
• MLO3: Analysis of valuation outcomes, the devising of solutions and interpretation of findings.
Intellectual / Professional skills & abilities:
• MLO4: Reflect on and communicate professionally.
Personal Values Attributes (Global / Cultural awareness, Ethics, Curiosity) (PVA):
• MLO5: Demonstrate the capacity for independent, evidence based thinking and decision making.
How will I be assessed?
Formative assessment: will be an integrative part of the lectures, seminars and directed work. You will be expected to participate in group discussions and carry out directed tasks upon which you will receive formative feedback.
Summative assessment: this module is assessed by two courseworks.
The first coursework, worth 30% of the module, will be a presentation . The first will assess your ability to undertake a rental valuation based on market information. . The second coursework will be a RICS Valuation -Professional Standards (Red Book) valuation. The students will be provided with a scenario and report template. This coursework is worth 70% of the module and assess MLO1, MLO2, MLO4, MLO5.
Pre-requisite(s)
None
Co-requisite(s)
None
Module abstract
This module aims to develop your understanding of Commercial Property Valuation and how it is important in both the built environment profession and the business world. Topics explored include valuation methodologies; reporting and advising clients in accordance with RICS guidance, loan security, statutory and asset valuation; modern methods of valuation and using IT software in valuation practice. Learning is through interactive lectures and seminars in which you will explore the theories and issues through worked examples and discussion, you will be provided with formative feedback throughout the sessions in order that you are able to test your knowledge and understanding as the module progresses. Assessment is through a two courseworks both are supported through workshops and access to discussion board where any queries are answered by the module tutor. Your engagement with the module and its assessment will assist in the development of the knowledge, skills and attributes that are valued by employers.
Course info
Credits 20
Level of Study Postgraduate
Mode of Study 1 year full-time
2 other options available
Department Architecture and Built Environment
Location City Campus, Northumbria University
City Newcastle
Start September 2022
Our Campus based courses starting in 2022 and 2023 will be delivered on-campus with supporting online learning content. We continue to monitor government and local authority guidance in relation to Covid-19 and we are ready and able to adjust the delivery of our education accordingly to ensure the health and safety of our students and staff.
On-campus contact time is subject to increase or decrease in line with any additional restrictions, which may be imposed by the Government or the University in the interest of maintaining the health and safety and wellbeing of students, staff, and visitors. This could potentially mean increased or fully online delivery, should such restrictions on in-person contact time be required.
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We continuously review and improve course content in consultation with our students and employers. To make sure we can inform you of any changes to your course register for updates on the course page.
Your Learning Experience find out about our distinctive approach at
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