Valuations
RICS Red Book Valuation
A RICS Red Book valuation provides an independent, professionally recognised assessment of a property’s market value, prepared in accordance with RICS Global Standards and accepted by lenders, solicitors, courts and HMRC.
If you need a valuation for legal, tax or financial purposes, a Red Book valuation ensures the figure is objective, defensible and produced by a RICS-registered surveyor acting independently.
A valuation can be added to any Level 2 or 3 survey for an additional fee.
When Is a RICS Red Book Valuation Required?
A Red Book valuation is commonly required for:
- Help to Buy loan redemption
- Shared ownership staircasing
- Probate and inheritance tax
- Capital Gains Tax
- Matrimonial or legal matters
- Private sale or portfolio valuation
- Financial reporting or asset review
In such situations, estate agent appraisals are insufficient. A Red Book valuation provides a formal, evidence-based assessment that is recognised by all relevant professional and regulatory bodies.
What Is a RICS Red Book Valuation?
The “Red Book” is the common name for the RICS Global Valuation Standards, which outline how valuations must be prepared, reported, and evidenced.
A Red Book valuation:
- is carried out by a RICS-registered valuer
- follows strict independence and objectivity requirements
- uses verified comparable evidence
- includes professional liability and accountability
- is suitable for legal, tax and financial use
This ensures the valuation can be relied upon where accuracy and professional compliance matter.
How Sage Surveyors Carry Out Property Valuations
Our valuations are based on a detailed inspection of the property and a careful analysis of relevant market evidence.
The process typically includes:
- inspection of the property’s condition, layout and construction
- assessment of location, tenure and any relevant constraints
- analysis of comparable market transactions
- preparation of a formal Red Book–compliant valuation report
Each valuation is tailored to its purpose, ensuring the report meets the specific requirements of the lender, solicitor, court or scheme involved.
Valuations Combined With Home Surveys (Optional)
In some cases, a RICS Red Book valuation can be combined with a home survey.
This may be appropriate where:
- you are purchasing a property and require both condition advice and a valuation
- includes professional liability and accountability
- your lender or scheme requires a valuation alongside a survey
A valuation can be added to:
Where appropriate, we can advise whether combining services is suitable for your situation.
RICS Valuation FAQs
Yes. A RICS Red Book valuation is typically required when redeeming a Help to Buy loan.
Yes. Red Book valuations are commonly used for probate and inheritance tax purposes.
No. Estate agent valuations are informal marketing appraisals. Red Book valuations are independent, regulated and professionally accountable.
Validity depends on purpose and market conditions. Your surveyor can advise based on your specific use case.
Request a Property Valuation
If you require a RICS Red Book valuation or would like advice on whether a valuation is needed for your circumstances, we’re happy to help.