Property Valuations in North East
RICS Property Valuations
Accurate and independent property valuations are essential for a wide range of financial, legal and personal reasons. At Fife & Kimmitt Surveyors, we provide RICS-compliant property valuations across Newcastle, Sunderland, Durham, Darlington, Cleveland and the wider North East. Our valuations are prompt, fully regulated and based on extensive local market insight.
Many homeowners assume that an estate agent’s figure or an online calculator gives them an accurate property value. In reality, only a RICS valuation offers a reliable, evidence-based assessment suitable for legal, financial, tax or government requirements. Whether you’re selling, transferring ownership, repaying Help to Buy, handling probate or dealing with HMRC, an official valuation is often mandatory.
Why a Professional RICS Valuation Matters
A valuation prepared by a qualified RICS surveyor provides an independent, unbiased and fully compliant report. This is crucial where accuracy is essential, such as tax calculations, divorce proceedings, equity release, shared ownership, financial assessments and legal settlements.
Estate agent valuations are usually geared toward marketing, and online valuations use broad estimates. A RICS valuation, however:
- Uses comparable sales and market evidence
- Follows strict RICS “Red Book” standards
- Is recognised by lenders, solicitors, government schemes and HMRC
- Provides documentation that can be relied upon for formal proceedings
In our view, choosing a regulated and experienced valuer ensures you receive a report that stands up to scrutiny, protects your position and meets the requirements of the body requesting it.
Types of Property Valuations We Offer
- Purchase or sale
- Capital gains tax
- Exit Help to Buy
- Right To Buy & Right To Acquire
- Inheritance tax and probate
- Matrimonial and family
- Part exchange
- Finance and equity release
- Investment
- Rental Assessment
- Insurance Reinstatement
Fife & Kimmitt Surveyors provide a full range of RICS property valuations across the North East, covering all purposes including Help to Buy redemption, probate and inheritance tax, capital gains tax, Right to Buy, matrimonial matters, investment, part-exchange and insurance reinstatement. Each valuation is carried out by a qualified RICS surveyor and can be tailored to your individual requirements.
Property Valuation FAQs – RICS, Help to Buy & Probate
What is a RICS valuation?
A RICS valuation is an independent property valuation carried out by a qualified RICS surveyor. It uses regulated methods and comparable evidence to determine an accurate market value. This type of valuation is accepted by lenders, solicitors, government schemes and HMRC.
When do I need a Help to Buy valuation?
A Help to Buy valuation is required when you repay your equity loan either in full or partially. The valuation must be completed by an independent RICS surveyor and cannot be provided by an estate agent or online tool.
What does a probate valuation involve?
A probate valuation determines the property’s market value at the date of death. It is used for inheritance tax calculations and for administering the estate. HMRC may request evidence, so accuracy and compliance with RICS standards are essential.
Do I need a valuation for Capital Gains Tax?
Yes. A Capital Gains Tax (CGT) valuation is required when selling or disposing of a property that may be subject to CGT, such as inherited homes, gifted properties, second homes or investment properties.
What is a Right to Buy valuation?
A Right to Buy valuation is an independent assessment of your property’s market value when purchasing from the local authority or housing association. It ensures the offer price is fair and properly supported by comparable evidence.
How is a RICS property valuation different from an estate agent’s valuation?
Estate agent valuations are marketing estimates. A RICS valuation follows strict, regulated standards and provides a legally recognised figure suitable for tax, lending, Help to Buy, probate, matrimonial and financial purposes.
How much does a RICS valuation cost?
Costs vary depending on the property size, location and the type of valuation required. Help to Buy and probate valuations are typically fixed-fee services. A clear quote will always be provided before booking.
How long is a Help to Buy valuation valid for?
Help to Buy valuations are usually valid for 3 months. If the redemption process takes longer, a short extension may be available.
Do you provide valuations across the North East?
Yes. We carry out RICS property valuations across the North East, including Newcastle, Sunderland, Durham, Darlington, Cleveland and surrounding areas.
Speak to a Local RICS Valuation Surveyor
Call: 0191 250 8258
Email: admin@fifeandkimmittsurveyors.com
Address: 1 Church St, Houghton le Spring DH4 4DN
Open Times: Monday to Friday: 9:00am-5:00pm