Cost guide
How much does a Valuation cost?
Understanding the cost of a RICS Red Book valuation is straightforward. You can expect to pay between £250 and £700 nationally for this detailed report. This valuation provides an accurate, impartial assessment of your property's worth, essential for lending, tax, or legal matters. It’s a comprehensive, legally recognised document prepared by an expert RICS surveyor. This report gives you peace of mind and confidence in your property's value, tailored to your specific needs.
Typical price
£250 to £700
What changes the price
Property size
Larger properties or those with more rooms often require more time to assess properly.
Property type
A unique or complex property, like a listed building, may need extra specialist attention.
Property location
Surveyors' fees can vary slightly depending on where your property is situated in the UK.
Report complexity
If your valuation requires specific details or goes beyond standard requirements, it might take more effort.
Urgency of report
Needing a quick turnaround time could sometimes mean a slightly higher charge.
Surveyor's experience
Highly experienced or specialist surveyors may charge a little more for their expertise.
Prices by region
| Region | Low | Typical | High |
|---|---|---|---|
| London | £350 | £550 | £800 |
| South East | £300 | £500 | £750 |
| South West | £280 | £450 | £700 |
| East of England | £280 | £450 | £700 |
| Midlands | £250 | £400 | £650 |
| North West | £250 | £400 | £650 |
| North East and Yorkshire | £250 | £380 | £600 |
| Scotland and Wales | £250 | £380 | £600 |
Questions people ask
What is a RICS Red Book valuation?
It's an official, independent property valuation prepared by a RICS qualified surveyor. It adheres to strict professional standards, making it suitable for legal, tax, or lending purposes.
Why do I need a RICS Red Book valuation?
You might need it for capital gains tax, probate, divorce proceedings, or securing a mortgage. It provides a credible, unbiased property value that stands up to scrutiny.
How long does a valuation take?
The surveyor's visit usually takes 1 to 2 hours, depending on your property's size and complexity. You typically receive the full report within 5 to 7 working days afterwards.
What's the difference between this and a mortgage valuation?
While both assess value, a mortgage valuation is for the lender's benefit. A RICS Red Book valuation is a more detailed, independent report for your own specific needs, offering greater depth and accuracy.
Will the surveyor inspect the property thoroughly?
Yes, the surveyor will conduct a thorough inspection of the property to determine its market value. They assess various aspects to provide an accurate, reliable valuation report.
How can CertifySpace help me find a surveyor?
CertifySpace allows you to easily compare free quotes from verified RICS surveyors in your area. This ensures you get competitive pricing from trusted professionals for your valuation needs.