KA7009 - Commercial Property Valuation

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.

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.

All modules at Northumbria include a range of reading materials that students are expected to engage with. Online reading lists (provided after enrolment) give you access to your reading material for your modules. The Library works in partnership with your module tutors to ensure you have access to the material that you need.

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.

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.

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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.