Property Valuations in South London: What Determines Your Home's Worth?
Our RICS chartered surveyors explain how property valuations work, what factors affect the value of your property in South East London, and why professional RICS valuations matter for homeowners and buyers across Greenwich, Lewisham, and throughout South London.
What is a Property Valuation?
A property valuation is a professional assessment of your property's market value by qualified RICS surveyors. Our chartered surveyors provide independent valuations based on market knowledge, comparable properties, and the condition of your property throughout South London.
Factors Affecting Property Values
Our experienced surveyors consider these factors when valuing properties across South East London:
- Location: Greenwich and Lewisham postcodes, transport links, schools
- Property Type: Victorian terraces, modern flats, period properties
- Size: Number of bedrooms, floor area, garden size
- Condition: State of repair, modernization, maintenance
- Market Conditions: Supply and demand in South London
- Comparable Sales: Recent sales of similar properties nearby
- Features: Period details, parking, outdoor space
- Potential: Extension possibilities, loft conversion potential
Types of Property Valuations
Market Valuation
Current market value for sale purposes. Our chartered surveyors assess what buyers would realistically pay for your South London property.
Mortgage Valuation
Lender's assessment ensuring the property is adequate security. Note: This protects the lender, not you. Our surveyors always recommend independent building surveys for property buyers across South East London.
Insurance Valuation
Rebuild cost if your property were destroyed. Often higher than market value. Our RICS surveyors calculate accurate rebuild costs for insurance purposes throughout South London.
Probate Valuation
Value at date of death for inheritance tax. Our chartered surveyors provide HMRC-compliant valuations for properties across Greenwich and Lewisham.
How Our Surveyors Value Properties
When conducting property valuations in South East London, our experienced surveyors:
- Inspect the property thoroughly inside and out
- Measure rooms and calculate floor areas
- Assess condition and any defects
- Research comparable sales in the local area
- Consider current South London market conditions
- Apply professional judgment and experience
- Provide written valuation report with justification
Why Use RICS Chartered Surveyors?
RICS valuations from our chartered surveyors provide:
- Professional qualifications and experience
- Independence and objectivity
- Regulated by Royal Institution of Chartered Surveyors
- Professional indemnity insurance
- Accepted by courts, HMRC, and lenders
- Local South London market knowledge
Property Valuation Costs
Our surveyors' valuation fees across South East London:
- Market Valuation: £250-500 depending on property value
- Insurance Valuation: £200-400
- Probate Valuation: £300-600
- With Building Survey: Often included or discounted
Increasing Your Property Value
Our building surveyors recommend these value-adding improvements for South London properties:
- Loft conversions (adds 20% value typically)
- Kitchen and bathroom modernization
- Rear extensions creating additional space
- Garden improvements and landscaping
- Energy efficiency improvements
- Off-street parking creation
Need a Professional Valuation?
Our RICS chartered surveyors provide accurate, professional valuations throughout South London. Whether for sale, probate, insurance, or financial planning, we deliver reliable assessments. Contact us today.