Business & Economics Books:

Property Valuation

Sorry, this product is not currently available to order

Here are some other products you might consider...

Property Valuation

The Five Methods



Customer rating

Click to share your rating 0 ratings (0.0/5.0 average) Thanks for your vote!

Share this product

Property Valuation: The Five Methods by Douglas Scarrett
Sorry, this product is not currently available to order


This is an introductory, first year text on property valuation with a clear, well-defined structure based around the five valuation methods. Each approach is identified and the author discusses the appropriateness of the methods to different situations. The strengths and weaknesses of each method are highlighted and the ways in which each approach has been received and criticised are considered. The author introduces some of the more recent thinking in relation to valuation and alternatives are discussed and demonstrated using practical examples. The intention throughout is to encourage a better understanding of valuation by bridging the gap between theory and practice while at the same time introducing the practitioner and student to recent developments.

Table of Contents

Preface. Part One: The background to valuation. Setting the scene. The general investment market: types of investment; yield and risk. The property market: property as an investment; the perfect investment; valuations for other purposes. Part Two: The comparative method. The market. Approach to comparison: determinants of value; expiry of lease; assessment of rental value; rental evidence; restrictions on use; lease terms; the tenant's "covenant"; anchor tenants; the yield; analysis; evidence. Part Three: The investment method. The determinants of value: Introduction; outgoings; yield; rent and rental value; the lease terms; service charges; the building; the tenant's "covenant"; business tenancies; residential tenancies; the planning framework; The valuation process: conventional valuation approach; rack rented investments; initial and annual costs; the two-income model; long terms at fixed rents; application to term income; leasehold interests; contemporary approaches. Relevant issues: introduction; rents payable at intervals of less that 1 year; equivalent yield calculations; inflation; inflation and valuation; non-standard review patterns; implied rental growth; accuracy in valuation; depreciation and obsolescence; performance; modern aids and approaches. Part Four: The residual method. The problem: introduction; the basic approach. The process: value on completion; development costs; professional fees; building contract; other costs; short-term finance; advertising and marketing; fees and costs; developer's profit and risk; land value. Part Five: The profits method. The profits principle: retail outlets; other commercial users; the use of trading accounts; potential; special features; business accounts. Application of the profits approach. Part Six: The contractor's method. Evolution and principles: lack of merkte evidence; valuations for other purposes; scope for differences; judicial guidance; decapitalization rates; costings. Application of the contractor's method: annual rental value; decapitalization rates. Appendices. Index.
Release date NZ
August 15th, 1991
Country of Publication
United Kingdom
Spon Press
Product ID

Customer reviews

Nobody has reviewed this product yet. You could be the first!

Write a Review

Marketplace listings

There are no Marketplace listings available for this product currently.
Already own it? Create a free listing and pay just 9% commission when it sells!

Sell Yours Here

Help & options

  • If you think we've made a mistake or omitted details, please send us your feedback. Send Feedback
  • If you have a question or problem with this product, visit our Help section. Get Help
Filed under...

Buy this and earn 811 Banana Points