J Carpenter Chartered Surveyors provides independent RICS Red Book valuations, probate valuations, commercial property valuations, matrimonial and divorce valuations and Charities Act designated adviser reports throughout the New Forest and neighbouring areas of Dorset and Hampshire.
Valuations are undertaken personally by Jeremy Carpenter MRICS, Chartered Building Surveyor and RICS Registered Valuer, with experience in residential, commercial, investment and mixed-use property. Reports are prepared for solicitors, accountants, executors, trustees, companies, private clients and other professional advisers requiring clear, independent and defensible valuation advice.
Building surveying and valuation experience enables relevant defects, disrepair, abnormal construction, repair liabilities, lease terms, development potential and other value-affecting matters to be considered within the valuation where appropriate.
Discuss your valuation requirements without obligation.
RICS Red Book Valuations
An RICS Red Book valuation is a formal property valuation prepared in accordance with the RICS Valuation – Global Standards. It provides an independent and evidence-based opinion of value for a stated purpose and valuation date.
Red Book valuations may be required for probate, Inheritance Tax, Capital Gains Tax, matrimonial proceedings, partnership disputes, company accounts, pension arrangements, leasehold matters, charity property transactions and other legal, tax or professional purposes.
Each valuation is considered in relation to the property type, tenure, location, condition, marketability, occupational arrangements and available market evidence. The report identifies the valuation basis, assumptions, methodology, evidence and principal matters affecting value.
RICS Probate and Inheritance Tax Valuations
We provide formal RICS probate valuations for executors, administrators, solicitors and families dealing with estate administration and Inheritance Tax reporting.
A probate valuation normally provides an opinion of the property’s market value at the date of death. Where the valuation date is historic, available sales evidence and market conditions at that date are considered rather than present-day asking prices.
The inspection and report can take account of the property’s accommodation, condition, structural defects, repair requirements, location, tenure, development potential, marketability and comparable sales evidence.
The purpose is to provide a properly reasoned valuation capable of professional review if questions are subsequently raised.
Probate instructions may relate to houses, flats, commercial premises, mixed-use buildings, investment property, development land, leasehold interests and unusual property assets.
Commercial Property Valuations
Independent commercial property valuations are provided for offices, shops, industrial units, mixed-use buildings, investment property, development sites and specialist commercial premises throughout Hampshire, Dorset and the New Forest.
Commercial valuations may require analysis of rents, yields, lease terms, tenant covenant, vacant possession value, repair liabilities, occupational demand, development prospects and recent comparable transactions.
- Freehold and leasehold property valuations
- Commercial RICS Red Book valuations
- Investment and portfolio valuations
- Commercial probate valuations
- Company, partnership and pension-related valuations
- Development and residual appraisals
- Tax-related commercial property valuations
- Mixed-use property valuations
- Valuations of shops, offices and industrial premises
- Valuation advice involving defects or substantial disrepair
Charities Act Valuations and Designated Adviser Reports
We provide independent Charities Act valuation advice and designated adviser reports for charity trustees, solicitors and professional advisers dealing with property sales, leases, transfers and other disposals.
Advice can address the property’s value, proposed terms, marketing arrangements, condition, repair liabilities, development potential and other matters relevant to the trustees’ decision.
- Sales of charity-owned property
- Commercial and residential charity assets
- New leases and lease renewals
- Property transfers and disposals
- Advice on proposed marketing arrangements
- Assessment of whether proposed terms appear reasonable
- Development potential and overage provisions
- Independent designated adviser reports
- Strategic property advice for charity trustees
Matrimonial and Divorce Property Valuations
Independent matrimonial and divorce valuations are provided for solicitors, mediators and private clients requiring a formal opinion of value for financial settlement, divorce proceedings or the dissolution of a civil partnership.
Valuations can be prepared as RICS Red Book reports and, where required, as single joint expert or expert witness reports compliant with the relevant court rules.
Instructions may relate to the family home, second homes, buy-to-let and investment property, commercial premises and mixed-use buildings. Retrospective valuations at the date of separation or another agreed date can also be provided.
- Single joint expert valuations
- Valuations for financial settlement and consent orders
- Family home and second property valuations
- Buy-to-let and investment property valuations
- Commercial and mixed-use property valuations
- Retrospective valuations at the date of separation
- Valuations reflecting condition, defects and disrepair
- Clear, impartial reports suitable for negotiation or court
Professional Property Valuation Services
The following valuation services can be provided where appropriate to the property and purpose of the instruction:
- RICS Red Book valuations
- Probate property valuations
- Inheritance Tax valuations
- Capital Gains Tax valuations
- Commercial property valuations
- Charities Act designated adviser reports
- Matrimonial and divorce valuations
- Company and partnership valuations
- Retrospective property valuations
- HMO and investment property valuations
- Leasehold and freehold valuations
- Lease extension and enfranchisement valuations
- Shared ownership valuations
- ATED valuations
- Insurance reinstatement valuations
- Development and residual appraisals
- Expert witness valuation reports
- Valuations affected by structural defects or disrepair
The Property Valuation Process
- Initial discussion The property, valuation purpose, relevant date, ownership and reporting requirements are established.
- Terms of engagement The scope, basis of value, fee, assumptions and anticipated timescale are confirmed.
- Property inspection The accommodation, construction, condition, location and material value-affecting matters are recorded.
- Market research Relevant sales, lettings, yields, planning matters and other market evidence are investigated.
- Valuation analysis The appropriate methodology is applied and the available evidence is analysed and adjusted.
- Written report A formal report is issued setting out the valuation, methodology, assumptions and principal supporting evidence.
Property Valuation Methods
The valuation method adopted depends on the property type, interest being valued, purpose of the report and available market evidence.
Comparable method
Analysis and adjustment of relevant sales or letting evidence.
Investment method
Capitalisation of existing or maintainable rental income at an appropriate yield.
Profits method
Consideration of maintainable trading performance where property value is linked to trading potential.
Cost or summation method
Assessment of land and replacement cost less appropriate depreciation.
Residual method
Assessment of development value after construction costs, fees, finance and profit.
Areas Covered
RICS probate, commercial, matrimonial and Red Book valuations are undertaken throughout the New Forest, Hampshire and Dorset from the practice at Downton, near Lymington.
Properties outside these locations may also be considered depending on the nature and purpose of the instruction.
Regularly covered locations include Lymington, Lyndhurst, Brockenhurst, Beaulieu, Ringwood, New Milton, Milford on Sea, Barton on Sea, Highcliffe, Christchurch, Southampton, Bournemouth, Poole, Winchester, Romsey, Totton, Hythe, Fawley, Wimborne, Fordingbridge, Blandford Forum, Swanage and surrounding areas.
About the Valuer
Every valuation on this page is inspected, researched and signed by Jeremy Carpenter MRICS, Chartered Building Surveyor and RICS Registered Valuer, principal of J Carpenter Chartered Surveyors.
Membership of the Royal Institution of Chartered Surveyors and registration under the RICS Valuer Registration scheme mean that valuations are prepared to the RICS Valuation – Global Standards, are subject to RICS regulation and monitoring, and are covered by professional indemnity insurance.
Combining building surveying with valuation allows condition, defects and repair liabilities to be assessed first-hand and reflected in the opinion of value rather than assumed.
Why Choose J Carpenter Chartered Surveyors?
Independent valuation advice is provided directly by a Chartered Surveyor and RICS Registered Valuer without an estate agency sales interest.
- Independent Chartered Surveyor and RICS Registered Valuer advice
- Experience in residential, commercial and mixed-use property
- Formal RICS Red Book reports for professional purposes
- Building surveying experience covering condition and defects
- Local market knowledge across Hampshire, Dorset and the New Forest
- Clear reports for solicitors, accountants, trustees and private clients
- Direct communication with the surveyor undertaking the valuation
Case Study
Probate valuation of a structurally defective residential property in Southampton.
A detached residential property required a retrospective probate valuation. The building displayed evidence of structural movement and required further investigation and repair.
The valuation considered the nature of the movement, likely repair risk, condition of the building, effect on mortgageability, reduced purchaser demand and the difference between unaffected and defective market evidence.
Appropriate adjustments were applied to reflect the property’s condition and marketability at the relevant valuation date. The resulting report provided the executors with a reasoned opinion of market value supported by comparable evidence.
Frequently Asked Questions
What is an RICS Red Book valuation?
An RICS Red Book valuation is a formal property valuation prepared in accordance with the RICS Valuation – Global Standards. It states the valuation purpose, basis of value, valuation date and the assumptions on which the opinion of value is based.
What is an RICS probate valuation?
An RICS probate valuation is a formal property valuation prepared for Inheritance Tax and estate administration purposes, normally at the date of death.
Are RICS Red Book valuations suitable for HMRC?
RICS Red Book valuations are commonly used for probate, Inheritance Tax, Capital Gains Tax and other tax-related matters requiring a formally supported valuation.
Do you provide commercial property valuations?
Yes. Commercial valuations are provided for shops, offices, industrial buildings, mixed-use premises, investment property and development sites.
Do you provide valuations for divorce and matrimonial proceedings?
Yes. Independent matrimonial and divorce valuations are provided for financial settlement and family proceedings, including single joint expert reports where instructed.
What is a Charities Act designated adviser report?
It provides independent professional advice to charity trustees dealing with a sale, lease, transfer or other property disposal.
How quickly can a probate valuation be completed?
The anticipated timescale is confirmed when the scope of the valuation is agreed. Completion depends on the property, its complexity and the availability of suitable evidence.
Request a Property Valuation
Contact J Carpenter Chartered Surveyors to discuss an RICS Red Book valuation, probate valuation, commercial property valuation, matrimonial valuation or Charities Act designated adviser report in Hampshire, Dorset or the New Forest.
Independent valuation advice from a Chartered Surveyor and RICS Registered Valuer.
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