London Market Valuations
A market valuation provides an up-to-date, professional opinion of what a property is worth on the open market at a specific point in time.
At Barnes & Barnes, market valuations are carried out by experienced RICS Chartered Surveyors, giving you an independent, well-evidenced figure you can rely on.
What is a market valuation?
A market valuation is based on a physical inspection of the property, combined with detailed research into comparable sales and local market conditions.
The valuation considers:
- The condition and size of the property
- Layout and overall suitability
- Location and local demand
- Factors such as school catchment areas, transport links and amenities
- Any known or proposed alterations
It provides a clear view of current market value, not just what the property might achieve in ideal circumstances.
Market valuations are often commissioned alongside a Building Survey or Homebuyer Report, but can also be provided as a standalone service.
Market Valuation vs Mortgage Valuation
A mortgage valuation is carried out for the lender, not for you. Its purpose is to confirm the property provides sufficient security for the loan, not to advise on condition, future risks or true market position.
A market valuation:
Is commissioned by you
Reflects the property’s value in the current market
Is explained clearly, with supporting rationale
Can be tailored to your specific circumstances
Many buyers choose a market valuation alongside a survey to gain a fuller understanding of both condition and value.
Market Valuation vs Retrospective Valuation
A market valuation reflects value at today’s date.
A retrospective valuation provides an opinion of value at a specific point in the past, often required for probate, tax or legal purposes.
The key difference is timing, not methodology. Both are carried out using professional standards and market evidence relevant to the valuation date.
If you are unsure which valuation you need, we are happy to advise.
Why use a Chartered Surveyor?
Using a RICS Chartered Surveyor means:
The valuation follows recognised professional standards
The advice is independent and impartial
The figure is evidence based and defensible
The report is suitable for formal and professional use where required
This is particularly important where valuations may be relied upon by solicitors, accountants or other advisers
Do I need a Market Valuation with a Survey?
A Building Survey or Homebuyer Report focuses on condition and risks. A market valuation focuses on value.
Together, they provide a more complete picture:
The survey identifies defects, repairs and future costs
The valuation helps you understand whether the price reflects those factors
This combined approach supports better decision-making and reduces the chance of unwelcome surprises later.
