RICS-inspired methodology
Quick Val
Professional Property Valuation

Valuation-grade calculations in the time it takes to walk the floor

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Enter a purchase price and annual rent. Quick Val calculates your net yield after stamp duty (SDLT, LTT, or LBTT) and acquisition costs — the number that actually matters to investors.

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Valuation methods

Every RICS method, in your pocket

Quick Val applies the income approach methods set out in RICS Valuation — Global Standards (the Red Book), adapted for fast, on-site use by chartered surveyors and property investors.

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Term & Reversion

Value properties with passing rent below ERV, accounting for lease term, break options, void periods, and rent-free incentives. Applies separate term and reversion yields.

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Vacant Possession

Capitalise the ERV in perpetuity at your All Risks Yield, with purchaser's costs and capital expenditure deducted. For vacant or short-lease properties.

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All Risks Yield

Single-rate capitalisation of the passing rent — the standard investment method for rack-rented property. Reflects all risks and benefits in one yield.

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Comparative (£/sq ft)

Value by floor area using comparable evidence. Enter £/sq ft and Quick Val calculates the total capital value across all units.

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Multi-Let Properties

Up to 10 commercial and 10 residential units per property, each valued individually and aggregated into a single investment summary.

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PDF Reports

Generate and share a professional valuation report instantly. Upload your company logo for branded, client-ready output.

Changelog

What's new

Quick Val is updated to keep pace with RICS guidance. All methodology changes are noted below.

VERSION 1.2 October 2025 Latest
  • Valuations now auto-save as you work — no need to tap the save button before going back to the list. A debounced save triggers within 1.5 seconds of any change, with an immediate save when navigating away.
  • New valuations are saved to the property list as soon as the first piece of data is entered, eliminating the risk of losing work.
VERSION 1.1 October 2025 v1.1
  • Term & Reversion now defaults to renewal assumption (inside Landlord and Tenant Act 1954) — no void or rent-free deduction unless the unit is marked as contracted out of the Act.
  • New "Contracted out of 1954 Act" toggle on each unit: when enabled, void and rent-free periods are applied at reversion via PV deferral rather than as a separate cost deduction, eliminating the double-count error.
  • Over-rented units now use the RICS hardcore/layer method in All Risks Yield — ERV capitalised in perpetuity at ARY (core) plus the rent above ERV for the unexpired term at ARY + 2% (froth).
  • Purchaser's costs formula corrected to RICS convention: net = gross ÷ (1 + costs%), not gross × (1 − costs%).
VERSION 1.0 September 2025 Initial release
  • Term & Reversion, Vacant Possession, All Risks Yield, and Comparative valuation methods.
  • Multi-let support — add unlimited units per property with individual lease inputs.
  • PDF report export with full calculation workings for each method.
  • Live yield calculator and RICS glossary.
Glossary

RICS yield definitions

The yield inputs used in Quick Val follow RICS definitions from the Red Book and the RICS Valuation of Commercial Property guidance notes.

All Risks Yield (ARY)
The capitalisation rate applied to the passing rent in perpetuity. It reflects all risks and benefits associated with the investment — tenant covenant, lease length, location, and market sentiment — in a single figure. Used for rack-rented property where passing rent equals ERV.
Term Yield
The yield applied to the passing rent during the unexpired lease term in a term and reversion valuation. Typically lower than the reversion yield because the income is secured by contract, reflecting the relative certainty of the cash flow.
Reversion Yield
The yield applied to the ERV in perpetuity at reversion. Higher than the term yield to reflect the additional uncertainty of future income — void risk, re-letting costs, and market movement between the valuation date and lease expiry.
Estimated Rental Value (ERV)
The open market rent at which a property would be expected to let on the valuation date. Also referred to as Market Rent. Used as the reversion figure in term and reversion valuations and as the basis for vacant possession assessments.
Passing Rent
The contractual rent currently being paid by the tenant under the existing lease. May be above or below ERV depending on when the lease was agreed and how the market has moved. The difference gives the reversionary or over-rented position.
Gross Yield
Annual rental income expressed as a percentage of the purchase price only. A widely quoted headline figure, but does not account for acquisition costs — stamp duty, agent's fees, or legal costs — and therefore overstates the true return.
Net Yield
Annual rental income as a percentage of total acquisition cost: purchase price plus stamp duty (SDLT/LTT/LBTT) plus other costs. The figure an investor should use to compare opportunities on a like-for-like basis.
Purchaser's Costs
The total additional costs borne by the buyer on acquisition, typically expressed as a percentage of purchase price. In RICS convention, this includes stamp duty land tax, agent's fees, and legal costs. Quick Val applies SDLT/LTT/LBTT progressively by band.