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.
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.