Assessment Information

How to submit

The assignment must be submitted electronically, as a single Word file, through Turnitin®. You are advised to submit a DRAFT copy prior to uploading your FINAL submission to check for similarity. Further information and support for students using Turnitin® can be found here:

https://www.salford.ac.uk/library/help/blackboard-and-collaborate

Assessment task details and instructions

You have been instructed by ABC Investments to advise on the market value of a 20,000 sq/ft industrial unit located in Trafford Park. You will need to provide a valuation report compliant with the RICS Valuation – Global Standards 2020 (Red Book) as they would like to purchase the unit as part of a property portfolio. Your client has instructed you to provide two valuations, one using the conventional method of investment valuation and one using the contemporary short-cut DCF method.

You should ensure that you address all headings in VPS 3 of the Red Book, you should also include a full list of comparable evidence used and justify any adjustments you have made.

Further Notes

Present your work professionally and in the required format.

Provide an overview of the adjustments relating to each piece of comparable evidence

All the sources that you rely on for the statements made in your brief should be acknowledged. Statements of the law should be supported by references from textbooks, journals and articles). References to pages within textbooks and articles may be used to support the opinions of authors where you use these in support of your arguments.

Referencing should follow the University of Salford’s published guidance for the citation of legal sources. You must use Harvard APA for this assignment.

Assessed intended learning outcomes

On successful completion of this assessment, you will be able to:

Knowledge and Understanding

Upon successful completion of the module, you will be able to:

1. Identify and explain the main factors causing change in values in different market sectors.

2. Apply conventional valuation methods to value freehold property interests for different purposes.

3. Apply conventional methods to value leasehold interests

4. Examine the RICS Valuation – Global Standards and understand when and how to use them

Practical, Professional or Subject Specific Skills

On completion you will have had the opportunity to/will be able to:

5. Carry out in-depth conventional valuations.

6. Demonstrate ability in key skills to conduct property valuation.

7. Recognise the limitations of valuation techniques and evaluate their effectiveness in a wide range of circumstances.

Transferable Skills and other attributes (maximum of 5)

On completion you will have developed:

8. The ability to analyse information in a variety of ways.

9. The ability to arrive at logical conclusions based on the evidence available.

Module Aims

1. To develop the understanding application of the 5 conventional valuation methods: comparable, investment, residual, profits and cost.

2. To understand and competently use Parry’s Investment Tables within a variety of valuations.

3. To provide advice to clients based on the various methods of valuation studied

4. To competently undertake leasehold valuations

5. To competently undertake surrender and renewal calculations

Word count/ duration (if applicable)

Your brief should be no longer than 3,000 words in length (+/- 10%).

Any words in excess of these amounts will not be penalised but will not be considered for marking.

The title page, “In-text references” and the reference list/bibliography are excluded from the word count.

You must clearly state the word counts used in your assessment at the end of the reference list/bibliography.

Feedback arrangements

Formative feedback is available throughout the module – formative feedback is helpful to enable you to develop your academic writing and presentation skills. Please note that you must email your tutor to arrange an individual appointment.

You can expect to receive feedback on your final submitted assessment within three weeks (21 days) of the assessment due date (holiday periods excluded) - Friday 30th April 2021

Feedback will be in a written format, identifying marks awarded against each of the areas identified in the assessment. The feedback will be posted via Blackboard.

Support arrangements

You can obtain support for this assessment ….

Via the Frequently Asked Question section on Blackboard

By email (k.i.rowan@salford.ac.uk) Emails will be answered within 2 working days.

Scheduled tutorials - these must be booked and agreed in advance with your tutor by email.

askUS

The University offers a range of support services for students through askUS.

Good Academic Conduct and Academic Misconduct

Students are expected to learn and demonstrate skills associated with good academic conduct (academic integrity). Good academic conduct includes the use of clear and correct referencing of source materials. Here is a link to where you can find out more about the skills which students require https://www.salford.ac.uk/skills-for-learning.

Academic Misconduct is an action which may give you an unfair advantage in your academic work. This includes plagiarism, asking someone else to write your assessment for you or taking notes into an exam. The University takes all forms of academic misconduct seriously. You can find out how to avoid academic misconduct here https://www.salford.ac.uk/skills-for-learning.

Assessment Information

If you have any questions about assessment rules, you can find out more here.

Personal Mitigating Circumstances

If personal mitigating circumstances may have affected your ability to complete this assessment, you can find more information about personal mitigating circumstances procedure here.

Personal Tutor/Student Progression Administrator

If you have any concerns about your studies, contact your Personal Tutor or your Student Progression Administrator.

Assessment Criteria

The assignment will be assessed strictly in accordance with the following criteria

Assessment Criteria

At Level 5 the following marking scale shall be used:

In Year Retrieval Scheme

Your assessment is not eligible for in year retrieval.

Reassessment

If you fail your assessment, and are eligible for reassessment, you will need to resubmit on or before 4pm, Friday 30th July 2021 (to be confirmed). You will be asked to resubmit the same piece of work unless advised otherwise. For students with accepted personal mitigating circumstances, this will be your replacement assessment attempt.

Valuation Grading

90-100 OUTSTANDING

Outstanding clarity of writing style in the appropriate format (third person) and referencing written as an exemplary brief. The organisation, structure and standard of presentation of the work, including punctuation, grammar, syntax and structure are outstanding throughout

Outstanding development of coherent arguments underpinned by appropriate evidence/authority.

Outstanding depth of understanding of relevant concepts and ability to apply concepts to the given scenarios, accurate in all instances with excellent assumptions made enabling development of in-depth evaluation

Outstanding capacity for original and critical thought, including professional and commercial awareness

80-89 EXCELLENT

Excellent clarity of writing style in the appropriate format (third person) and referencing written as an exemplary brief. The organisation, structure and standard of presentation of the work, including punctuation, grammar, syntax and structure is excellent throughout

Excellent development of coherent arguments underpinned by appropriate evidence/authority. Excellent depth of understanding of relevant concepts and ability to apply concepts to the given scenarios, accurate in all instances with excellent assumptions made enabling development of in-depth evaluation. Excellent capacity for original and critical thought, including professional and commercial awareness

70-79 VERY GOOD

Very good clarity of writing style in the appropriate format (third person) and referencing written as an exemplary brief. The organisation, structure and standard of presentation of the work, including punctuation, grammar, syntax and structure is very good throughout

Very good development of coherent arguments underpinned by appropriate evidence/authority. Very good depth of understanding of relevant concepts and ability to apply concepts to the given scenarios, accurate in most instances with very good assumptions made enabling development of appropriate evaluation. Very good capacity for original and critical thought, including professional and commercial awareness

60-69 GOOD

Good clarity of writing style in the appropriate format (third person) and referencing written as valid brief. The organisation, structure and standard of presentation of the work, including punctuation, grammar, syntax and structure is good throughout

Good development of coherent arguments underpinned by appropriate evidence/authority Good depth of understanding of relevant concepts and ability to apply concepts to the given scenarios, accurate with good levels of consistency with good assumptions made enabling development of appropriate evaluation. Good capacity for original and critical thought, including professional and commercial awareness

50-59 FAIR

Fair clarity of writing style in the appropriate format (third person) and referencing written as a valid brief. The organisation, structure and standard of presentation of the work, including punctuation, grammar, syntax and structure is fair throughout

Fair development of coherent arguments underpinned by appropriate evidence/authority.

Fair depth of understanding of relevant concepts and ability to apply concepts to the given scenarios, accurate in some instances with fair assumptions made enabling development of some evaluation. Fair capacity for original and critical thought, including professional and commercial awareness

40-49 ADEQUATE

Adequate clarity of writing style in the appropriate format (third person) and referencing written as valid brief. The organisation, structure and standard of presentation of the work, including punctuation, grammar, syntax and structure is adequate throughout

Adequate development of arguments underpinned by some appropriate evidence/authority Adequate depth of understanding of relevant concepts and ability to apply concepts to the given scenarios, accurate in some instances with some assumptions made enabling development of evaluation Adequate capacity for original and critical thought, including professional and commercial awareness

30-39 UNSATISFACTORY

Unsatisfactory clarity of writing style in the appropriate format (third person) and referencing with little evidence of a brief style. The organisation, structure and standard of presentation of the work, including punctuation, grammar, syntax and structure are unsatisfactory throughout

Unsatisfactory development of arguments lacking appropriate evidence/authority. Unsatisfactory depth of understanding of relevant concepts and which fails to apply legal concepts to the given scenarios, mostly inaccurate, few assumptions made with minimal evidence appropriate of evaluation. Unsatisfactory capacity for original and critical thought, minimal professional and commercial awareness.

20-29 POOR

Poor clarity of writing style, inappropriate format utilised, lacking coherent referencing. The organisation, structure and standard of presentation of the work, including punctuation, grammar, syntax and structure are poor throughout

Poor development of coherent arguments with weak, inaccurate evidence/authority Poor depth of understanding of relevant concepts and ability to apply concepts to the given scenarios, with misleading assumptions which fail to develop appropriate evaluation. Poor capacity for original and critical thought, minimal professional and commercial awareness.

10-19 VERY POOR

Very poor clarity of writing style and presentation of information in the appropriate format. The organisation, structure and standard of presentation of the work, including punctuation, grammar, syntax and structure is very poor throughout

Very poor development of coherent arguments.

Very poor depth of understanding of relevant concepts and minimal application of concepts to the given scenarios, no assumptions and lack of any in-depth evaluation Very poor capacity for original and critical thought, including no professional and commercial awareness

0-9 EXTREMELY POOR

Extremely poor clarity of writing style in the appropriate format (third person) and referencing . The organisation, structure and standard of presentation of the work, including punctuation, grammar, syntax and structure is extremely poor throughout

Extremely poor development of coherent arguments. No use of appropriate evidence/authority

Extremely poor depth of understanding of relevant concepts, no application of concepts evident, no assumptions or subsequent development of any evaluation

Extremely poor capacity for original and critical thought, no professional and commercial awareness

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