What is a Red Book valuation? It is a formal property valuation carried out by an RICS Registered Valuer under the RICS Valuation – Global Standards, known as the “Red Book” after the colour of its cover. Unlike an estate agent’s appraisal, it is an independent, regulated, evidence-based opinion of value that courts, HMRC, lenders and tribunals will accept.
What makes a RICS valuation different?
A Red Book valuation must follow strict rules on inspection, evidence, assumptions and reporting, and the valuer carries professional liability for the figure. An agent’s free “valuation” is a marketing estimate designed to win an instruction; a RICS valuation is a defensible professional judgment. That distinction matters the moment money, tax or litigation is involved.
When do you need one?
The common triggers are probate and inheritance tax, divorce and matrimonial settlements, Help to Buy redemption, lease extensions, shared ownership staircasing, capital gains tax, company accounts, and disputes. For example, HMRC expects a probate valuation to Red Book standard, and our Red Book valuation service covers all of these purposes with a formal written report.
How much is a RICS valuation?
Most residential Red Book valuations cost £250–£500 depending on property value, location and purpose; complex or high-value instructions cost more. Our RICS valuation cost guide sets out typical 2026 fees in detail.
What does the report contain?
The valuation figure, the basis of value used (usually Market Value), the evidence and comparables relied on, assumptions made, and the valuer’s credentials — typically delivered within 3–5 working days of inspection.
Get a fixed quote today
Kingston Surveyors arranges RICS surveys and valuations across London and the surrounding counties, with clear fixed fees agreed before you book. Call 0204 579 8270 for a same-day quote, or send us the property details and we will organise the right surveyor for the job.
