Core Module Information
Module title: Property Valuation 1

SCQF level: 08:
SCQF credit value: 20.00
ECTS credit value: 10

Module code: BSV08116
Module leader: Temidayo Osunsanmi
School School of Engineering and the Built Environment
Subject area group: Built Environment
Prerequisites

N/A

Description of module content:

The module will introduce the principal methods of property valuation in residential and commercial property markets and demonstrate the application of these methods in a range of contexts. You will explore the mathematical basis of the 5 methods of valuation and learn how to analyse property market information and to adjust and use rental and yield information in the undertaking valuations. You will gain a critical understanding of the limitations of these methods of valuation

Learning Outcomes for module:

On completion of this module you will be able to:
LO1: analyse and use rental and property yield information;
LO2: apply conventional freehold investment and comparison valuation methods;
LO3: understand and apply the contractors, residual and profit methods of valuation;
LO4: critically evaluate the 5 methods of valuation

Full Details of Teaching and Assessment
2022/3, Trimester 1, FACE-TO-FACE, Edinburgh Napier University
VIEW FULL DETAILS
Occurrence: 001
Primary mode of delivery: FACE-TO-FACE
Location of delivery: MERCHISTON
Partner: Edinburgh Napier University
Member of staff responsible for delivering module: Temidayo Osunsanmi
Module Organiser:


Learning, Teaching and Assessment (LTA) Approach:
The module is taught thematically with each lecture providing an opportunity for the students to learn about key issues underlying the valuation of property. The lectures begin by setting out the concept of value and the role of the valuer and the characteristics. With this understanding in place, the five methods of valuation are examined. The tutorials expand on the lecture material and provide opportunities to undertake valuations using the methods studied.


Formative Assessment:
The provision of formative feedback is a key component of the LTA approach underpinning this module. Formative feedback opportunities are built into each tutorial where you will be encouraged to engage with and reflect upon module themes via a series of different learning tasks. These provide opportunities for the module tutor to help with your understanding and interpretation of module topics. This formative feedback is delivered in class time in response to student contributions both individually and collectively. Formative feedback arises via the discussion and analysis of tutorial questions, practical examples/cases and associated reflection on a range of learning tasks

Summative Assessment:
The coursework assessment is an exercise in rent and yield analysis and the investment method of valuation and a supporting market report and valuation on a commercial property.This will assess Learning Outcomes 1-2. A formal exam at the end of the trimesters assesses learning outcomes 1-4


Student Activity (Notional Equivalent Study Hours (NESH))
Mode of activityLearning & Teaching ActivityNESH (Study Hours)
Face To Face Lecture 24
Face To Face Tutorial 12
Independent Learning Guided independent study 162
Face To Face Centrally Time Tabled Examination 2
Total Study Hours200
Expected Total Study Hours for Module200


Assessment
Type of Assessment Weighting % LOs covered Week due Length in Hours/Words
Report 40 1-2 9 HOURS= 00.00, WORDS= 2000
Centrally Time Tabled Examination 60 1-4 14/15 HOURS= 02.00, WORDS= 0
Component 1 subtotal: 40
Component 2 subtotal: 60
Module subtotal: 100

Indicative References and Reading List - URL:
Contact your module leader