Modules

Core Module Information
Module title: Real Estate Surveying 2 (GA)
SCQF level: 08:
SCQF credit value: 20.00
ECTS credit value: 10
Module code: BSV08411
Module leader: Cletus Moobela
School School of Computing, Engineering and the Built Environment
Subject area group: Built Environment
Prerequisites

There are no pre-requisites for this module to be added
Description of module content:

The module introduces students to the principles of property investment, the qualities of, and risks associated with, property as an investment and the technical analysis of investment returns. Students are introduced to contemporary models of property valuation based on rental growth explicit discounted cash flow techniques and apply these methods in a range of contexts. Students will learn to apply specialist and applied valuations, for example: surrenders and renewals, premiums, marriage value and the statutory valuation of specialist properties. They will also develop an awareness of the differing bases of valuation and the regulatory framework for valuations.
Learning Outcomes for module:

Upon completion of this module you will be able to

LO1: Apply a critical understanding to the qualities of property as an investment.

LO2: Comprehend, evaluate and apply contemporary (growth explicit) models of property valuation.

LO3: Apply investment techniques to analyse the return from property.

LO4: Appreciate and identify circumstances rendering a valuation a ‘statutory’ or ‘specialist’ valuation.

LO5: Determine and use relevant valuation methods to be used in specialist and statutory valuations.

LO6: Demonstrate knowledge of the different bases of valuation and the ‘Red Book’ requirements for valuations.
Full Details of Teaching and Assessment
2024/5, Trimester 3, In Person,
VIEW FULL DETAILS
Occurrence: 001
Primary mode of delivery: In Person
Location of delivery: MERCHISTON
Partner:
Member of staff responsible for delivering module: Cletus Moobela
Module Organiser:


Student Activity (Notional Equivalent Study Hours (NESH))
Mode of activityLearning & Teaching ActivityNESH (Study Hours)NESH Description
Face To Face Lecture 20 The module is delivered face-to-face over a 5-day period, with 3-hour lectures, followed 2-hour tutorials. Students also benefit from reading the key reference material supporting each topic in advance of the class. These are referenced on the lecture slides and/or the virtual learning environment.
Face To Face Tutorial 10 The tutorials allow for more focused interaction with and between students on the topics learnt in the lectures. This also offers opportunities for formative feedback where students are given instant feedback on the valuation and investment problem solving questions that they attempt in the tutorials. The interactions also offer opportunities for peer feedback. The use of industry standard resources and databases is incorporated in the module to aid analysis and enhance employability skills.
Online Guided independent study 170 This is a learning approach where students take responsibility for their own learning process, with support and direction from the academics through tutorials and assessments. This will involve reading, working on tutorial tasks and exercises, studying and accessing resources discussed in lectures and tutorials, and working on assessments.
Total Study Hours200
Expected Total Study Hours for Module200


Assessment
Type of Assessment Weighting % LOs covered Week due Length in Hours/Words Description
Report 100 1~2~3~4~5~6 Week 12 , WORDS= 4000 The module is assessed by Coursework (100%). The Coursework is divided into two components. The first assesses students’ understanding of property investment principles, the property investment markets as well as the requirements for statutory valuations and applied valuations in the context of landlord and tenant relations. The second part is designed to evaluate students’ understanding of the application of contemporary appraisal techniques applicable to property valuation. The task is also designed to assess the differing bases of valuation, the outcome of which is a client valuation report and applied valuations. Real world valuation tasks are given, using existing commercial properties. The coursework task will enable the student to demonstrate achievement of Learning Outcomes 1-6.
Component 1 subtotal: 100
Component 2 subtotal: 0
Module subtotal: 100

Indicative References and Reading List - URL:
Real Estate Surveying 2
 

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