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Valuation and Ethics

LO1 Critically evaluate valuation methodologies and their uses
LO2 Critically appraise aspects of ethics and regulation and provide reasoned solutions and
advice to ethical problems
LO3 Critically analyse comparable rents, yields and capital values, to evaluate the current
UK and international property markets in a range of sectors
LO4 Develop basic valuation reports and provide justified solutions to a range of real estate
valuation problems
You are employed as a graduate surveyor by Castlebrook, a firm of general practice surveyors. A
well-established client, Cathedral Properties Ltd, owns a portfolio of different types of real estate.
Castlebrook have been asked for advice concerning two properties from their portfolio.
Property 1
The first property comprises a ground floor mid-parade lock-up shop, with the following internal
Internal width (at front): 7.65m
Shop depth: 26 m
At a depth of 15m the shop widens for the remainder of the shop by 3m giving an internal width of
10.65m. The shop provides an ā€˜Lā€™ shape configuration.
Within the shop there are three columns spaced at 5m intervals from the frontage. These columns
measure 0.45 m by 0.45m. At the rear of the shop there are WCs measuring overall 1.8m by 1.8m.
Property 2
The second property is a vacant office building known as Belmont House, situated on Belmont
Business Park. Belmont Park was built in 2010 and comprises 10 modern office buildings, situated
on the edge of a large regional city. Basic details of the subject property are as follows:
Address: Belmont House, 1 Belmont Business Park.
Title: Freehold.
Three-storey open-plan office.
Total accommodation 1,950 square metres (20,990 sq ft) International Property Measurement
Standard 1 (IPMS 1) with 20 car parking spaces.
Freehold interest to be placed on the market imminently.
Ā© University College of Estate Management 2020 Page 3 of 11
Table 1: Comparable Evidence ā€“ Belmont Business Park
Address Description Lease terms Floor areas Transaction/Ren
t p.a. (including

Sample Solution

War Poems The principal sonnet of war verse was a sonnet composed by Walt Whitman before 1900 years. It is classified "originated from the field father." This sonnet tells the family how heard the news that his child was harmed in fight. At first, it clarifies that his sister gets a letter and asks her dad and mom. At that point the writer will keep on clarifying the setting of the ranch and its experience. "The apple of the plantation is ready and the grapes of grapes will be grapes." "The sky is extremely quiet ...", it is peaceful and quiet and wonderful. "He made a calm and delightful spot. WB Yeats' first fight melody was "Mentioned to give war verse" on February 6, 1915. Because of the solicitation of Henry James, Yeats composed a political sonnet about World War I. Yeat changed the title of the sonnet to "Give a companion". On 20 August 1915, Yeat composed a letter to Coul Park's Curry and requested that an unbiased nation sign his affirmation. Purpose behind quietness "When it was reproduced later, the title was changed to" Requested to give war verse ". Yeats' most well known war verse is "Ireland's pilot anticipates his demise." This sonnet is a monolog given by the pilot in the First World War, and the talker depicts his looming passing. This sonnet is about the job of Irish officers who battled with Britain when Ireland attempted to set up freedom. The principal sonnet mirrors the picture of war that the vast majority know well. This sonnet "Flanders Battlefield" is presumably the most well known and mainstream war sonnet. It was first distributed in British 'punch' magazine in December 1915. Very quickly, this sonnet represents the penance of all the battle in World War I. "Flanders Battlefield" was made by a specialist and educator of Canada, John McCrea who worked in the South African War and the First World War. He was moved to the clinical group and doled out to a French emergency clinic. He was dynamic in 1918 and passed on of pneumonia. His sonnet assortment "Flanders Field" and other verse assortments were distributed in 1919. This sonnet is still piece of a commemoration in Canada and different nations. Maybe the most acclaimed contemporary use of this sentence is the title of the sonnet "Dulce et Decorum est" by British writer Wilfred Owen during the First World War. Owen's verse depicts the gas assault during the First World War and is one of his numerous enemy of war sonnets that were not declared until the finish of the war. In the last barely any lines of this sonnet, Horatian phrases are communicated as "antiquated untruths". Individuals accept and utilize the first of that sonnet to clarify that Owen is attempting to deride the sonnet by Jessie Pope (who commended the war and selected in a straightforward devoted verse). "Little accomplice" who is eager about charging and shooting. Like "telephone"

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