RICS Red Book valuations accepted by HMRC








A probate valuation gives HMRC the open market value of the home at the date of death. Our RICS-qualified valuers carry out probate valuations across Aldershot, from Wellesley to GU11 and GU12, and we prepare a Red Book report that executors can use in the inheritance tax return. The process is handled with care, because families are often dealing with paperwork at the same time as grief. We keep the valuation factual, defensible and clear.
home.co.uk listings show Aldershot's average asking price at £387,919, with the current average listing price at £388,876, down 0.75% from six months ago. homedata.co.uk records show the average sold price over the last 12 months was £330,381, with detached homes at £541,499, semi-detached homes at £383,364 and terraced homes at £323,861. That spread matters for probate because the value on the date of death must reflect the right local evidence, not a broad headline figure.

A probate valuation is not a guess or a marketing opinion. It is the open market value of the property on the date of death, prepared to RICS Valuation - Global Standards, often called the Red Book. Our valuers inspect the home, look at condition, layout, alterations and legal factors, then compare it with similar properties in Aldershot. That figure is used for inheritance tax and probate paperwork.
In Wellesley, the difference between a converted home and a new-build apartment can be material, especially around Stanhope Gardens, Woodlands Edge or The Head Quarters. HMRC can challenge an estate valuation for up to 4 years, so the report needs to stand up to scrutiny long after the appointment is complete. A clear Red Book valuation helps executors show how the figure was reached, which is useful if the estate includes a listed building or a flat with lease terms to consider.

home.co.uk listings show a market that moves by property type, not by a single local headline. Detached homes are listed at an average £516,714, while flats sit much lower at £153,429, and the average listing price is £388,876. Asking prices have changed by -2.5% over the past 6 months, so a figure taken from memory can already be off. That is one reason probate work needs local evidence rather than a rough market estimate.
homedata.co.uk records show the average sold price in Aldershot over the last 12 months at £330,381, with detached homes at £541,499. Semi-detached homes averaged £383,364, terraced homes £323,861, and overall prices rose 1.28% across the year. Local variation is sharper in some postcodes, with GU11 3 up 1.8% and GU12 4 down -4.9%. We read those differences carefully, because probate figures should reflect the exact part of Aldershot and the type of property being valued.
Wellesley keeps adding another layer to the market. The regeneration has planning consent for up to 3,850 homes, and active schemes include Woodlands Edge at GU11 1PS from £454,995, Stanhope Gardens at GU11 4AN, and Alexander Park at GU11 4BE from £219,950 to £520,000. The town is also seeing conversion-led schemes such as The Head Quarters from £270,000. Those new homes can influence evidence for modern stock, but they do not replace a proper inspection of the probate property itself.
An executor needs a probate valuation as soon as the estate includes a property that must be declared for inheritance tax or for the Grant of Probate application. The return usually has to be submitted within 12 months of death, so delays can make the paperwork harder than it needs to be. Our valuers work on date-of-death values, which is the number HMRC expects. If the home is jointly owned, only the deceased's share may need to be assessed, but the ownership structure still needs to be checked.
Estates above the tax thresholds need particular care. The nil-rate band is £325,000 per person, frozen until April 2028, and the residence nil-rate band is £175,000 per person where the home passes to direct descendants. Married couples and civil partners may be able to transfer unused allowances, which changes the calculation quickly. In Aldershot, that can matter for a terraced house in GU11 as much as for a detached property near the Wellesley estate.
Multiple properties, a buy-to-let flat or a share in a family home all bring extra questions. A probate valuation is also needed when the estate will be sold, because the date-of-death figure becomes the starting point for later tax calculations if the asset is disposed of at a higher price. Executors often ask us to look at homes that have been empty for months, been rented out, or need repairs after a death. Each of those details can move the value.

Our team takes the property details, the date of death and any known ownership information so the valuation starts from the right legal position.
A RICS-qualified valuer visits the home in Aldershot, notes condition, layout, alterations, lease issues and any factors such as a listed status or conversion history.
We compare the home with sold and asking evidence from Aldershot, including the differences seen in GU11 3, GU12 4 and Wellesley.
The valuation is written up to RICS Valuation - Global Standards with a clear figure, reasoning and the evidence used.
We send the report so it can support the IHT return, probate application and any solicitor queries that follow.
If the estate plans to sell, the probate figure becomes the base for later tax calculations and sale discussions.
Inheritance tax starts with the nil-rate band of £325,000 per person, and the residence nil-rate band of £175,000 per person can apply when the home passes to direct descendants. Couples can transfer unused allowances between them, which is why two identical estates can produce very different tax positions. The thresholds are frozen until April 2028, so a modest rise in property values can bring more families into the tax net. A careful probate valuation protects the estate from both underpayment and overpayment.
A wrong figure can cause trouble later. If the valuation is too low, HMRC may challenge it and ask for more tax, interest or records, and the review period can run for 4 years. If it is too high, the estate may pay tax that was not needed. Our valuers look at condition, location, floor space and comparable evidence so the final number is reasoned, not rounded up or down for convenience.
Aldershot has parts that need extra attention from a valuer. The town sits on clay-rich soils with a recognised shrink-swell subsidence risk, especially where trees, drainage or older foundations are involved. Rushmoor Borough Council also has nine conservation areas, including Aldershot Military Conservation Area, Aldershot West Conservation Area, Basingstoke Canal Conservation Area and Manor Park Conservation Area, while nearly 100 statutory listed buildings sit across the borough. Those features can affect value, repair expectations and buyer interest, so they belong in a proper probate report.
Selling a probate home often starts before the property is fully cleared. In Aldershot, that can mean a terraced house near GU11 3, a flat in a Wellesley conversion, or a detached home where the date-of-death value differs from the eventual sale price. homedata.co.uk records show a year-on-year price rise of 1.28%, so a sale achieved months later can produce a different figure from the probate valuation. That is normal, and it is why the original probate report should stay on file.
The local stock is varied. Wellesley includes new homes, converted Victorian buildings and apartment schemes, while older parts of Aldershot include homes affected by conservation area rules or listed building status. Rushmoor's military history shows through homes like the Cambridge Military Hospital, the Duke of Wellington Statue on Round Hill and The Head Quarters, which has been converted for residential use. Buyers often look closely at layout, running costs and any repair history, so clear conveyancing papers help the sale move cleanly.
If the estate sells above the probate value, the increase after death may form part of the capital gains calculation for the estate or beneficiaries, depending on timing and ownership. That makes the date-of-death figure more than a formality. Our conveyancing team can support the sale once the valuation is complete, and our surveying services can also help if the executors or buyers want a fuller property check before contracts are exchanged.

Census 2021 puts Aldershot at 39,807 residents, with 43,754 estimated in 2024 and 3,983 households in Aldershot Town. The town still carries a military presence, with 2,840 military personnel and 370 civilian staff in Rushmoor, so the housing mix includes long-held family homes, modern flats and properties that have changed hands after posting or retirement moves. That mix can affect probate value because different buyers read the same street in different ways. A house near North Town does not sit in the same market as a new apartment in Wellesley.
Rushmoor Borough Council has nine conservation areas, including Aldershot Military Conservation Area, Aldershot West Conservation Area, Basingstoke Canal Conservation Area and Manor Park Conservation Area. Nearly 100 statutory listed buildings are spread across the borough, among them the Royal Army Medical Corps Boer War Memorial, the British Army 8th Division World War I Memorial, the Military Cemetery and the Duke of Wellington Statue on Round Hill. Add the clay-rich soils and the recognised risk of shrink-swell subsidence, and some homes need closer inspection than a standard market appraisal would provide. Flood risk is low in the short term, but long-term river, sea, surface water and groundwater risk still belongs in the report.
Wellesley conversions such as the Cambridge Military Hospital and The Head Quarters show how much the local stock can change within one development. Older brick homes, apartments and newly built houses each respond differently to repairs, lease terms and service charges. Our valuers take those details into account, because a probate figure has to fit the property that exists, not the one a brochure describes. That is especially true where alterations or listed building consent may matter later.
HMRC expects the property to be valued at its open market figure on the date of death. Our RICS-qualified valuers provide a Red Book report that executors can use for the inheritance tax return and probate application. The report also gives a clear audit trail if HMRC asks questions later.
Probate valuation fees start from £250. The final cost depends on the property type, the amount of detail needed and whether the home is a standard house, a flat or a property with unusual legal or structural issues. We quote clearly before the inspection, so executors know what is included.
HMRC is more likely to accept a valuation that follows RICS Valuation - Global Standards and explains how the figure was reached. Our reports include comparable evidence, the condition observed at inspection and the reasoning behind the final number. That is the level of detail HMRC expects if it reviews the estate later.
The inspection itself is usually straightforward, and the full report is typically delivered within 5-7 working days. More time may be needed for a large estate, a converted home in Wellesley or a property with title or tenancy complications. We keep the process focused so executors can move the probate file forward.
The nil-rate band is £325,000 per person, frozen until April 2028. The residence nil-rate band is £175,000 per person when the home passes to direct descendants, and unused allowances may be transferable between spouses or civil partners. Those allowances can change the tax position quickly, so the valuation has to be accurate.
An estate agent's opinion can help with sale planning, but it is not the same as a probate valuation. HMRC wants a defensible date-of-death figure, which is why our RICS Red Book report is the safer route. A marketing appraisal may sit too high or too low for tax purposes.
We still value the property as it stood on the date of death, even if it is empty, dated or in poor repair. In Aldershot, that matters for older homes, conversion flats and houses affected by clay-related movement or listed building constraints. The condition at inspection is part of the evidence, not a reason to guess.
From £499
Legal support for probate sales and transfers
From £250
Useful for many conventional homes in Aldershot
From £400
Suited to older, altered or larger properties
From £60
Helps if the probate property will be marketed for sale
Pricing starts from £250 for a straightforward probate valuation in Aldershot. The fee reflects the inspection, the Red Book report and the evidence review, not a quick phone estimate. Homes in Wellesley, listed properties in a conservation area or properties with title complications may need more time and a wider set of comparables. We tell executors what is included before work begins, so the costs stay clear.
A proper report usually includes the address, date of death, inspection notes, condition, comparable evidence and the final market value on the correct date. That format helps solicitors, executors and accountants keep the probate file in order. For most cases, we aim to return the report within 5-7 working days after inspection. If the estate needs the work quickly, let us know at the outset so we can plan the appointment accordingly.
The finished report is written in a way HMRC and legal professionals can follow without extra explanation. If the property is due to be sold, the same figure also gives the estate a clean starting point for later tax or sale discussions. Our team can move from valuation to related services, which keeps the process steady for families who are already dealing with a difficult period.
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RICS Red Book valuations accepted by HMRC
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