RICS Red Book valuations accepted by HMRC








Our RICS-qualified valuers carry out probate valuations across Cranleigh, from The Common and St James's Place to homes near High Street and Guildford Road. We provide a date-of-death market value that can be used for probate and inheritance tax, written in line with RICS Valuation - Global Standards. Executors often need a clear figure at a difficult time, and a properly prepared report helps turn that legal duty into a manageable step.
homedata.co.uk records show an average house price of £652,500 in Cranleigh, with 127 residential property sales in the last 12 months. That figure sits alongside a 0.6% rise over 12 months and 3.06% growth over 5 years, while 37 sales fell in the £472,000 - £624,000 range. Those numbers matter because HMRC expects the open market value at the date of death, not a marketing estimate, and a Red Book report gives executors a firm basis if the valuation is ever queried.

A probate valuation is the open market value of a property on the date of death. Our valuers look at condition, layout, title, land, fixtures and local evidence, then set out a figure that HMRC and probate solicitors can rely on. It is different from an estate agent appraisal because it is not written to attract a buyer or win a listing.
In Cranleigh, the distinction matters because the housing stock runs from historic buildings near the Church of St Nicholas to newer homes in developments such as Amber Waterside, The Lakes in GU6 8NQ. A date-of-death report also helps where the home sits inside the Conservation Area or close to flood-affected land south of the High Street. HMRC can challenge a return years later, so a report with clear reasoning gives the estate a defensible record.

homedata.co.uk shows an average house price of £652,500 in Cranleigh, with the market moving only slightly over the last year at 0.6% and over 5 years at 3.06%. That slow pace can matter in probate work because even modest changes in condition, plot size or access can move the figure by a meaningful amount. The latest sales data shows 127 residential transactions in the last 12 months, down by 25 sales or -19.69% on the previous year.
The sales mix also gives useful context. The largest cluster, 37 sales, sat in the £472,000 - £624,000 bracket, which suggests that many local probate estates are likely to involve homes in the middle of the market rather than the very top end. For executors, that means a valuation cannot rely on broad county averages. It needs Cranleigh-specific evidence, including the type of home, its setting, and how buyers have recently valued similar property in the parish.
home.co.uk currently lists Amber Waterside, The Lakes from £575,000, Leighwood Fields from £585,000, and Manns Lodge from £460,950. Those developments sit alongside larger proposals such as the Bellway scheme off Horsham Road for 79 homes, Knowle Park between Knowle Lane and Alfold Road for 265 homes, and the proposed 11-home scheme north of Bookhurst Road. Some of the newer and proposed sites sit outside the village boundary, which makes local planning context part of the valuation picture when a probate property is compared against nearby stock.
A probate valuation is needed when the deceased owned property in their sole name, or when a share of a property needs to be valued for the estate. Our valuers also work where there are multiple properties, family transfers, or a sale is likely after the grant of probate. In those cases, the date-of-death figure becomes part of the estate's legal and tax record.
The need becomes sharper when the estate may exceed the inheritance tax threshold. The current nil-rate band is £325,000 per person, frozen until April 2028, and the residence nil-rate band is £175,000 per person where a home passes to direct descendants. Married couples and civil partners can pass unused allowances between them, so the home in Cranleigh may sit within a wider estate position that needs careful review before the IHT return is filed.

The executor or personal representative contacts us and gives the property address, the date of death and any known issues such as flooding, alterations or a lease. We then confirm the scope of work and arrange a suitable appointment.
Our valuer visits the home, records construction, accommodation, condition and site features, and notes anything that affects value. In Cranleigh, that can include older brickwork, timber frames, later extensions or signs of movement linked to clay soil.
We compare the home with local sales and current market evidence from Cranleigh and the surrounding parish. This is where nearby streets, house type, plot size and conservation area constraints can alter the final figure.
We prepare a written valuation in line with RICS Valuation - Global Standards. The report sets out the figure, the reasoning and the evidence trail, so executors can rely on it for probate and tax purposes.
The completed report is sent to the executor or the probate solicitor, usually in a clear format that can be attached to the estate paperwork. If questions arise, our valuers can talk through the assumptions and the comparables used.
If the property is to be sold, we can help with related services such as conveyancing, surveys and EPC work. That keeps the estate moving once the valuation stage is complete.
Cranleigh's housing stock has a very specific shape. Detached homes make up 41% of the stock, semi-detached and terraced homes account for 39%, and flats represent 20%. The parish also contains 5,369 households, with 64% of properties offering 3+ bedrooms and a high level of home ownership at 85%. That mix tells us executors are often dealing with family homes that have been owned for years rather than quick-turnover stock.
The Conservation Area, designated in 1973 and extended in 1985, covers the historic eastern core, the central shopping area and a more rural western section. Around The Common, High Street, St James's Place, Common Road, Horseshoe Lane and Guildford Road, there are listed buildings and buildings of local merit dating from the 12th century through to the 19th and 20th centuries. Cranleigh School, for example, is noted for its asymmetrical Tudor-style red brick form with black brick diaperwork, stone dressings and tiled roofs, and those architectural details can alter both condition and value in a probate case.
Local land conditions matter as well. Much of Cranleigh lies on heavy clay with rapid run-off behaviour, the area has a long record of flooding going back to 1852, and incidents were recorded in 2000, 2007, 2010 and 2013. The Environment Agency describes Cranleigh as a flashy catchment, and properties near Littlemead Brook or Cranleigh Waters can need a more cautious valuation where water history, drainage and ground movement affect the market view.
Once the probate figure is agreed, executors often need to decide whether to sell, transfer or retain the property. In Cranleigh, that decision is shaped by local market levels, with home.co.uk currently listing new homes from £460,950 to £585,000 in schemes such as Manns Lodge, Amber Waterside and Leighwood Fields. Those asking prices do not set probate value, but they do help frame what buyers are seeing in the local market.
Probate sales in Cranleigh also need care where the home is older or sits within a sensitive setting. A listed cottage near the Conservation Area, or a detached home affected by clay soil or past flooding, can require fuller disclosure before marketing begins. If the eventual sale price is above the probate value, capital gains tax can become relevant for the estate, so having a solid starting figure matters from day one.

HMRC needs the open market value of the property at the date of death so the estate can be assessed correctly for inheritance tax and probate. Our valuers provide that figure in a Red Book report, which gives executors a defensible record if the estate is reviewed later. It is a key part of administering a home in Cranleigh, especially where the property is valuable or part of a wider estate.
Our probate valuations in Cranleigh start from £250. The final fee depends on the size of the property, the complexity of the construction and any local issues such as listed status, flood history or access. A straightforward flat in a newer development will usually be less involved than a timber-framed house near The Common.
HMRC accepts valuations that are prepared to RICS Valuation - Global Standards and are supported by clear evidence. Our reports are written for probate and inheritance tax, not for marketing, so the format is suitable for estate administration. If HMRC asks questions later, the report provides the reasoning behind the figure.
The inspection itself is usually arranged quickly, and the written report is typically completed within 5-7 working days. Complex homes, leasehold titles or properties with flood or structural issues can take longer because we need to review more evidence. If the probate timeline is tight, we can discuss the best way to handle the appointment.
The current nil-rate band is £325,000 per person, frozen until April 2028. 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, so the estate position can be different from the value of the house alone.
An estate agent's figure can help with selling, but it is not a substitute for a probate valuation. HMRC expects a date-of-death market value supported by a proper report, and an agent's appraisal does not carry the same legal weight. For Cranleigh properties with older fabric, conservation area constraints or flood exposure, a Red Book valuation is the safer route.
Joint ownership changes how much of the property enters the estate, so the legal title needs to be checked before the valuation is fixed. We can value the whole property and, where needed, explain the deceased's share for probate and tax purposes. That is common where a spouse remains in the home and the estate only owns part of the equity.
From £499
Legal support for probate sales and title transfers
From £425
Suitable for many modern homes before a probate sale
From £650
For older homes, listed buildings and properties with visible defects
From £60
Needed before marketing a property for sale or let
Our probate valuations in Cranleigh start from £250, with the final price reflecting the property's size, complexity and the amount of evidence needed. A flat in a newer scheme such as Manns Lodge is usually simpler to assess than a detached home on a larger plot or a listed building near Guildford Road. If the home has been altered, extended or affected by flooding, the work can take longer and the fee may rise accordingly.
The fee includes an inspection, local comparable analysis and a Red Book report written for HMRC and probate solicitors. We usually turn reports around in 5-7 working days, and we keep the process straightforward for executors who are already dealing with paperwork, family questions and estate administration. Clear reporting matters because the IHT return is due within 12 months of death, and HMRC can challenge the valuation within 4 years.
A careful valuation also helps when the estate later sells the property. Cranleigh's market is shaped by older homes in the Conservation Area, larger family houses with 3+ bedrooms, and newer developments from £460,950 upwards, so the right probate figure needs local evidence rather than a broad county average. Our team provides that starting point, then stays available if the estate needs conveyancing or survey support afterwards.
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RICS Red Book valuations accepted by HMRC
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Homemove is a trading name of HM Haus Group Ltd (Company No. 13873779, registered in England & Wales). Homemove Mortgages Ltd (Company No. 15947693) is an Appointed Representative of TMG Direct Limited, trading as TMG Mortgage Network, which is authorised and regulated by the Financial Conduct Authority (FRN 786245). Homemove Mortgages Ltd is entered on the FCA Register as an Appointed Representative (FRN 1022429). You can check registrations at NewRegister or by calling 0800 111 6768.