RICS Red Book valuations accepted by HMRC








Our RICS-qualified valuers carry out probate valuations across Telford and Wrekin for executors who need a figure HMRC can accept. A probate valuation records the open market value of the property at the date of death, not the price it might achieve months later when the estate is ready to sell. That distinction matters, because inheritance tax forms, probate applications and estate accounts all depend on the same defensible number. We provide clear, structured advice at a time when families often have a great deal to handle.
Local sold-price evidence matters in this borough. The latest local local survey data shows an average of £222,000 in February 2026, with detached homes at £346,000, semi-detached homes at £204,000, terraced homes at £174,000 and flats and maisonettes at £99,000. Those figures sit below the national average asking price of £437,474 reported by home.co.uk in May 2026, so a generic national estimate would miss the mark. Our valuers build each probate figure from property condition, location, comparable evidence and the legal standard HMRC expects.

A probate valuation is a formal assessment of market value for the date of death, prepared to RICS Red Book standards. HMRC uses that figure to decide whether inheritance tax is due and to check that the estate has been reported correctly. An estate agent's marketing opinion looks at what a buyer may pay in the current market, which is not the same thing. Our valuers work to a higher evidential standard, so the report can support the probate file if it is reviewed later.
In Telford and Wrekin, small differences in valuation can change the tax position quite quickly. A detached home at £346,000 and a flat at £99,000 sit in very different bands, while the wider West Midlands trailing 12-month average sits at £255,000 with a +1.2% year-on-year change according to homedata.co.uk. That spread is one reason HMRC wants a properly reasoned valuation, not a rough figure from a quick desktop estimate. We record the evidence behind the number, so executors have a paper trail that makes sense.

The borough's local figures show a market with clear price bands rather than one single pattern. In February 2026, the average stood at £222,000, while semi-detached homes were priced at £204,000 and terraced homes at £174,000. Detached homes reached £346,000, which places them well above the borough average and changes how an estate should be assessed. Flats and maisonettes at £99,000 sit at the lower end, so even modest improvements or condition issues can move a probate figure by a noticeable amount.
That spread matters when the property forms part of a taxable estate. If a home in Telford and Wrekin is valued too high, the estate may pay more tax than necessary. If it is set too low, HMRC can query the return and ask for supporting evidence, which can delay matters for executors. Our valuers look at the local evidence for the date of death and compare it with the wider West Midlands pattern, where the trailing 12-month average is £255,000 and the annual change is +1.2% according to homedata.co.uk.
Local context also helps when the property type is unusual. A semi-detached home at £204,000 may sit close to the borough norm, while a detached property at £346,000 needs stronger comparable evidence because it sits in a higher band. National figures can distort that picture, particularly where home.co.uk records the average asking price at £437,474 in May 2026. Probate work should reflect the actual market for Telford and Wrekin, not a broad national headline.
Executors usually need a probate valuation before applying for the Grant of Probate or completing inheritance tax forms. The valuation becomes part of the estate file, so it should be ready before the figures are submitted to HMRC. If the estate contains more than one property, or if the deceased owned a home with another person, each asset still needs the correct date-of-death value. Our valuers help families gather the right information without turning the process into a long administrative exercise.
The tax thresholds make timing important. The nil-rate band is £325,000 per person, frozen until April 2028, and the residence nil-rate band is £175,000 per person for properties passing to direct descendants. Married couples and civil partners can transfer unused allowances, which can raise the available threshold for the second death. If the estate is above the relevant limit, or close to it, a well-supported valuation can make a meaningful difference to the figures reported.

An executor, solicitor or family member asks us to value the property and shares the date of death, title details and any known issues.
Our valuer inspects the home, notes condition, layout, alterations and anything that would affect market value in Telford and Wrekin.
We assess recent local evidence, including the borough's £222,000 average and the price bands for detached, semi-detached, terraced homes and flats.
The valuation is written up in a format that follows RICS Valuation - Global Standards and explains how the figure was reached.
The report is sent promptly, so the estate can move on to the probate application, inheritance tax form or solicitor review.
Executors can use the report to support the estate return, and if HMRC queries the figure later, the evidence is already in place.
Inheritance tax starts with the nil-rate band of £325,000 per person, and that figure is frozen until April 2028. If the deceased owned a home that passes to direct descendants, the residence nil-rate band can add a further £175,000 per person. For married couples and civil partners, unused allowances can usually transfer, which can raise the overall threshold for the surviving spouse's estate. The property value on the date of death is the figure that feeds into those calculations.
Executors also work to a time limit. The inheritance tax return is normally due within 12 months of death, so the valuation needs to be ready early enough for the estate paperwork to be filed correctly. HMRC can challenge valuations for up to 4 years, which is why a quick estimate from memory or a sale listing is not enough. Our valuers give families a report that records the evidence, the date of death, and the reasoning behind the final figure.
Where the estate includes more than one property, the values must be consistent across the return, the probate file and the estate accounts. A detached home at £346,000 has a different tax impact from a flat at £99,000, even before the rest of the estate is counted. That is why we treat each property on its own facts, then place it in the wider inheritance tax picture. The result is a valuation that is easier for solicitors to use and simpler for executors to explain.
Selling an inherited home often begins with the probate figure, not the sale price. If the property later sells above the date-of-death value, capital gains tax may be relevant to the increase after death, so the starting valuation needs to be accurate. In Telford and Wrekin, that matters across the full range of stock, from flats and maisonettes at £99,000 to detached homes at £346,000. The sale strategy should follow the evidence, not guesswork.
Market context helps executors decide what to do next. home.co.uk records the national average asking price at £437,474 in May 2026, while the West Midlands trailing 12-month average sits at £255,000 according to homedata.co.uk. Those figures show why a property in this borough needs a local reading rather than a national headline. We can also point executors towards conveyancing support once the valuation is complete, so the sale side of the estate is handled in a measured way.

HMRC needs a market value for the property at the date of death, and that figure is used for inheritance tax and probate paperwork. A probate valuation gives executors a formal, defensible number rather than a rough guess. It also helps solicitors and family members keep the estate accounts consistent from the start.
Our probate valuations start from £250, depending on the property and the level of detail needed. A straightforward home with clear comparable evidence is usually less complex than an unusual property or an estate with several assets. We quote clearly before work begins, so executors know what is included.
HMRC expects a properly prepared valuation based on the market value at the date of death. A RICS Red Book report gives the figure professional standing and explains how it was reached. If the estate records, comparables and property condition are documented, the report is much easier to defend.
The inspection itself is usually arranged quickly, then the report is prepared after the evidence has been reviewed. In many cases the full turnaround is around 5-7 working days, though more complex estates can take longer. Executors who need the valuation for an inheritance tax return should contact us early.
The nil-rate band is £325,000 per person, frozen until April 2028. If a home passes to direct descendants, the residence nil-rate band can add £175,000 per person. Married couples and civil partners may also transfer unused allowances, which can raise the amount that falls outside tax.
An estate agent's appraisal is useful for setting a sale price, but it is not the same as a probate valuation. HMRC wants a date-of-death market value supported by evidence and written to RICS standards. Using a sales appraisal alone can leave the estate exposed if the figure is later queried.
HMRC can ask for supporting evidence and may review valuations for up to 4 years. If the report has been prepared properly, the comparable sales and reasoning are already available. That usually makes any response shorter and less stressful for executors.
Yes, we support executors who need both the valuation and the next step in the sale process. Once the probate figure is agreed, we can point you towards conveyancing support and other services that help the estate move forward. That keeps the paperwork and the sale process aligned.
From £499
Legal support for probate sales
Quote on request
Condition checks before a probate sale
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Detailed survey for older or altered homes
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Energy rating for a property being sold
Our probate valuations in Telford and Wrekin start from £250, with the final fee shaped by the property type, the amount of evidence needed and whether the estate is straightforward or more involved. A standard report will cover the inspection, comparable market evidence, date-of-death analysis and the final Red Book valuation. Executors can use the report for probate, inheritance tax and estate records without needing to reinterpret the figures themselves. The aim is to give a clear professional document that stands up well if HMRC asks questions later.
Turnaround is typically 5-7 working days from the inspection, although this can vary if the property is unusual or the estate includes several addresses. We keep the process simple for families, with direct communication and a report that is written in plain language as well as professional terms. That balance matters when executors are managing legal deadlines, family conversations and a property that may already be empty. The valuation is one part of the estate, but it often becomes the number everything else relies on.
For homes in Telford and Wrekin, our valuers take account of the local market spread, from flats at £99,000 through to detached homes at £346,000, then set the probate figure using comparable evidence from the same type of property. That approach is more reliable than using a broad average on its own. It also gives solicitors a report they can place straight into the file. If you need a probate valuation, a fixed start price and a clear timeframe can make the process easier to plan.
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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.