Shared Ownership Valuation Chippenham

A shared ownership valuation is a specialised type of property valuation required when dealing with shared ownership properties. Unlike standard mortgage valuations, these reports must be carried out by a RICS registered valuer and follow specific guidelines set out in the RICS Valuation - Global Standards (the Red Book). The valuation determines the full market value of your property, which is essential for several important transactions.

If you are staircasing (buying additional shares in your property), the housing association will require an up-to-date valuation to calculate how much your additional share will cost. Similarly, if you are selling your shared ownership property, the valuation determines the price at which you can sell your share. Our valuers in Chippenham understand the local market conditions and can provide accurate valuations that reflect current property values in the town and surrounding areas.

Chippenham has seen substantial new housing development in recent years, with major schemes including Oak Hill Rise, Rawlings Green, and Langley Park bringing new shared ownership options to the market. These developments have influenced both the availability and pricing of shared ownership properties in the area. Our valuers stay current with all new developments and can provide valuations that account for the local market conditions, including the impact of new build properties on existing shared ownership values.

Chippenham offers several shared ownership developments that make the most of this attractive market town located between Bath and Bristol. Hilltop Park, a Bloor Homes development offered through Selwood Housing, provides 2 and 3-bedroom shared ownership homes with full market values ranging from £275,000 to £350,000. A 40% share on these properties would cost between £110,000 and £140,000, making them an affordable option for first-time buyers in Wiltshire.

Rowden Gate, previously associated with Selwood Housing, offers similar 2 and 3-bedroom shared ownership properties with market values between £275,000 and £335,000. The development is situated in a popular residential area of Chippenham with good access to local amenities and transport links. Oak Hill Rise by Persimmon Homes includes 26 affordable homes, with some designated for shared ownership, as part of a wider development of 95 new energy-efficient homes on a brownfield site in Chippenham.

Lackham Place, part of the Rowden Park Garden Village development by Redcliffe Homes, offers 2 and 3-bedroom shared ownership houses through Wiltshire Council. Langley Park, described as the most centrally located new home development in Chippenham, also has shared ownership options available. These developments represent the growing commitment to affordable housing in Chippenham and provide excellent options for those looking to get onto the property ladder in this desirable Wiltshire town.

Several local factors influence property values in Chippenham that our valuers take into account when assessing shared ownership properties. The town benefits from excellent transport links, including the M4 corridor and frequent train services to Bath, Bristol, Swindon, and London Paddington. This makes Chippenham a popular commuter location, influencing demand for housing in the area. The average house price in Chippenham has increased by around 2.9% over the last year, with property prices varying significantly between property types.

The geology of Chippenham includes clay-rich soils, particularly Oxford Clay and Alluvial deposits, which can pose a shrink-swell subsidence risk. Our valuers are aware of this local geological characteristic and will note any signs of structural movement or subsidence that may affect a property's value. Additionally, parts of Chippenham fall within flood risk zones along the River Avon and River Marden, with the town centre experiencing significant flooding during Storm Bert in November 2024.

Chippenham's historic town centre features buildings with Ashlar Bath Stone facades and falls within a designated Conservation Area containing 22 listed buildings. Properties in the Conservation Area may have additional restrictions or considerations that affect their value. Our local valuers understand these local factors and ensure that all relevant considerations are reflected in your valuation report.