Red Book reports for staircasing, sales, remortgages, and lease work across Daventry
Regulated
Our RICS-registered valuers produce Red Book reports accepted by housing associations across Daventry, from Malabar on A425/Staverton Road to homes off Ashby Road at Micklewell Park. We handle staircasing, final staircasing, assignment, re-mortgage cases, and lease extension work, and we keep the process plain. No guesswork. Just a valuation that follows RICS Valuation Global Standards and gives your housing association the figure it needs.
We work on a fixed fee from £350 for homes under £300k, £425 for £300k to £500k, £495 for £500k to £750k, and £595 above £750k. The report is turned around within 5 working days of inspection, and the valuation stays valid for 3 months from the inspection date. That 3-month window matters in Daventry, especially where a sale or staircase is tied to a housing association deadline.
£358,172
Overall average asking price
£263,982
Overall average sold price (last 12 months)
351
Residential sales in the last 12 months
£394,899
Current average listing price
+1.07%
Sold prices, 12-month change
-1.7%
Asking prices, 6-month change
-0.6%
NN11 0 house price change
Using listing data from home.co.uk and property data from homedata.co.uk
The paperwork usually starts with the lease, not with the market. A shared-ownership home on Malabar or a property in NN11 0 can need the same Red Book report, because the valuation is tied to the open market figure on the inspection date. That figure is what your housing association uses to work out the share price, the sale figure, or the lending position.
Staircasing is the clearest trigger. If you want to buy more shares, the valuer sets the open market value first, then the housing association uses your lease terms to work out the cost of the extra slice. Final staircasing uses the same principle, only the last purchase takes you to 100% ownership and removes rent on the unsold share.
Selling your share is called assignment, and that route usually has a nomination period first. In many cases the housing association gets 4 to 8 weeks to find a buyer before the home can be marketed openly, so the valuation needs to be current when you begin the process. A stale report can slow the whole sale down.
Re-mortgage cases and lease extension work can also trigger the same requirement. A lender may want the equity position set out clearly, while a housing association wants a Red Book valuation that follows the RICS framework. Different forms, same need, one professional figure.
Based on common shared-ownership requirements and RICS Red Book standards
The share price is based on the open market value, not on the price you first paid for the home. If a Daventry property is valued at £263,982, then 10% of that figure is £26,398.20 and 25% is £65,995.50. That is why a valuation for a home on Malabar can look different from the entry price printed on the shared-ownership advert.
A 40% share from £110,000 at Malabar is only the starting point for ownership, not the final answer for staircasing. As the property market moves, the open market value can move with it, and the next share is priced from the valuer's figure on inspection day. The association does the arithmetic from there.
Tell us the address, the leasehold tenure, and what you need the valuation for. A home on A425, a flat near Ashby Road, or a new-build on the edge of Daventry all follow the same booking route.
We agree a visit time with you or your agent. If the property is occupied, empty, or between stages of a sale, we plan around that so the inspection can go ahead without delay.
Our valuer looks at the condition, size, layout, lease details, and local evidence. Daventry sales around NN11 and the newer phases at Malabar can both feed into the comparison set.
The report is written in RICS format and sent within 5 working days of inspection. It includes the open market value that your housing association or lender needs.
Send the report into your housing association or solicitor as part of the staircase, sale, or remortgage process. If the 3-month window is close to expiring, act quickly.
Shared-ownership valuations are valid for 3 months from the inspection date, and housing associations tend to enforce that date strictly. In Daventry, that matters if you are waiting on paperwork for a staircase at Malabar or a sale under the nomination period on an assignment. Book the valuation close to the point where you will actually submit the form, not weeks before.
Daventry is not a one-note market. The local pipeline includes the Daventry North East Sustainable Urban Extension, approved under DA/2020/0100, with 3,400 dwellings planned, a local centre, two new primary schools, a new secondary school, extension to Daventry Country Park, and highway infrastructure. That sort of scheme changes the tone of the local shared-ownership market because the newer stock tends to sit alongside established homes rather than replacing them.
Malabar is the clearest local example of how shared ownership is being used here. On the western edge of Daventry, Platform Home Ownership is offering two and three-bedroom homes, with a 40% share from £110,000. Micklewell Park off Ashby Road, approved under DA/2014/0869, adds 450 dwellings to the picture, so a valuation in Daventry can draw on both newer phases and older stock around the town.
The price tier matters as well. homedata.co.uk records show an overall average sold price of £263,982, while the sold-price averages by bedroom size reach £224,131 for 2 beds and £339,352 for 3 beds. Shared ownership tends to sit in that part of the market where the full home value is high enough to need a step-in route, but not so high that a buyer wants to take the whole property on day one.
The NN11 0 postcode gives a useful local signal too, with house prices down -0.6% over the last year. That does not change the way a Red Book report is written, but it does affect how quickly buyers and owners move from a quote to an instruction. A report for a home near Ashby Road, St James, or the A425 side of town still needs to be tied to the inspection date and the current evidence set.
The figure in a Red Book report is the open market value, not the lender's figure and not the price of your share. Our valuers compare recent sold evidence in Daventry, then adjust for size, condition, lease length, parking, and the place the home sits in the local pattern, whether that is a newer phase like Malabar or a more settled street off Ashby Road. homedata.co.uk records show 351 residential sales in the last 12 months, so there is local evidence to work from.
You do not normally challenge the figure simply because you hoped for a higher one. If something material changed, such as access problems at the inspection, a room that could not be viewed, or a repair issue that was hidden at the time, a re-inspection may be sensible. If the 3-month validity has passed, your housing association may ask for a fresh report before it accepts the valuation again.
The report is valid for 3 months from the inspection date. Housing associations usually treat that date as strict, so if your staircase or sale is not ready to submit yet, it can be better to wait before booking. In Daventry, that matters on schemes such as Malabar, where the paperwork can move in stages.
Staircasing, final staircasing, assignment when you sell your share, re-mortgaging, and some lease extension cases can all trigger the need for a Red Book valuation. The key point is the lease, not the postcode, so a home on A425/Staverton Road can need the same report as one near Ashby Road.
In most shared-ownership cases, the leaseholder pays the valuer. That is usually true for staircasing, assignment, and re-mortgaging, although your lease or lender paperwork should always be checked first. If the housing association asks for a fresh report after expiry, it is still normally the leaseholder's cost.
Our shared-ownership valuations are turned around within 5 working days of inspection. The timing starts after the visit, so if you are juggling a nomination period on an assignment or trying to fit a remortgage window, it helps to book early in the process. Daventry homes on newer schemes can still be inspected quickly once access is arranged.
You can ask for a re-inspection if something material changed or if the valuer could not see part of the property properly. Disagreement alone is usually not enough, because the figure is set from comparable evidence and the Red Book process. If the home in NN11 has changed since inspection, tell us straight away.
Some housing associations have their own list of acceptable RICS-registered valuers, or they may ask for a different format. We work to the Red Book standard and can help check the instruction before the report is booked, which is useful when the association is particular about who signs the valuation. That can save a round of paperwork on a sale or staircase.
New Model shared ownership, introduced after 2021, can allow 1% staircasing each year. Older shared ownership schemes usually do not work that way and often require 10% minimum steps, so the lease terms matter more than the buyer's preference. If your home in Daventry is on an older scheme, the lease will usually set the rule.
Final staircasing means you buy the last share and own 100% outright. After that, the property is fully owned and you no longer pay rent on the unsold share. The valuation still matters, because it is the figure that sets the cost of the final step.
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For staircasing, final staircasing, or a new shared-ownership purchase in Daventry.
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For assignment when you are selling your share and working through the housing association nomination period.
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Shared-ownership and full ownership mortgage help for homes in NN11.
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A survey for newer homes on schemes such as Malabar or Micklewell Park.
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Move your furniture and boxes after assignment or final staircasing.
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Red Book reports for staircasing, sales, remortgages, and lease work across Daventry
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