Shared Ownership Valuation in GU6

A shared ownership valuation is a specialist assessment carried out by a RICS registered valuer to determine the market value of your share in a shared ownership property. Unlike a standard mortgage valuation, this report calculates both the full open market value of your property and the value of your specific equity share, which is essential for any transaction involving your shared ownership home.

Whether you are staircase purchasing (buying additional shares to increase your ownership percentage), selling your share on the open market, or remortgaging your property, your housing association and mortgage lender will require this official valuation. The report must be conducted by a RICS registered valuer to be valid, ensuring the valuation is independent, transparent, and compliant with industry standards.

In the GU6 area, with property values ranging from £250,000 for flats to over £900,000 for detached homes, getting an accurate valuation is crucial. Properties in this area have seen steady growth, with a 0.8% increase over the last 12 months, making professional valuation essential for any planned transaction. Our valuers draw on their local knowledge of the GU6 market to ensure your valuation reflects current conditions accurately.

The GU6 area has a diverse housing stock, with approximately 45% detached properties, 30% semi-detached, 16% terraced, and 9% flats. Understanding the composition of your neighbourhood helps us benchmark your property appropriately against similar homes that have sold in the area over recent months.

The GU6 postcode presents unique considerations for property valuations. The area is characterised by a mix of traditional brick-built properties, with many homes constructed using red or yellow stock bricks, alongside newer developments. The geology of the region, primarily Weald Clay, means that some properties may experience minor settlement issues or shrink-swell movement, particularly during periods of drought or heavy rainfall. Our valuers are trained to identify and account for these local geological factors when assessing your property.

Rudgwick, a key village within GU6, has its own Conservation Area, and there are numerous listed buildings throughout the postcode. If your shared ownership property is a period home or falls within a conservation area, this can affect both its value and the requirements for any modifications. Our valuers understand these local heritage considerations and factor them into every assessment.

Flood risk is another consideration in parts of GU6, particularly properties near the River Arun and its tributaries. While not all properties are affected, low-lying areas may see these environmental factors impact valuation. The combination of these local elements means that a generic online estimate will never be as accurate as a professional on-site valuation from a valuer who knows the GU6 area.

The age distribution of properties in GU6 also varies significantly, with approximately 20% built pre-1919, 15% between 1919-1945, 35% between 1945-1980, and 30% post-1980. This mix means that different properties may present different challenges during the valuation process, from outdated electrical systems in older homes to modern construction methods in newer builds.

Our valuers are trained to spot common defects that affect properties throughout the GU6 area. In older properties, which make up around 35% of the housing stock, we frequently encounter issues with dampness, both rising and penetrating damp. This is particularly common in properties with solid walls or those that have been poorly maintained over the years.

Timber defects are another concern in the area, with rot and infestation affecting many pre-war properties. The timber frame construction method used in older buildings, combined with potential damp issues, creates conditions conducive to woodworm and dry rot. Our valuers will note any visible signs of timber damage during the inspection.

Given the Weald Clay geology underlying much of GU6, we also watch for signs of subsidence or settlement cracking. Properties with shallow foundations or those that have experienced drought conditions may show hairline cracks or movement. While usually minor, these issues can affect both the valuation and any future mortgage arrangements.

Many properties in GU6 also have outdated plumbing and electrical systems, particularly those built before 1980. While not always visible during a basic inspection, these hidden defects can impact the overall value and should be considered by any prospective buyer or mortgage lender.