Shared Ownership Valuation in Hatton, Warrington

A Shared Ownership Valuation is a specialised assessment carried out by a RICS qualified valuer to determine the current market value of your shared ownership property. This type of valuation is specifically required by housing associations and mortgage lenders when you want to stairs your share in a shared ownership property, remortgage, or sell your interest in the property. The valuation follows strict RICS Red Book guidelines, ensuring that the figure provided is compliant with regulatory requirements and accepted by all major UK mortgage lenders and housing associations.

During the valuation, our surveyor will inspect the property internally and externally, taking note of its condition, size, location, and any improvements you have made. They will also analyse recent comparable sales in the Hatton area and consider current market conditions to arrive at an accurate market value. For properties in Hatton, our valuers are familiar with the local housing stock, from the modern homes at Hatton Grange development to the older character properties scattered throughout the village.

The final valuation report includes the market value of your property, the valuation of your share based on the equity percentage you own, and details of how this affects your stairscasing costs or potential sale proceeds. This report is typically required by your housing association to process your stairscasing application, so it is essential to use a RICS registered valuer to avoid delays.

• RICS Red Book Compliant
• Accepted by All Major Lenders
• Housing Association Approved
• Fast Turnaround Times

Hatton offers a unique property market that combines rural village charm with excellent connectivity to larger employment centres. The village has seen steady growth in property values, with a 10% increase over the past 12 months reflecting broader trends in the Warrington area. The predominant housing stock in Hatton consists of detached properties (60%), with semi-detached homes making up around 25% of the housing mix. This skew towards larger family homes influences the shared ownership market, with many properties offering substantial living space at a reduced initial purchase price.

The local geology in the Hatton area consists of Triassic sandstones and mudstones with superficial glacial till deposits. Properties built on clay-rich soils can be susceptible to shrink-swell movement, particularly during periods of drought or heavy rainfall. Our valuers are aware of these ground conditions and will factor any relevant observations into their assessment. Additionally, some areas of Hatton may have historical coal mining activity to consider, particularly for properties in the eastern parts of the village.

New build developments like Hatton Grange by Bellway on Hatton Lane offer modern properties that may appeal to first-time buyers considering shared ownership. These newer properties typically require less maintenance but may have different considerations for valuation compared to older character properties in the village. Whether your property is a modern semi-detached home or an older period property, our valuers have the local knowledge to provide an accurate assessment.

Staircasing allows shared ownership leaseholders to purchase additional shares in their property, leading to full ownership. In Hatton, where property values average around £495,000, staircasing can be an attractive option for those looking to increase their equity and reduce the rent paid on the unowned portion. However, the cost of staircasing is directly linked to the market value of your property at the time of the transaction, making an accurate RICS valuation essential.

The percentage of additional share you can purchase typically ranges from 5% to 25% at a time, depending on your lease terms and housing association policies. Your valuation determines the price you pay for each additional percentage. With property prices in Hatton having increased by 10% over the past year, the cost of staircasing may have changed significantly since you first purchased your share. Our valuers provide detailed reports that break down the valuation by percentage, helping you understand exactly what staircasing will cost at current market rates.

It is worth noting that some shared ownership leases have restrictions on staircasing, such as limits on the maximum share you can purchase or requirements around minimum property values. Our experienced valuers can advise on any specific considerations for your property and help you navigate the staircasing process with confidence.