Red Book reports for staircasing, sales, remortgages and lease extensions
Regulated
Our RICS-registered valuers produce Red Book reports for shared-ownership homes in Littlehampton, from Fitzalan Road to Anderson Way in Wick. Every report is written for housing association use, with a fixed fee and a fast 5 working day turnaround after inspection. That matters when a staircasing application or sale pack is already moving.
In a town where homedata.co.uk records an overall average sold price of £328,217 and 373 sales in the last 12 months, many shared-ownership homes sit in our £300k to £500k pricing band, so fees start from £425. Flatter stock off East Street and South Terrace tends to sit lower, while terraces near Beach Road and Fitzalan Road need a figure that matches the local evidence, not a guess. If your lease or lender has a date in mind, we can work to it.
£328,217
Overall average sold price
£480,211
Detached homes
£327,143
Semi-detached homes
£284,834
Terraced homes
£195,500
Flats
373
Sales in the last 12 months
4% down
Sold price change over 12 months
-2.3%
Asking price change over 6 months
£260,000
Hampton Park asking price
Using listing data from home.co.uk and property data from homedata.co.uk
A shared-ownership valuation is usually needed when you staircase, sell your share or remortgage. In Littlehampton, the housing association will normally want a Red Book report before it accepts the figure, because the landlord and lender both need the same number, and the leaseholder needs a report the association will accept. That is especially common where a home sits in BN17 close to Fitzalan Road, South Terrace or Wick, because the paperwork has to match the property exactly.
Staircasing means buying more shares, while final staircasing means buying the last slice and moving to 100% ownership. Selling your share is called assignment, and the landlord usually keeps a nomination period of 4 to 8 weeks before the home can be marketed openly. Lease extensions also need a fresh valuation, since the premium is based on the flat or house value at the time.
The report has a short life. Housing associations usually work to a 3 month validity window from the inspection date, so a Littlehampton owner should book near the point when the application or resale forms are ready. A stale report can slow everything down, especially if the property is on a tight timetable around Anderson Way or Beach Road.
Red Book reports are usually expected to be no more than 3 months old, and the valuer should be RICS-registered.
The valuation sets the open market figure, then the share percentage is applied. If a Littlehampton flat is valued at £195,500, a 25% share is £48,875, while a 10% slice is £19,550. That figure is what the housing association uses to price the extra share, not a number based on a quick glance at recent sales on Beach Road.
For a terraced home averaging £284,834, the extra share is still calculated from the valuer's number, not the original purchase price. A homeowner on Fitzalan Road who wants to move from 50% to 75% would be buying the extra 25%, so the share price would be £71,208.50 before fees or any lease admin charges. That is why the report matters more than a rough estimate.
Let us know if you need staircasing, assignment, remortgage or a lease extension. If your Littlehampton home is on Fitzalan Road, Anderson Way or near Beach Road, we build the booking around the address and the lease purpose.
We contact you to sort a time for the inspection. Block access in places like Caffyn's Field or Riverside Industrial Estate can take a bit of planning, so early notice helps.
Our valuer visits the home, checks size and condition, then compares it with recent local evidence in BN17 and nearby streets such as East Street or South Terrace.
The report is written under the RICS Valuation Global Standards framework and usually lands within 5 working days of inspection. That is the document your housing association, lender or solicitor will ask to see.
Send the report with your application, sale pack, or lender request. If the landlord wants a second check, the date on the report will matter, so keep the 3 month window in mind.
Shared-ownership valuations in Littlehampton are usually valid for 3 months from the inspection date. If your staircasing form, sale pack or remortgage offer is due near a deadline, book the inspection as close to the submission window as you can. A report dated too early can force you back to the start, especially when a housing association checks the date before the figure.
Littlehampton's housing mix leans on brick and flint, with Purbeck stone in places, plus plain clay tiles, slate and some pebble-dash across older streets. That matters in East Street, Fitzalan Road and South Terrace, where a shared-ownership flat or terrace may need the valuer to separate genuine market evidence from a home that simply looks different. homedata.co.uk's figures show flats at £195,500 and terraced homes at £284,834, which sits close to the sort of price band where shared ownership often appears.
Flood context also matters here. Tidal sections of Littlehampton Rope Walk, including Ferry Road and Bridge Road on the west banks of the lower tidal River Arun, sit in a flood alert area, while the East Bank around Caffyn's Field and Riverside Industrial Estate sits in a flood warning area. A valuer will not ignore that when looking at comparables, especially if the property backs onto the river side of town.
Arun district also has clay soil movement in parts, so cracking and historic movement can crop up at inspection. Littlehampton has 83 listed buildings, plus conservation areas at East Street and parts of Selborne Road, Irvine Road, Caffyn's Field, St. Catherine's Road, Beach Road, Granville Road, Lobb's Wood, Norfolk Road and South Terrace. Court Wick Park is one of the listed buildings, and new-build activity still matters too, with Rosemead Garden off Fitzalan Road, BN17 6FE due to complete in Autumn 2025 and home.co.uk listing Hampton Park in Wick, BN17 7TD and BN17 7GD from £260,000.
The open market value is the figure that sits underneath the whole report. If a Littlehampton valuer compares a flat near East Street with similar sales in BN17 and decides the market value is £195,500, that is the number your housing association uses to price the share. The same principle applies to a terrace near Beach Road or a home in Wick.
Comparable evidence does the heavy lifting. Recent sales, size, condition, lease length and the location of the home all feed into the final opinion, and a property near the River Arun may not sit in the same bracket as a similar-sized home away from the flood alert area. A disagreement is not usually enough to change the figure, though a re-inspection can make sense if the first visit missed something material or the condition changed after the inspection.
It is a Red Book valuation carried out by a RICS-registered valuer, giving the open market value your housing association or lender needs. In Littlehampton, that might be a flat off East Street, a terrace on South Terrace or a home in Wick, but the report still has to follow the RICS framework. It is not an estate-agent guess.
3 months from the inspection date. Housing associations in BN17 usually check the date first, so if your form for a Fitzalan Road staircase or a sale pack for Beach Road is not ready, it can be worth waiting a little.
Staircasing, final staircasing, assignment, remortgaging and lease extension all bring a valuation into play. If you are moving from 50% to 75%, selling your share through the landlord's nomination period, or talking to a lender, the same Red Book basis is usually needed.
Usually the leaseholder pays for the report. That applies whether the home is on Anderson Way in Wick or close to the East Street conservation area, because the landlord needs the figure but does not normally fund it.
The report is usually turned around within 5 working days of inspection. Access around blocks near Caffyn's Field or the tidal side of the River Arun can add a little coordination, but the written report itself is fast.
You can ask for a re-inspection if the property details were wrong or something material changed after the visit. A simple objection to the price is usually not enough, because the valuer's role is to compare your home with completed sales in Littlehampton, not to match a hoped-for figure.
They may reject a valuer who is not RICS-registered or not acceptable to their process. Check the scheme rules before you book, especially on older Littlehampton developments where the landlord may have its own panel or paperwork preference.
On New Model shared ownership built after 2021, 1% per year is possible. Older schemes in Littlehampton usually still work on 10% minimum steps, so the lease wording matters more than the street name. The valuation still needs to reflect the open market value at the time.
Final staircasing means buying the last share and owning 100% outright. Once that happens, you stop paying rent on the unsold share, though the lease can still carry service charge or other normal ownership costs if they apply.
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For staircasing, final staircasing and buyouts in Littlehampton, including BN17 and Wick.
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Useful for assignment sales when the housing association has finished its nomination period.
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For remortgage checks and lender paperwork tied to your shared-ownership home.
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Handy for owners who want a condition check alongside a valuation on a flat or terrace.
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For moves after sale, final staircasing or a change of home within Arun.
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Red Book reports for staircasing, sales, remortgages and lease extensions
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