Shared Ownership Valuation in Pott Shrigley

Our shared ownership valuations in Pott Shrigley provide a comprehensive assessment of your property's current market value, which is essential for calculating the price of additional equity shares. When you staircase (increase your ownership share), the housing association requires an independent RICS valuation to determine how much you need to pay for that additional percentage. We ensure all valuations comply with RICS Red Book standards and meet the specific requirements of housing associations operating in the Cheshire East region, including Gecko Homes and Torus Homes.

The valuation report includes a detailed inspection of your property, taking account of its size, condition, location, and any unique features that may affect value. For properties in Pott Shrigley, our surveyors consider factors such as the proximity to the Peak District National Park boundary, flood risk areas near Bakestonedale Brook, and the impact of listed building status where applicable. The report provides the exact market value figure that housing associations require for staircasing calculations, typically done in increments of 5% or 10% depending on your lease terms.

We understand that shared ownership properties in rural villages like Pott Shrigley can present unique valuation challenges. Many properties here are constructed from locally sourced Kerridge sandstone with stone-slate roofs, and the historic nature of the housing stock means our surveyors pay particular attention to construction quality, maintenance requirements, and any preservation obligations that may affect value. Our team has extensive experience valuing properties across the Cheshire East area and understands how the age of properties (many dating from the nineteenth century) can impact their market value.

When valuing shared ownership properties in this area, we also consider the local geological conditions. The underlying geology includes shale with inter-bedded limestone and outcrops of Coal Measures, which historically supported coal mining and stone quarrying industries in the village. While modern Pott Shrigley maintains a peaceful rural character, these historical activities can have implications for property valuations, and our surveyors assess each property individually for any potential subsidence risks or ground stability concerns that might affect the market value.

• Market value assessment
• RICS Red Book compliance
• Housing association acceptance
• Staircasing calculations
• Remortgage valuations
• Help to Buy compliance

Properties in Pott Shrigley exhibit distinctive characteristics that our surveyors take into account during valuations. The village is renowned for its traditional stone buildings, predominantly constructed from locally sourced Kerridge sandstone with characteristic stone-slate roofs. Many properties date from the nineteenth century or earlier, with farmhouses, farm buildings, and cottages forming the bulk of the historic housing stock. The presence of 19 listed buildings in the parish, including one Grade I and one Grade II* listed building (Shrigley Hall), means some properties may have preservation restrictions that affect their market value.

The local geology presents specific considerations for property values in the area. The underlying geology includes shale with inter-bedded limestone and outcrops of Coal Measures, which historically supported coal mining and stone quarrying industries in the village. While modern Pott Shrigley maintains a peaceful rural character, these historical activities can have implications for property valuations, and our surveyors assess each property individually for any potential subsidence risks or ground stability concerns. Properties with older foundations or those built near former quarry sites may require additional investigation.

Flood risk is another factor specific to the Pott Shrigley area that our valuers consider. The Bakestonedale Brook runs through the village, passing under the school through a culvert and joining the Harrop Brook. Some land within the Conservation Area has been identified as being within a flood risk zone, and a local flood mitigation project involving the installation of leaky dams and tree planting has been undertaken to reduce risk to downstream properties. Properties closer to water courses may require additional consideration during the valuation process, and our surveyors will note any relevant flood risk in the valuation report.

The Peak District National Park boundary runs through the village along Bakestonedale Road and Shrigley Road, which affects planning restrictions for certain properties. Properties at the road junction opposite St Christopher's Church and at Pott Mill are outside the National Park but within the Conservation Area, under the jurisdiction of Cheshire East Council. These planning considerations can impact property values, and our local surveyors understand how conservation area status and National Park boundaries affect market value in this area.

Properties in Pott Shrigley, given their age and traditional construction methods, can present specific defects that our surveyors identify during valuations. Many properties are constructed from Kerridge sandstone, which while durable, can suffer from weathering and mortar erosion over time. Stone-slate roofs, characteristic of the area, require regular maintenance and may develop issues with slipped slates or deteriorating leadwork. Our surveyors inspect these elements carefully as part of the valuation process.

Damp issues are common in older stone properties, particularly those without modern damp proof courses. Rising damp can affect ground floor walls, while penetrating damp may occur where stone pointing has deteriorated. Properties with historic timber frames may also experience woodworm or rot, particularly where ventilation is poor. Our surveyors assess all these factors when determining the property's condition and market value.

Given the local geology that includes clay-rich shale, properties in certain areas may be susceptible to ground movement and subsidence. Historical coal mining in the area adds another consideration, as some properties may have been built over former mine workings. While not all properties are affected, our surveyors check for signs of structural movement, cracking, or other indicators that might suggest ground stability issues. These factors are reflected in our valuations where appropriate.