RICS Chartered Surveyors specialising in shared ownership property valuations across Somerset
Regulated
If you own a shared ownership property in Taunton or are looking to purchase through a shared ownership scheme, you need a RICS qualified surveyor to provide an accurate property valuation. Whether you are staircasing to increase your share, selling your share, or simply need a mortgage valuation, our experienced chartered surveyors in Taunton deliver comprehensive valuations that meet all legal and lender requirements. We understand that shared ownership adds layers of complexity that you won't find in standard property transactions, and we guide you through every step of the valuation process.
Taunton's shared ownership market has grown significantly in recent years, with developments like Orchard Grove in Comeytrowe and Killams Park offering affordable routes to home ownership. We provide valuations for all shared ownership properties across the Taunton area, from the town centre to surrounding villages including Trull, Monkton Heathfield, and Cotford St Luke. Our team understands the local market dynamics and can accurately assess the market value of your property and the percentage share you own. We have inspected properties across all TA postcodes including TA1, TA2, TA3, and TA4, giving us unmatched local knowledge of how each area affects property values.
When you book a valuation with us, you are working with surveyors who actually visit properties in your area every week. We know the difference between a property on the slopes of the Quantocks versus one near the River Tone flood plain. We understand how the conservation restrictions in areas like The Crescent and Vivary Park affect marketability. This first-hand experience means we can spot issues that affect value and provide you with a valuation you can truly rely on when making major financial decisions about your home.
£282,869
Average House Price
+2%
Annual Price Change
4,440
Property Sales (12 months)
5+
New Build Developments
A shared ownership valuation is a specialized type of property assessment required by housing associations, mortgage lenders, and shared ownership schemes. In Taunton, where the average property price sits around £282,869, understanding your property's full market value and the value of your specific share is essential for making informed decisions about staircasing or selling your share. Unlike standard mortgage valuations, a shared ownership valuation provides a detailed breakdown of the property's total market value and the proportionate value of the share you own. This matters because housing associations use these figures to calculate exactly how much you pay when buying more shares or how much you receive when selling.
The valuation process involves a RICS qualified surveyor inspecting the property and comparing it with similar properties that have recently sold in the Taunton area. Our surveyors have extensive knowledge of local property values, including developments like Orchard Grove where properties range from £285,000 to £375,000 in full market value. We also consider factors specific to shared ownership properties, such as the terms of your lease, the remaining lease term, and any restrictions imposed by the housing association. This includes understanding how LiveWest, Abri Homes, and Sanctuary Housing each structure their schemes differently, which can affect the valuation figure your report shows.
Common reasons for requiring a shared ownership valuation in Taunton include staircasing (buying additional shares in your property), selling your share on the open market or back to the housing association, remortgaging your share, and reaching the end of your mortgage term. Each of these scenarios requires a specific type of valuation report, and our team can advise you on exactly what you need. We work with all major housing associations operating in the Taunton area, including LiveWest, Abri Homes, and Sanctuary Housing. If you are unsure which type of valuation you need, simply call our team and we will guide you to the right service for your circumstances.
Source: Zoopla 2024-2025
Choose a convenient date and time for your property inspection. We offer flexible appointments across Taunton and the surrounding areas, including evenings and weekends if needed. Simply book online or give our team a call, and we will arrange a time that works for your schedule. We can usually accommodate inspections within 3-5 working days of your booking.
Our RICS chartered surveyor will visit your property to conduct a thorough inspection. They will assess the property's condition, size, layout, and any unique features that may affect its value. The inspection typically takes between 30 minutes and an hour depending on the property size. Our surveyor will photograph relevant features, measure rooms, and note any issues that could impact the valuation, such as signs of damp, structural movement, or recent alterations.
We compare your property with similar properties that have recently sold in the Taunton area. Our surveyors use their local market knowledge, including data from developments like Orchard Grove and Killams Park, to determine an accurate market value. We analyze sales data from the TA1, TA2, TA3, and TA4 postcodes, considering factors like property type, size, condition, and location. This local knowledge is crucial in a town where property values can vary significantly between neighbourhoods just a mile apart.
Your valuation report will be delivered within five working days of the inspection. The report includes the property's full market value, the value of your share, and all the details required by your housing association or mortgage lender. Our reports are accepted by all major lenders and housing associations, and we provide clear explanations of every figure in the report so you understand exactly how we arrived at the valuation.
If you are considering staircasing to increase your share in a Taunton property, it is worth noting that the minimum staircasing increment is typically 10%. At Orchard Grove, for example, LiveWest offers properties with 35% or 40% initial shares, giving you flexibility to purchase additional shares over time. Getting a valuation before staircasing helps you understand exactly how much additional equity you will gain. With Taunton house prices rising around 2% annually, staircasing now could mean your extra share appreciates in value before you even complete the purchase.
Taunton has several active shared ownership developments that our surveyors regularly value. Orchard Grove, located on Egremont Road in the Comeytrowe area, is a popular development by Taylor Wimpey and Bovis Homes in partnership with LiveWest. Properties here include 2, 3, 4, and 5-bedroom homes with full market values ranging from £285,000 to £375,000. The development is situated on the south-west side of Taunton, close to local schools and amenities, making it ideal for families looking to get onto the property ladder. The TA4 postcode area has seen significant growth, with some sectors experiencing price increases of nearly 30% in the past year.
Killams Park, developed by Summerfield Homes in partnership with Abri Homes, offers another shared ownership option in Taunton. Located on the south-east side of town, this development features 3-bedroom detached and semi-detached houses with full market values around £280,000. Properties at Killams Park are available with 40% equity shares, meaning purchasers typically pay around £112,000 for their initial share while paying rent on the remaining 60%. The development is well-regarded for its family-friendly atmosphere and proximity to good schools in the TA3 area.
We also value properties at Hartnells Farm in Monkton Heathfield, developed by Persimmon Homes, where 2, 3, and 4-bedroom houses are available from £229,995 to £415,000. Additionally, the new Cotford St Luke development by Lovell Partnerships is beginning to offer shared ownership options, with properties about five miles from Taunton centre in the TA4 postcode area. Whether your property is a new build or a resale shared ownership home, our surveyors have the expertise to provide an accurate valuation that reflects current market conditions.
Our team of RICS chartered surveyors has extensive experience valuing shared ownership properties throughout Taunton and Somerset. We understand the unique complexities of shared ownership valuations, including how lease terms, housing association restrictions, and market conditions affect property values in the area. Every valuation report we produce meets the rigorous standards set by RICS and is accepted by all major UK mortgage lenders and housing associations. We have built relationships with the local housing associations, understanding their specific requirements and ensuring our reports contain all the information they need.
When you book a valuation with us, you benefit from our local expertise. Our surveyors know the Taunton property market inside out, including recent sales data from developments like Orchard Grove and Killams Park, as well as broader market trends across the TA1, TA2, TA3, and TA4 postcode areas. We provide clear, comprehensive reports that explain exactly how we arrived at our valuation, giving you confidence in the figures. Unlike automated valuations or remote assessments, we physically inspect every property, ensuring that unique features, local issues, and actual property condition are all reflected in the final valuation.
A shared ownership valuation involves a physical inspection of the property to assess its overall condition, size, and layout. The surveyor then compares the property with similar properties that have recently sold in the Taunton area to determine the full market value. We look at comparable sales across the TA1 to TA4 postcodes, considering factors like property type, bedroom count, and location. The report also calculates the value of your specific share based on the percentage you own, which is essential for staircasing decisions or selling your share. We also note any issues that might affect value, such as the property being in a flood risk zone near the River Tone or within a conservation area.
Our shared ownership valuations in Taunton start from £199 including VAT. The exact cost depends on the type of valuation you need and how quickly you require the report. Priority valuations for urgent staircasing deadlines are available from £299. All our prices are fixed with no hidden fees, and we provide a clear quote before proceeding. The price reflects the additional complexity of shared ownership valuations compared to standard mortgage valuations, as we must calculate both the full market value and the proportionate share value.
The property inspection typically takes between 30 minutes and an hour, depending on the size and complexity of the property. We aim to deliver your valuation report within five working days of the inspection. For urgent requirements, we offer a priority service that can deliver reports within 2-3 working days. In busy periods, we recommend booking as early as possible to secure your preferred inspection date, particularly if you have a deadline from your housing association.
Staircasing is the process of buying additional shares in your shared ownership property. In Taunton, most housing associations allow you to staircase in minimum increments of 10%. To determine how much you need to pay for additional shares, you need a current market valuation of your property. This ensures you pay the correct price based on the property's present market value. With Taunton property prices having risen by around 2% recently, a current valuation is essential to ensure you are not overpaying or underpaying for additional shares.
Yes, you can sell your share in a shared ownership property. Typically, you have two options: selling on the open market to another buyer who meets the housing association's eligibility criteria, or selling back to the housing association at a discounted rate. A shared ownership valuation is required in both cases to determine the value of your share. The open market route typically yields a higher value for your share, while selling back to the housing association offers a quicker, more certain process but usually at a lower price. We can provide valuations for either scenario.
Property values in Taunton have increased by approximately 2% over the last twelve months, with some areas like TA2 7 seeing growth of nearly 30%. If your property has increased in value, staircasing will cost more but you will own a more valuable asset. If values have decreased, your share will be worth less. A current valuation gives you an accurate picture of where you stand. It is worth noting that even in a rising market, individual properties can vary based on condition, location, and specific factors like flood risk or conservation area restrictions.
Yes, several local factors can affect property values in Taunton. Properties in flood risk areas near the River Tone may face higher insurance costs, which can impact market value. Properties in conservation areas like The Crescent, Vivary Park, or Castle Green may have restrictions on alterations that affect their appeal to certain buyers. The clay-rich soil in parts of Taunton can cause subsidence issues in older properties, particularly during dry summers. Our surveyors check for all these factors during the inspection and reflect them appropriately in your valuation report.
Several unique factors influence property values across Taunton and the surrounding areas. The town sits on clay-rich soils, which can lead to subsidence issues in older properties, particularly during dry summers when the ground shrinks. Our surveyors check for signs of subsidence or structural movement during every valuation inspection, as these issues can significantly affect property values and may require specialist reports. Properties near mature trees, particularly those with shallow roots, are especially susceptible to clay shrinkage subsidence. We have seen several properties in areas like Trull and Monkton Heathfield affected by this issue in recent years.
Flood risk is another important consideration for Taunton properties. The town has experienced several significant flooding events from the River Tone and its tributaries, particularly in areas around North Town and Station Road. Properties in flood-risk zones may be subject to higher insurance premiums, which can affect their market value. Our surveyors note any flood risk factors during the inspection and reflect these in the valuation. According to recent data, around 1,031 properties in Taunton are currently at risk from river flooding, a number projected to rise significantly due to climate change. If your property is in a flood zone, this will be clearly noted in your valuation report.
Taunton's conservation areas also affect property values. The town has numerous designated conservation areas, including Taunton Castle Green, The Crescent, and Vivary Park, where properties may be subject to additional planning restrictions. Properties in these areas often have unique character that can add value, but any alterations or extensions may require listed building consent. Our surveyors are familiar with these designations and consider them when valuing properties in Taunton. The former Taunton Deane district has 118 Grade II* listed buildings, reflecting the area's rich architectural heritage.
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RICS Chartered Surveyors specialising in shared ownership property valuations across Somerset
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Homemove is a trading name of HM Haus Group Ltd (Company No. 13873779, registered in England & Wales). Homemove Mortgages Ltd (Company No. 15947693) is an Appointed Representative of TMG Direct Limited, trading as TMG Mortgage Network, which is authorised and regulated by the Financial Conduct Authority (FRN 786245). Homemove Mortgages Ltd is entered on the FCA Register as an Appointed Representative (FRN 1022429). You can check registrations at NewRegister or by calling 0800 111 6768.
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