Shared Ownership Valuation in Thorganby

A shared ownership valuation is a specialised RICS assessment that determines the current market value of your property and calculates the value of your specific equity share. This is distinct from a standard mortgage valuation, as it must comply with Homes England guidance and meet the requirements of your housing provider. The valuation report will provide the full market value of the property, the percentage share you currently own, and the monetary value of that share based on current market conditions in Thorganby.

Our surveyors will inspect your property inside and out, taking photographs and notes on its condition, size, and any improvements you have made since purchase. They will also consider the location, local amenities, and recent sales of comparable properties in Thorganby and the surrounding area. For properties near the River Derwent, particular attention is paid to flood risk and any insurance implications, as Thorganby is situated in a low-lying area prone to flooding from the river and surrounding dikes.

The valuation report typically includes the current full market value, the valuation of your owned share, details of the housing provider's charges, and recommendations for any remediation costs if the property requires works. This report is what you will need to submit to your housing provider when requesting permission to staircase or to your mortgage lender if you are remortgaging. Our surveyors are familiar with the various housing association requirements and will ensure the report meets all necessary criteria.

• Full market value assessment
• Equity share calculation
• RICS compliant report
• Housing provider acceptance
• Mortgage lender acceptance
• Flood risk consideration

Understanding the local market is essential for an accurate shared ownership valuation, and Thorganby presents some specific considerations. The village has seen significant price adjustments recently, with Rightmove reporting a 24% decline in sold prices compared to the previous year, while other sources indicate falls of 13-27%. This can affect the valuation of your equity share, making it important to use a surveyor who understands the local dynamics. The average property price in Thorganby now sits around £511,000-£620,000 depending on the source and property type, with detached properties commanding the highest prices at approximately £620,000.

The geography of Thorganby also plays a role in property valuations. The village sits on fertile clay and sandy loam soils, just south of the Escrick moraine, and the eastern boundary along the River Derwent is designated as flood plain. Properties in the lower-lying areas near the river and the Ings may face additional considerations from lenders and insurers, which can influence valuations. Our surveyors are local to the York area and understand these geographical factors.

Thorganby's housing stock is predominantly composed of older properties, with many buildings dating back to the 18th and 19th centuries. The village contains several notable historic properties including Thorganby Hall, built in 1822 of gault brick with a Welsh slate roof, and Yew Tree Farm, a mid-18th century pinkish-brown brick house with a pantile roof. These older properties may have specific maintenance requirements or hidden defects that our surveyors will identify during the inspection, ensuring your valuation reflects the true condition of the property.

• Flood zone considerations for riverside properties
• Age and condition of historic buildings
• Recent market price trends
• Local comparable property sales
• Conservation area restrictions
• Soil type implications