Shared Ownership Valuation in WA3

A shared ownership valuation is specifically designed for properties purchased through shared ownership schemes, where you buy a percentage of the property and pay rent on the remaining share. In the WA3 area, which has seen house prices increase by 6% over the past year, obtaining an accurate valuation is essential whether you are looking to purchase additional shares through staircase, sell your share on the open market, or remortgage your existing share. The valuation process differs from a standard mortgage valuation because it must determine the full market value of the property as well as the value of your specific share.

Our RICS valuers in WA3 are experienced in assessing properties across all housing types in the area, from modern semi-detached homes in Birchwood to terraced properties in Lowton and new build developments in areas like Golborne and Croft. The WA3 postcode covers a diverse range of property types, with semi-detached properties comprising a significant portion of sales in the £200,000 to £260,000 range, while detached properties in areas like Rixton and Croft command higher values averaging over £400,000.

The valuation report we provide complies with RICS standards and is accepted by all major housing associations operating in the North West region. This includes detailed analysis of comparable sales in the local area, market trends affecting the WA3 property market, and specific guidance on the value of your share based on the current housing association lease terms. Our valuers take into account the unique characteristics of shared ownership properties, including any restrictions on staircasing or subletting that may affect the property's marketability.

• Full market value assessment
• Share value calculation
• Comparable sales analysis
• RICS compliant report
• Accepted by all major lenders
• Turnaround within 5-7 days

We provide shared ownership valuations throughout the WA3 postcode area, covering all major residential areas. In Birchwood, we value properties in established residential estates and near the shopping centre, where properties typically sell in the mid-range for WA3. Lowton properties are popular with families looking for good schools and transport links, with terraced and semi-detached homes being particularly common. Golborne offers a mix of older period properties and newer developments, while Croft is known for more substantial detached homes.

The WA3 area has seen significant new build activity, with developments at Dalby Close, Nook Lane, and Sandfield Close bringing modern properties to the market. New build prices in the area range from around £215,000 for smaller properties up to £800,000 for premium homes in developments like Stone Pit Lane in Croft. Whether your shared ownership property is a modern flat in Birchwood or a terraced house in Lowton, our valuers have the local knowledge to provide an accurate assessment.

The WA3 property market has shown resilience with a 6% increase in house prices over the last year and a 21% increase over the past five years according to recent data. With 554 properties sold in the last 12 months, the market remains active, and our valuers stay up to date with the latest transactions to ensure your valuation reflects current market conditions. This growth has significant implications for shared ownership owners looking to staircase or sell their share, as increased property values mean greater potential equity.