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How much is a RICS valuation?

Article by Blaker Collins

a row of terraced houses in the uk. Blue sky in the backgroun

Wondering how much a RICS survey costs in the UK? You’ve landed at the right place! In 2023, a UK house survey ranges from as affordable as £290 to a more premium £1,390. The cost varies depending on the type of survey and the value of your property. Now, let’s not stop here – jump in and let’s explore this world of property surveys together.

Average House Survey Costs in the UK

Before we jump into the meat and potatoes, let’s lay down some basics. The average cost of a house survey in the UK is somewhere between £380 and £800. “But wait, how does it vary?”, I hear you ask. Well, it depends on the type of survey you select. To give you a quick taste:

  • A RICS Valuation will gently take £320 from your pocket.
  • A RICS Level 1 Survey (Condition Report) comes in at a pleasant £380.
  • A RICS Level 2 Survey (HomeBuyer Report) stands at a fair £500.
  • And finally, a RICS Level 3 Survey (Building Survey) lands at around £800.

Not too shabby, right? But we’ve got a lot more to uncover.

House Survey Costs by Property Value

Now, here’s where things get a bit more interesting. The cost of your house survey is heavily influenced by the value of your property. In simple terms, the more your property is worth, the more the survey will cost. Allow me to break it down:

Property ValueRICS ValuationLevel 1 SurveyLevel 2 SurveyLevel 3 Survey
Up to £100,000£220£290£380£630
£100,001 to £200,000£280£290£420£700
£200,001 to £300,000£320£380£500£800
*Prices may vary – this is only a general overview

So, the higher the value of your property, the more you’ll need to dish out for that survey. But hey, it’s all part of the great adventure of property buying, right?

What is a RICS Valuation and Why is it Important?

Now, let’s put a face to the name. What is a RICS valuation anyway? Well, it’s your trusty guide in the wilderness of property buying. A RICS valuation is an impartial, reliable valuation of your property conducted by an expert approved by the Royal Institute of Chartered Surveyors (RICS). This isn’t some rinky-dink operation – RICS is a global professional body committed to maintaining high international standards in property-related fields.

In other words, a RICS valuation is your lighthouse in the stormy seas of property buying, providing a clear, unbiased, and professional opinion based on local knowledge and sound understanding of construction standards. Pretty handy, don’t you think?

How to Obtain the Best RICS Valuation for Your Property

Now that you’ve got a good grip on what a RICS valuation is, you’re probably wondering how to get the most accurate one for your property. Well, it’s all about communication. Providing the surveyor with as much information as possible is crucial. Think of it as a friendly chat over a cup of tea.

Meet your surveyor on-site and make sure they have full access to your property. Answer all their questions as truthfully as you would in a game of truth or dare. Discuss all improvements made to the property – did you add a solarium or a fancy new ensuite bathroom? Let themknow!

Tell them about your purchase history, the context in which you bought the property, and any comparable evidence you have. Did the Joneses next door sell their place recently for a decent price? This is your chance to drop some neighbourly gossip! If prices in your street have risen more than most for a specific reason, let your surveyor know. Every little detail helps!

Oh, and don’t forget to hand over any valuations you’ve had from estate agents, which might contain nuggets of local knowledge. By doing so, you’re helping your surveyor build a complete picture, which in turn will result in a more accurate valuation.

Wrapping Up

We’ve travelled a long way together on this RICS survey journey. You now know that a RICS survey in the UK can cost anywhere from £290 to £1,390, depending on the type of survey and the value of your property. But remember, a good survey is worth its weight in gold, helping you avoid those nasty wallet-destroying mistakes that can crop up in the property-buying process. So, it’s safe to say that a RICS survey isn’t just a cost, it’s an investment in peace of mind.

Now, wasn’t that a hoot? We’ve done the maths, covered the basics, explored the details, and even thrown in some wit along the way. So next time someone asks you, “How much is a RICS survey?”, you can confidently say, “Well, let me tell you a story…”.

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Customer Reviews

AnnieC 08/02/22

Very professional but also very calm and kind advice. My house purchase was not subject to a mortgage so this was a first for me to source my own House Survey. Sophie was very approachable and explained things clearly and in a Jargon free way without being condescending. She kept me updated throughout. I recommend this company for home surveys.

Alice 10/02/22

I was in contact with both Sophie and Gavin - I found them both to be extremely helpful and efficient. I wouldn’t hesitate to use Blaker Collins again and would recommend them to anyone looking for a homebuyers survey! Thank you both!

HG 13/02/22

Very professional, thorough and detailed report. No stone left unturned and Sophie was able to give us a verbal summary over the phone immediately to address main points. Very happy!

Hannah James 17/02/22

Sophie has been very quick at getting back to me and super helpful and clear in terms of the findings of the survey. Would highly recommend using Blaker Collins.

Harry 04/03/22

Great communication and speedy turnaround on the report!

Rory Golding 22/03/22

Very friendly, helpful and professional company and very good customer service ! We recommend highly