What is a RICS Red Book Valuation

What Is a RICS Red Book Valuation? – A Guide by WBC Valuations Ltd

If you're buying or selling a property, applying for a mortgage, settling a dispute, or managing an estate, an accurate and reliable property valuation is crucial. At WBC Valuations Ltd, we specialise in RICS Red Book Valuations across Hereford, Shrewsbury, Tewkesbury, Gloucester, Cheltenham and Kidderminster.

But what exactly is a Red Book Valuation, and why is it so important?

What Is a RICS Red Book Valuation?

A RICS Red Book Valuation is a professional property valuation carried out in accordance with the Royal Institution of Chartered Surveyors (RICS) Valuation – Global Standards, commonly referred to as the "Red Book."

This type of valuation is designed to provide a consistent, transparent, and compliant approach to valuing land and property, whether for residential, commercial, or agricultural purposes.

At WBC Valuations, our RICS-registered valuers are fully qualified to deliver Red Book valuations across Herefordshire, Gloucestershire, and Shropshire, including Shrewsbury, Gloucester, Cheltenham, and Kidderminster.

RICS Redbook valuations are the global standard in valuations.

When Is a Red Book Valuation Required?

A RICS Red Book Valuation may be required for a wide range of purposes, including:

• Probate and Inheritance Tax (HMRC-compliant valuations)

• Capital Gains Tax assessments

• Matrimonial or divorce settlements

• Shared ownership or Help to Buy redemption

• Company accounting and financial reporting

• Property disputes or litigation

• Acquisition and disposal decisions

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In areas like Hereford, Tewkesbury, and Kidderminster, these valuations are essential for legal, tax, and financial accuracy — ensuring your interests are protected and recognised by lenders, courts, and HMRC.

How Is a Red Book Valuation Different from an Estate Agent Valuation?

Unlike informal valuations from estate agents, a Red Book Valuation is:

✅ Carried out by a RICS-registered valuer

✅ Impartial and evidence-based

✅ Fully compliant with international and UK valuation standards

✅ Accepted by legal professionals, banks, and HMRC

If you need a formal valuation in Gloucester or Shrewsbury for legal or tax purposes, a Red Book Valuation from WBC Valuations is the correct and recognised approach.

RICS Redbook valuations can be used for a number of different purposes

What Does a Red Book Valuation Include?

Your Red Book report will include:

• A detailed inspection of the property

• Analysis of comparable evidence from recent sales

• Assessment of location, condition, and market influences

• A clear market value, as defined by RICS standards

• Full documentation of the methodology used

All our reports meet the high standards required under RICS Valuation Global Standards 2023.

Why Choose WBC Valuations Ltd?

At WBC Valuations Ltd, we pride ourselves on providing professional, independent Red Book Valuations across:

📍 Hereford – for rural properties, probate valuations, and land📍 Shrewsbury – for historic homes and matrimonial matters📍 Tewkesbury – for Help to Buy redemptions and shared ownership📍 Gloucester – for urban and commercial property valuations📍 Kidderminster – for inheritance tax and HMRC-compliant assessments

Our team has deep local market knowledge, ensuring each valuation is not only RICS-compliant but also rooted in real-world insight.

Book a RICS Red Book Valuation Today

If you're looking for a qualified property valuer in Hereford, Shrewsbury, Tewkesbury, Cheltenham, Gloucester, or Kidderminster, WBC Valuations Ltd is your trusted local specialist. We provide accurate, timely reports that you can rely on — whether for tax, legal, or financial purposes.

📞 Contact us today to speak with a RICS-registered valuer or to schedule a Red Book Valuation.