There is no prescriptive way in which to value any property: the approach is entirely down to the valuer. This section demystifies the number crunching. The examples illustrate the many different scenarios a valuer may encounter (such as leasehold, over-rented property, ground leases, profit rent, development appraisals, land, profits, and synergistic value) and the different techniques that may be employed (such as the traditional investment approach, the investment cash flow approach, depreciated replacement cost).
Each calculation is clearly set out and the jargon-free commentary highlights points of interest and danger areas. A handy valuer's crib sheet is provided.