CRN 63466 / CRN 63467 Statutory Valuation Level 7 Assessment Brief 2026 | USM

CRN 63466 / CRN 63467 Assessment Brief 2026

To be used for all types of assessment and provided to students at the start of the module. Information provided should be compatible with the detail contained in the approved module specification

Assessment Task Details and Instructions

TASK A

You are instructed by the claimants of Property A to advise them in connection with a confirmed Compulsory Purchase. The Acquiring Authority announced a major redevelopment scheme in Midtown in April 2024 and have steadily moved forward in acquiring property to assemble the redevelopment site since this date prior to a Compulsory Purchase Order (CPO) being confirmed. The CPO was confirmed on the 20th August 2025.

The Acquiring Authority require possession of Property A by 1st September 2026.

Taking account of all the information provided and adding any necessary assumptions advise upon the likely compensation payable to the claimant (or components of claim where a figure cannot be derived).

PROPERTY A comprises

CLAIMANT – Hobson’s Engineering (Freeholder)

Two commercial workshops known as Unit 1 and Unit 2 Boundary Industrial Estate. The building is of typical brick construction, northern roof lights with steel cladded fronts,

Unit 1 Owner occupied 4,000 sq ft (GIA)

Unit 2 3,200 sq ft (GIA). Let to Fix Up Your Car Limited on FRI terms for 9 years commencing 1st April 2022 with 3 yearly rent reviews.  Current rent passing £10,000 per annum.  The April 2025 rent review was not carried out as the tenant had complained about the uncertainty of their business due to the CPO.

Hobson’s Limited wish to relocate and have identified a relocation premises, which comprises 12,000 sq ft situated three miles from the subject site.  The asking price is £700,000 although the roof requires immediate repair. The freeholder would like to retain their tenant in the relocation premises and the tenant has agreed although they would like to take the opportunity to move into larger premises so that they may expand their business.

Nature of Businesses

Hobson’s Ltd: Manufacturer of steel parts for Electric vehicles.  The business has three major clients and relies upon six sophisticated machines working 24 hours a day, seven days days per week.

Please note:

A large order worth £3.0M has just been received by your client with a deadline of 31st October 2026 for delivery and they would like to stay in occupation of their existing premises until at least the 1st April 2027.

Supplementary Information

PROPERTY A FREEHOLDER:

List of Evidence/Suggested Costs

1. Relocation of Machines

Quote 1 – Remove and re-install     £200,000

Quote 2 – Remove and re-install including 24-hour breakdown call for 6 months      £300,000

A Plant and Machinery Specialist has advised that there is a possibility that the machines may not function properly if they are not properly installed or serviced when re-located

Plant and Machinery Valuer Fee         £9,000

2. The cost of buying reconditioned machines (as an alternative to removing current machines)  £600,00

3. Staff training on new machines      £12,000

4. General Removal Costs     £15,000

5. Urgent Roof Repairs to the relocation building £25,000

6. Renovation costs for relocation premises to convert the building into two units.  One for owner occupation, the remainder for the tenant. Each unit will comprise 6,000 sq ft (GIA) £250,000

7. Installation of IT equipment, telephones, etc., to both units £24,000

8. Publicity Costs (Newspaper Advertisements, TV advertisement)  And New Web site     £8,000

 9.  CCTV and alarm systems    £15,000

10. Staff Over time 500 hours at £20/hr    £10,000

11. Surveyor’s fees (claim, surveys of new premises, etc.) £275/hour

12. Legal fees (conveyancing for sale and purchase)   £20,000

13. Temporary loss of profits (estimated)  £40,000

14. Shadow Period Losses   £31,345

15. Signage for new premises, repainting vehicles, etc. £15,000

16. Cost of Building Regulations Fees for internal works £5,000

17. Medical expenses due to the stress caused by the CPO (Doctor’s note provided)        £7,200

18. Re-opening launch event  £3,000

19. Post Possession Losses  £TBA

Other Issues

Hobson’s Ltd have requested an advance payment upon submission of the claim in the sum of £500,000 to be able to proceed with the purchase of the new premises

Fix up Your Car Limited have just been fined for breach of Driving Standards Agency Regulations

Comparable Transactions

1. Industrial premises comprising 3,500 sq ft let on the 1st March 2025 on FRI terms for 3 years at a rent of £18,375 p.a.  Situated 0.25 miles from the subject property and is of similar construction type and condition.

2. Industrial premises comprising 9,000 sq ft let on the 25th August 2024 on FRI terms for 5 years with no reviews at a rent of £40,500 p.a.  Situated on the same estate as comparable 1.

3. Industrial premises comprising 17,500 sq ft situated two miles from subject site let at £61,250 (FRI terms) from 30th January 2025 for 6 years.  The freehold has recently sold for £875,000.  Premises in comparable condition to subject property.

You are asked to prepare a Report and Claim schedule for your clients which would form the basis of the claim. You will be provided with additional information to assist with this Coursework as lectures are delivered.

TASK B

Provide a brief Report to a client who has asked you what the difference is between Statutory and non-Statutory valuation, in particular in connection with how non-domestic taxation works.

TASK C

Provide Asset Valuations for the following assets:

1. An industrial unit which is over-rented. Rent passing is £24,000pa with a Market Rent of £14,000pa. Tenant is considered a weak covenant. The property is located in Salford.

2. A School comprising 2,400sqm situated over two floors built of stone in 1845. The School has two extensions, one built in 1975 of traditional brick/block comprising 200sqm and the other which forms a high specification modular building to house a swimming pool. This comprises 225sqm. The playing field is 0.45hectares and there is an outdoor Sports Pavilion comprising 175sqm of concrete frame construction built in 1980. There are also three stone built storage buildings built at the same time as the main school. The School accommodates 600 pupils.

How to Submit

For coursework assessments only: students with a Reasonable Adjustment Plan (RAP) or Carer Support Plan should check your plan to see if an extension to this submission date has been agreed.

This assignment MUST be submitted electronically through Turnitin®. By submitting the coursework on Turnitin®, you consent (insofar as your consent is needed) to the following:

a) The University will submit your assessments (including details of your name and course details) to the Turnitin® service so that your assessments can be compared with the database of works that is maintained by the Turnitin® service and that is drawn from various sources including the internet; and

b) Your assessments may be stored in that database of works indefinitely (or until the University stops using the Turnitin® service and requests their deletion) to help protect your assessments from future plagiarism. Where there is a match between content in your assessments and content in other works, then your assessments may also be copied by the University and other users of the Turnitin® service to allow closer analysis.

Further information and support for students using Turnitin® can be found here:  http://www.salford.ac.uk/library/help/blackboard-and-collaborate

As the University will mark assessments anonymously where possible, include your student roll number and not your name on your assessment. Do not upload links in the submission area, as we cannot access them and therefore cannot mark your work. If you have saved your files on your University of Salford OneDrive, dragging files to the submission area may attach a link instead of the file. Always attach files using the paperclip icon.

Assessment Criteria

You should look at the assessment criteria to find out what you need to do to complete this assessment.

You should look at the assessment criteria to find out what we are specifically looking at during the assessment.

The assignment will be assessed strictly in accordance with the following criteria. Please ensure that you address each of the issues when writing your assignment. No marks will be awarded against any other criteria.

Clarity of writing style in the appropriate format (third person) and referencing in accordance with 7th Harvard APA.

Analysing the CPO claim components                 (10 marks)

Structured Arguments and a populated claim schedule               (25 marks)

Task B – 20 marks

Task C –
(1) 8 marks
(2) 12 marks

Representing your client at a meeting with the Acquiring Authority- Information on how this will be undertaken will be given in class (20 marks)

Referencing and presentation  (5 Marks)

Assessed Intended Learning Outcomes

On successful completion of this assessment, you will be able to:

Knowledge and Understanding

Practical, Professional or Subject Specific Skills

Assessed intended learning outcomes

On successful completion of this assessment, you will be able to:

1. To gain a working knowledge of Compulsory Purchase procedures
2. To appreciate the components of a CPO claim
3. To gain a working knowledge of how to construct a credible CPO claim
4. Analyse the link between property law and valuation
5. To interrogate regulations and legislation
6. Develop skills in the computation of compensation claims
7. Develop skills in the proper interpretation of CPO legislation
8. Apply negotiation skills in the correct legal context

Assessment Support 

Students are expected to learn and demonstrate skills associated with good academic conduct (academic integrity). Good academic conduct includes the use of clear and correct referencing of source materials. Here is a link to where you can find out more about the skills which students need:

Academic integrity & referencing

Academic Misconduct is an action which may give you an unfair advantage in your academic work. This includes plagiarism, asking someone else to write your assessment for you or taking notes into an exam. The University takes all forms of academic misconduct seriously.

Support for this Assessment

Kevin M. Aspin at k.m.aspin@salford.ac.uk
Please always email first for an appointment. You can find more information about understanding your assessment brief and assessment tips for success here.

Assessment Rules and Processes

You can find information about assessment rules and processes in Blackboard in the Assessment Support module.

Develop your Academic and Digital Skills
Find resources to help you develop your skills here.

Concerns about Studies or Progress

If you have any concerns about your studies, contact your Academic Progress Review Tutor/Personal Tutor or your Student Progression Administrator (SPA).

askUS Services

The University offers a range of support services for students through askUS including Disability and Learner Support, Wellbeing and Counselling Services.

Issues affecting your assessment

If exceptional circumstances have affected your ability to complete this assessment, you can find more information about the Exceptional Circumstances Procedure (previously Personal Mitigating Circumstances) here.  Independent advice is available from the Students’ Union Advice Centre.

Academic Integrity and Academic Misconduct

You must learn and demonstrate good academic conduct (academic integrity). Good academic conduct includes the use of clear and correct referencing of source materials.

Academic integrity & referencing

Academic misconduct is an action which may give you an unfair advantage in your academic work.  Some examples are plagiarism, asking someone else to write your assessment for you, unauthorised use of AI or taking notes into an exam. The University takes all forms of academic misconduct seriously.

Reassessment Arrangements

If you fail your assessment, and are eligible for reassessment, you will be able to find the date for resubmission on your module site in Blackboard. There is no resubmission if you are on a retake attempt.

For students with accepted personal mitigating circumstances for absence/non submission, this will be your replacement assessment attempt.

We know that having to undergo a reassessment can be challenging however support is available.  Have a look at all the sources of support outlined earlier in this brief.

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