Artist's impression
Auction lot desk reviews and value-add appraisals
A desk review of an auction lot before you bid: condition, structure, compliance and planning, worked out from the photos and legal pack.
For a terraced house at auction with the legal pack out, a desk review costs from £500, usually no more than £1,000, and takes 3 to 5 working days.
- Fee
- £500–£1,000
- Turnaround
- 3 to 5 working days
What the review covers
- Condition and structural risk summary
- Compliance flags on Building Regulations, fire and past alterations
- Planning history and permitted development
- Refurbishment cost estimate
- Options with outline costs
- Indicative end value from comparables
- Planning risk notes
A review is not a valuation, and it is not legal or investment advice. Your solicitor should review title, searches and the special conditions of sale. Lenders need a valuation from an RICS registered valuer.
From listing to auction day
Send the listing and the legal pack and we quote. The desk review takes 3 to 5 working days, a chartered civil engineer checks the findings, and we talk you through the review before the auction.
What we check against
- Building Regulations
- Approved Documents used to flag compliance issues with past alterations and proposed works.
- Planning records
- Planning history and permitted development checked for the lot.
- Comparable sales
- End values are indicative, from comparable sales.
Auction questions
How quickly do I get the review?
Usually 3 to 5 working days, so send the lot as soon as the legal pack is out.
Do you review the legal pack?
We look at the technical documents in it. Title, searches and the special conditions of sale are for your solicitor.
Bidding on a lot?
Send the auction listing and the legal pack as soon as it's published.