NEWS: 2018 Summary – Residential Surveys & Valuations

Each year, firms of Chartered Valuation Surveyors and RICS Registered Valuers are required to submit an Annual Return to the Royal Institution of Chartered Surveyors (RICS), to confirm how many “Red Book” valuations/surveys have been undertaken. The “Red Book” is issued by RICS and sets the professional standards for valuations – it contains mandatory rules, best practice guidance and related commentary for all RICS members who undertake asset valuations.

The residential Survey and Valuation team at Lea Hough and Co Chartered Surveyors have recently submitted their Annual Return to RICS.

We have had full order books throughout the year. In the period between the 1st November 2017 and the 31st October 2018, our team undertook a staggering 900 residential and commercial surveys and valuations, an increase of over 30% on the same period a year earlier, valuing over £200 million worth of property in total.

Of those instructions, the most popular type of instruction was the RICS HomeBuyer Report (Survey & Valuation) with over 300 instructions being undertaken, again a significant increase on the previous year.

During the course of the year, our team have covered a range of instructions from a variety of clients such as house purchasers, mortgage lenders, developers and housing associations to name a few.

Our RICS Registered Valuers undertake surveys and valuations of houses, flats, apartments, development land, new-builds, Listed Buildings, etc. Besides standard Valuations and HomeBuyer Reports, we can also assist with specialist services such as Help to Buy valuations & Shared Ownership valuations.

Our areas of expertise and breadth of local knowledge have seen the team cover areas right across Lancashire from Lancaster down to Wigan, and also across East and West Lancashire respectively, taking in the Fylde Coast across to Pendle.

Founded in 1983, in Preston, we now have offices bases in Preston, Blackburn, Lancaster and Clitheroe. Much of our residential Survey and Valuation business is repeat business from clients and we are also regarded by many as the true “Lancashire Surveyors”.



“We had a Schedule of Condition carried out on a Commercial Property. From vacant possession to our proposed completion date we were really tight on time. Gary managed to carry out the inspection and write a very thorough report in the time needed to ensure we hit our completion date. The price of the report was also extremely competitive. I would recommend Lea Hough to anyone looking for a Professional Surveyors with excellent service & communication at a competitive price.”

Danny Ambler - Fuse Contract Furniture, Blackburn