Valuation and Investment Appraisal
Real Estate and Property Management
School of the Built Environment
September 2019Next enrolment
In a nutshell
Are you new to property or looking to pursue a career in the field? If so, then this course was developed with you in mind. The programme of study will equip you with an excellent working knowledge of the commercial property market, including its relevance to national and international financial and investment markets.
This course will provide you with the knowledge and skills required to develop a successful career in the corporate property industry. You will become professionally competent in applying advanced investment and appraisal techniques, and learn how to make sound property management decisions that take into account legal, economic, facilities management and planning variables.
Studying this course will equip you with knowledge and expertise in the valuation and management of urban land and buildings in both public and private ownership. There is also a focus on IT and its application to the property industry, as well as the environmental considerations of real estate development and management.
The full master's award is accredited by the Royal Institution of Chartered Surveyors (RICS), allowing exemption from their academic entry requirements, as well as ensuring that you will be educated to the highest industry standards.
- Learn about the workings of the commercial property market and its relevance to national and international financial and investment markets
- Study advanced current investment and appraisal techniques
- Gain an understanding of legal, economic, planning, technical and facilities management factors in property management decision making
- Learn about IT in the property industry
- Learn about environmental considerations of real estate development and management
This is for you if...
You are a new entrant to the commercial property sector looking to start a career in the field
You are an established property professional who would like to formalise your real estate and property management skills with an accredited qualification
You have the determination to take on new challenges
You have excellent time management skills
All about the course
This course can be studied full-time on campus or part-time by distance learning. Admission onto the course is in September or January.
The master's award consists of four taught modules followed by a dissertation. The PgDip requires the completion of the four taught modules and the Pg Cert requires the completion of two taught modules. All modules are delivered over a 15 week period within one semester and are assessed through coursework, there are no exams.
You will study two 30 credit taught modules in each of your first two semesters on campus, these are designed to give you the core knowledge required for real estate and property management. In the final semester you will undertake a dissertation worth 60 credits.
Distance learning study
For students who study distance learning at full-time mode, two 30 credit taught modules are studied per semester. You will undertake a dissertation worth 60 credits at the final semester.
For the students who study distance learning at part-time mode, one 30 credit taught module is studied per semester. You will undertake a dissertation worth 60 credits at the final two semesters.
Assessment is driven by real-world issues aligned to your workplace and job role. Teaching is based around a virtual learning environment supported by interactive online sessions. The dissertation module is also delivered online and incorporates extensive tutor engagement.
This module will cover:
- Characteristics and economics of the property market
- Analysis of property market data and methods of valuation
- Valuation of freehold and leasehold interests
- RICS Valuation Standards
- Investment in property and non-property assets
- Portfolio principles and risk management
- Appraisal and performance measurement
Property Law and Practice
This module will cover:
- Legal principles underpinning property and investment
- The nature of UK and international law
- Contractual relationships
- Professional obligations and liabilities
- Law of estate agency
- Lease covenants and clauses
Buildings In Use
This module will cover:
- The design and construction process
- Appraising alternative solutions
- Foundation, structures and enclosures
- Strategic facilities management and measurement
- Commercial procurement
- Workplace design and organisational achievement
- Environmental impact
- Business continuity planning
- Future trends
Planning and Development
Through this module you will develop an understanding of the functions of property management and development. You will understand the application and operation of leases. You will also develop an awareness and understanding of the property development process.
This module allows you to develop a research proposal with clear aims and objectives related to the programme of study. With support and training in research methods, you will undertake critical analysis of existing research and engage in various forms of recognised research in order to produce a sustained, sophisticated, and logical argument in the form of a written dissertation.
Please note that it may not be possible to deliver the full list of options every year as this will depend on factors such as how many students choose a particular option. Exact modules may also vary in order to keep content current. When accepting your offer of a place to study on this programme, you should be aware that not all optional modules will be running each year. Your tutor will be able to advise you as to the available options on or before the start of the programme. Whilst the University tries to ensure that you are able to undertake your preferred options, it cannot guarantee this.
What will I be doing?
On-campus study comprises lectures, tutorials and project work.
Lectures introduce the core knowledge for each module. Tutorials provide a forum for discussion and debate with personalised instruction from tutors and project work is your chance to use research and other techniques to develop solutions to prescribed tasks. Throughout the course, experts from various fields are invited to deliver guest lectures and field trips are organised to give you an insight into the workings of the industry.
If you’re studying via distance learning, you’ll enjoy access to an internet-based learning environment backed up by intensive tutor support. Weekly online tutorials are led by tutors and encourage student interaction. Our online repository of learning material enables you to undertake self-directed study at your own convenience. Learning is driven by real-world problems with application to your workplace and job role.
Written coursework (100%) and continuous informal assessment by your tutors.
The School of the Built Environment
The School of the Built Environment (SoBE) aims to transform the quality of life for society and the wellbeing of future generations through a better and more sustainable urban future. With a focus on architecture, building and construction, SoBE has over 1,000 undergraduates, 800 postgraduates, and over 200 PhD research students from across the world. Having led the built environment research agenda for more than 20 years, our rich community of internationally-recognised scholars works with students, business and industry across all levels of study and research.
Salford is home to the unique Energy House – the only fully climate controlled research facility in the world. Built in 2011, this full-scale two-bedroom terraced house is inside an environmental chamber that can replicate almost any weather conditions. It is fully furnished and packed with a vast array of sensors that can monitor a wide range of variables.
Think Lab is our futuristic research environment. It leads the development of advanced technology platforms for smart city applications, collaborative engineering, industry collaborations, simulation and gaming applications, and interactive training and learning.
What about after uni?
With this qualification, you’ll be well placed to find rewarding work in the corporate property industry. You can apply the skills you’ll learn to act for clients on the purchase, letting, management and sale of all types of urban property, including shops, offices and industrial premises.
Our graduates are highly regarded by employers, enjoy excellent career prospects and have gone on to work within corporate, financial, government and private sectors to create property, investment and business solutions. They often find themselves specialising after an initial period in the field in areas such as the following: commercial estate agency, investment appraisal, property finance, development appraisal, property valuation, property management, strategic corporate real estate management and rating and taxation matters.
This course primarily equips you with knowledge and expertise in the valuation and management of urban land and buildings in both public and private ownership. In addition, advice may be sought by clients on matters relating to investment, finance, planning, development, refurbishment, landlord and tenant relationships and a wide range of other issues.
Employment opportunities are extensive and range from local property consultancies to positions in large, multi-office practices with regional, national and international representation. There are also many opportunities in the institutional and corporate sectors with organisations such as insurance companies, pension funds, property companies, multiple retailers and other major trading companies. Some local authorities and central government departments also maintain an 'in-house' team of property professionals.
The full master's award is fully accredited by the Royal Institution of Chartered Surveyors (RICS), allowing exemption from their academic entry requirements.
Guest lecturers from the real estate sector with expertise in relevant areas are invited to give lectures throughout the duration of the course. Field trips are organised in co-operation with local real estate companies - these give full-time students the opportunity to visualise what they learn and apply it to a real-world context.
The School of the Built Environment enjoys excellent links with the local, national and international property industry. This programme meets the needs of the industry by providing formal postgraduate level education for new entrants to the commercial property sector.
What you need to know
International students must provide evidence of proficiency in English - IELTS 6.0 with no band below 5.5 or an equivalent qualification are proof of this.
Applicants of this course must have a minimum of a second class honours degree. We welcome applications from students who may not have formal/traditional entry criteria but who have relevant experience or the ability to pursue the course successfully.
Accreditation of Prior Learning (APL)
We welcome applications from students who may not have formal/traditional entry criteria but who have relevant experience or the ability to pursue the course successfully.
The Accreditation of Prior Learning (APL) process could help you to make your work and life experience count. The APL process can be used for entry onto courses or to give you exemptions from parts of your course.
Two forms of APL may be used for entry: the Accreditation of Prior Certificated Learning (APCL) or the Accreditation of Prior Experiential Learning (APEL).Although no prior knowledge of the subject area is necessary it is important that you are prepared for the range and diversity of the material that needs to be covered and that you are able to take the initiative yourself once guidance has been given.
|Type of study||Year||Fees|
|Full-time home/EU||2019||£7,992per year|
|Full-time international||2019||£12,600per year|
|Part-time||2019||£1,332 per 30 credit module|
|Distance learning||2019||£1,300 per 30 credit module|
You should also consider further costs which may include books, stationery, printing, binding and general subsistence on trips and visits.