Principles of Valuation
Property and Real Estate
School of the Built Environment
September 2019Next enrolment
In a nutshell
Property and real estate experts have an extensive understanding of the property industry, and confidently display their professional knowledge to clients.
Prepare for a lucrative and rewarding career in this fast-paced sector with Salford. A gateway to professional status, our popular property and real estate course is accredited by the Royal Institution of Chartered Surveyors (RICS), so you will be educated to the highest industry standards.
We work closely with industry so you're equipped with the professional, technical and collaborative skills to build a lucrative and rewarding career.
- Learn key skills in areas such as valuation, development, investment and management
- Gain knowledge of the economic, legal, technical and managerial aspects of property and real estate
- Develop industry competencies and the confidence to progress
- Explore the digital tools and technologies needed in your future career
This is for you if...
You have a real passion for developing, advancing and shaping the future of the built environment
You want to work in the property market
You're a good team player
All about the course
Collaboration is at the heart of the built environment profession and our property and real estate course combines theoretical knowledge with the application of professional skills and competencies.
You will learn through a blend of academic study and project work, working with students from other related courses, mirroring the multidisciplinary, team-based approach of the modern construction and property industry.
In year one, essential modules are shared with our other built environment courses, so you'll be collaborating from the outset. Modules cover regulation, economics, principles of valuation and appreciation of technology.
During year two, you will be introduced to specific topics, including commercial property leasing, property asset management, property economics and a multidisciplinary project.
Your final year includes further compulsory and optional modules specific to property, including finance and investment, development and regeneration. You will also complete a research dissertation on a built environment subject of your choice.
INDUSTRIAL PLACEMENT OPTION
If you are studying full-time, you'll have the option to take an industrial placement year between years two and three. Although you will be responsible for securing your own placement, we will assign you a placement tutor to monitor your progress and assess your final placement report.
Through this module you will establish an understanding of the basic principles of property valuation and their application. You will understand the role of property as one of the investment mechanisms. You will develop an understanding of how property markets operate and an understanding of all the factors which affect the value of property.
Appreciation of Technology
Through this module you will explore a range of basic principles of construction technologies used for contemporary buildings.
Introduction to Property and Real Estate
This module will provide you with an introduction to practical skills and knowledge which is widely used in the property sector. It will enable you to identify and use of relevant Codes of Practice in solving practical tasks and will provide you with an appreciation of the range of activities undertaken across the property and built environment professions.
Property and Real Estate Project
This project will enable you to identify and use of appropriate learning strategies that are applicable in property and real estate. You will be able to recognise and apply property and real estate discipline specific knowledge and practice to solve discipline related project tasks on an individual and team basis. You will also be able to identify and apply ethical codes of behaviour appropriate to property and built environment professional practice. This module will also give you the experience applicable ICT technologies relevant to property and real estate field of study.
Economics and Management
You will develop an understanding of basic economic concepts and principles and of the economic environment, in which the construction and property sectors operate. The module will develop your knowledge and understanding of the dynamics of the construction environment within which you will operate as well as management and organisational theories in the construction and property context.
Introduction to Law and Regulatory Frameworks
You will be introduced to English law and relevant statutory requirements for studying for vocational qualifications in the construction and property professions. The module also introduces you to the workings of the English legal system, to the law relating to contracts and to the regulatory framework affecting the use, management and development of land, in particular, planning, building control and the CDM regulations.
Year Two Intro
During your second year you will be introduced to subjects specific to your course, as well as some modules which are common with other courses such as the multi-disciplinary project. This provides another opportunity for collaborative multidisciplinary working which is common practice in the modern construction and property industry.
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.
Property Asset Management
This module will provide you with a thorough understanding of the principles and techniques of property asset management. It will enable you to apply these principles and techniques in commercial, residential and public sector/ third sector property management environments.
On this module you will develop a holistic understanding of the economic issues in property markets. The module will enable you to evaluate economic theory within the context of real estate and construction contexts and produce the creation and application of alternative approaches to market analysis and evaluation. You will identify and analyse industry-wide problems based on understanding of the market structure, performance and behaviour of the industry.
This project will provide you with an opportunity to work in multi-disciplinary teams and to enable them to perform in a role/discipline in the context of a team based project. It will promote reflection on individual and team working and the multi-disciplinary nature of built environment projects. You will practice and further develop both discipline based and generic key skills required by a built environment professional. It encourages self-reflection and enable you to further your personal development plan, that aligns the learning needs and career aspirations and the requirements of the business sector and the professional institutions. You will also further develop written/oral communication, team working and inter-personal skills.
Through this module you will develop the application of conventional and contemporary valuation techniques. You will also develop an understanding of the UK national and local taxation systems and their effect upon property. It will introduce you to the principles of compulsory purchase and compensation.
Property and Commercial Lease Law and Practice
Through this module you will further develop relevant legal skills and knowledge for students studying for vocational qualifications in the construction and property professions. The module will introduce you to aspects of the Law of Tort, Land Law and the Law of Landlord & Tenant which are directly relevant to the use, management and development of land, and to your future professional roles.
Year 3 Intro
In your final year, you will be required to complete a number of modules as well as a research project on a built environment subject of your choice under the supervision of a member of the academic staff.
Property Finance and Investment
Through this module you will develop the principles of investment and the creation of value, use portfolio theory in investment management and demonstrate methods of measuring risk and return.
Property and Real Estate Practice
On this module you will undertake disciplinary team working in the context of a complex property, design and construction project based environment. You will further refine your key professional team working skills required by property, design and construction practitioners in the Built Environment. The module will enable you to further develop and practice discipline based key skills in simulated real world/problem based scenario. You will also develop a personal development plan that aligns to your learning needs and career aspirations and the requirements of professional institutions.
The aim of this module is to provide you with an understanding of property development as an industrial, financial and socio-political process. It will also enable you to develop the practical and entrepreneurial skills appropriate to the property development industry.
Throughout this module you will explore contemporary valuation models and the potential models that might be applied in valuation practice. The module will enable you to establish the attributes of traditional valuation approaches under different valuation conditions. You will also explore the strengths and weaknesses of alternative valuation models and approaches and the issues of accuracy, independence, relationship with clients, behaviour and governance.
Introduction to Urban Regeneration
On this module you will create an awareness of key professional roles with the built environment sector and the responsibilities associated with the differing roles. It will provide you with an opportunity for investigative work to be undertaken via a case study or series of case studies to explore the nature of the built environment professions. You will develop an awareness of the key professional skills required by the differing identified discipline areas. It will also promote the on-going development of oral/written communication, team working and inter-personal skills.
Discipline Research Project
You will develop your knowledge of good research practice through the completion of a written research proposal and a research document. You will also develop data analysis skills through the collection and critical appraisal of different sources of data.
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?
You will develop your knowledge and skills through a blend of theoretical, collaborative and practical methods:
- Studio projects
- Projects with other built environment students
- Directed study
- One-to-one tutorials (by appointment)
- Guest lecturers and visits to construction sites, completed buildings etc.
You will be assessed through a combination of exams, projects and coursework:
- Design projects
- Case study analysis
- Precedent studies
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 an extensive understanding of the property and real estate industry, you'll be well equipped to pursue a variety of roles, such as a property developer, a leasing agent or a property asset manager.
Our property and real estate graduates have gone on to work with national property organisations including CBRE; DTZ; Deloutte Real Estate and Savills. Others have chosen to work for surveyors, local authorities and housing associations.
We have a range of specialism postgraduate study options to help you take your career even further.
Our experienced team maintain strong links with the construction industry and professional bodies, which provides our students with benefits including site visits, guest speakers and placements. Recent partners include
- Sir Robert McAlpine Ltd
- Balfour Beatty Construction
Throughout the course, you will get to work on ‘live’ development projects. Previous students have helped to design a new club-house for Salford City FC, created designs for Macclesfield Cricket Club and developed concepts for the Salford Woolpack community pub.
What you need to know
International applicants will be required to show a proficiency in English. An IELTS score of 6.0 with no band below 5.5 is proof of this.
All applicants must satisfy both the University’s General Entry Requirement and the specific entry requirements. Applicants must have a minimum grade C pass in English and Mathematics at GCSE O-level (or equivalent). There are no specific A-level topics required.
In addition to our academic entry requirements, we also look for certain characteristics in each student. Possessing these characteristics will not only help you to fulfill your potential at university, but is also an essential requisite for a successful career in the built environment.
We positively welcome applications from students who may not meet the stated entry criteria but who can demonstrate their ability to successfully pursue a programme of study in higher education. Students who do not have formal entry qualifications are required to sit a written assessment to measure their suitability. Please contact Admissions for further information
You must fulfil our GCSE entry requirements as well as either Grade C/grade 4 or above in Maths and English Language
UCAS tariff points
GCE A level
BTEC Higher National Diploma
Pass in cognate subject for entry to level 5
Salford Alternative Entry Scheme (SAES)
We welcome applications from students who may not meet the stated entry criteria but who can demonstrate their ability to pursue the course successfully. Once we have received your application we will assess it and recommend it for SAES if you are an eligible candidate.
There are two different routes through the Salford Alternative Entry Scheme and applicants will be directed to the one appropriate for their course. Assessment will either be through a review of prior learning or through a formal test.
|Type of study||Year||Fees|
|Full-time home/EU||2019||£9,250per year|
|Full-time international||2019||£12,960per year|
|Part-time||2019||Your annual fee will be calculated pro rata to the full-time fee according to the number of credits you are studying.|
You should also consider further costs which may include books, stationery, printing, binding and general subsistence on trips and visits.
All Set? Let's Apply?
Course ID N230