Principles of Valuation
In a nutshell
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.
This accelerated pathway includes the same content as our standard undergraduate degree, but is taught over three trimesters rather than two semesters. This more intense mode of study means that you can complete your degree in a shorter period of time than the standard part-time route. The day-release route enables you to balance your studies with your current employment.
- Learn key skills in areas such as valuation, development, investment and management
- Develop knowledge of the economic, legal, technical and managerial aspects of property and real estate
- Gain industry competencies and the confidence to progress
- Explore the digital tools and technologies needed in your future career
This is for you if...
You to have a real passion for developing, advancing and shaping the future of the built environment
You're looking to develop a career in property and real-estate
You want to fit study alongside your current employment
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. You will work with students from other related courses, mirroring the multidisciplinary, team-based approach of the modern construction and property industry.
Year one will introduce you to the property and construction industry using a range of built environment modules. These include an overview of the regulatory framework, economics, the principles of valuation and appreciation of technology. You will also complete management modules and a multi-disciplinary project.
Year two progresses your knowledge of commercial property leasing, property asset management, and property economics. You will be involved in further multi-disciplinary projects to enhance your collaborative working experience. Alongside modules in finance and investment, property development and regeneration, you will also complete a research dissertation.
If you choose day-release study, you will complete modules across a third year of study.
If you are studying full-time, you'll have the option to take an industrial placement year between years one and two. 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.
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.
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.
This project is an opportunity to experience collaborative working in multi-disciplinary team. It will promote reflection on individual and team working and the nature of built environment projects. You will practice and further develop key skills required by a built environment professional. You will also develop written/oral communication, team working and inter-personal skills.
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.
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.
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.
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.
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.
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.
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.
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. These include:
- Studio projects
- Projects with other built environment students
- Lectures and tutorials
- 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
School of Science, Engineering and Environment
From cyber security to biomedicine to architecture, our expanding suite of multidisciplinary courses shapes the next generation of scientists, engineers, consultants and conservationists. Through advanced research, we’re pioneering robotics and AI, smart environments and the appliance of data. With a team of over 200 dedicated academic, technical and administrative staff, you’ll experience a supportive, professional environment where you can realise your potential.
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 offer 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
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 fulfil your potential at university, but it is also an essential requisite for a successful career in the built environment.
ENGLISH LANGUAGE REQUIREMENTS
If English is not your first language, you must demonstrate proficiency in English. An IELTS score of 6.0, with no band below 5.5, is proof of this.
Please note: The entry criteria below are related to entry onto this course in the 2020/2021 academic year. If you’re interested in a future intake year, please check the course entry on UCAS.
English Language and Mathematics at grade C/level 4 or above (or equivalent). You must fulfil our GCSE entry requirements as well as one of the requirements listed below
UCAS tariff points
BTEC National Diploma
BTEC Higher National Diploma
Pass in a related subject for entry to level 5. Related subjects include Architecture, Construction, Civil Engineering, Building Studies, Estate Management
Pass in a related subject for entry to level 5. Related subjects include Architecture, Construction, Civil Engineering, Building Studies, Estate Management
Irish Leaving Certificate
Please contact Admissions for further information
Access to HE
Degree in cognate subject for level 5 entry
Salford Alternative Entry Scheme (SAES)
We positively 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 receive your application, we'll 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.
Please contact Admissions for further information.
|Type of study||Year||Fees|
|Full-time home/EU||2019/20||£9,250per year|
|Full-time international||2019/20||£18,450per year|
|Part-time||2019/20||Your annual fee will be calculated pro rata to the full-time fee according to the number of credits you are studying|
|Full-time home/EU||2020/21||£9,250per year|
|Full-time international||2020/21||£18,450per year|
|Part-time||2020/21||Your annual fee will be calculated pro rata to the full-time fee according to the number of credits you are studying|
You should consider further costs which may include books, stationery, printing, binding and general subsistence on trips and visits.
Accelerated programmes - Student Loan Company guidance
Due to the more intense learning structure of the accelerated pathway, students who fail a module are allowed a maximum of 40 credits of concurrent study. The Student Loan Company will not fund the element relating to the repeating modules, so if you want to study this concurrently, you must fund the additional cost.
All Set? Let's Apply?
Course ID N231
Applications for this course are now closed.
If you're looking to study property and real-estate in September 2020, please explore our new Real Estate Surveying (Asset Management) Accelerated Day Release course