Littleport High School, Cambridgeshire
“The Trust have used Concertus for their property valuations for a number of years and we have always found the service to be delivered on time, the reports fulfil the needs of both the Trust and external bodies and provide good value for money.” – Clive Paskell, The Active Learning Trust
The Active Learning Trust instructed us to provide a fixed asset valuation for a brand new development complex which included a high school, special school and sports centre (Multi-Use Games Area and playing fields).
Using our bespoke obsolescence checklist, we compared the actual buildings and facilities with a modern equivalent asset (MEA). Land values were assessed using the comparable method (considering the sales of development sites in the vicinity). Information was collated from professional sources including discussions with local commercial agents. Pricing levels for new houses were monitored and we ran a residual valuation as a check on the other data we had observed.
As the school was located next to a new housing development, it was necessary to consult the local planning portal to ensure we understood the wider planning context of the property we had been commissioned to value.
Through our extensive experience of asset valuations in the public sector, we successfully delivered an RICS compliant report on time.