Fees and funding

Fees

For entry in the academic year beginning September 2027, the tuition fees are as follows:

  • MSc (full-time)
    UK students (per annum): £18,200
    International, including EU, students (per annum): £34,200

The fees quoted above are fully inclusive of tuition, administration and computational costs.

Fees for entry are subject to yearly review. The University reserves the right to increase your tuition fee by up to 7% each year for courses lasting more than one year, including to reflect rising costs associated with delivering our educational and wider student experience. Postgraduate fees information.

Always contact the admissions team if you are unsure which fee applies to your qualification award and method of attendance.

International student CAS deposit

Self-funded international applicants are required to pay a deposit of £2500 towards their tuition fees before a confirmation of acceptance for studies (CAS) is issued. Some applicants will be required to pay a higher deposit. More information on tuition fee deposits.

Additional expenses

This course has normally included a residential field trip which is an optional part of the course.

Please note there is a student contribution towards the cost of the trip.

Policy on additional costs

All students should normally be able to complete their programme of study without incurring additional study costs over and above the tuition fee for that programme. Any unavoidable additional compulsory costs totalling more than 1% of the annual home undergraduate fee per annum, regardless of whether the programme in question is undergraduate or postgraduate taught, will be made clear to you at the point of application. Further information can be found in the University's Policy on additional costs incurred by students on undergraduate and postgraduate taught programmes (PDF document, 91KB).

Scholarships/sponsorships

We know that student finance can be complicated. The links below provide further information to help guide you.

Learn more about - student finance options for UK students.

Learn more about - fees and finance for international students.

Graduates of The University of Manchester and Manchester Metropolitan University can receive a 10% discount on their master's degree tuition fees as part of our Manchester Alumni Loyalty Discount scheme.

Course unit details:
Property Valuation

Course unit fact file
Unit code PLAN60331
Credit rating 15
Unit level FHEQ level 7 – master's degree or fourth year of an integrated master's degree
Teaching period(s) Semester 1
Offered by Planning, Property and Environmental Management
Available as a free choice unit? Yes

Overview

In this module you will consider the role of property and the purpose of valuation. You will examine the five principal methods of valuation and their application. Through lectures, workshops and tutorial exercises you will develop competence in applying these techniques to various property types and interests, with particular focus on the market and income approaches. You will research and analyse property data and develop understanding of the factors which affect value, the hierarchy of evidence and the reliability of valuations. This unit will enable you to critically consider contemporary issues in property valuation. Through the assessment process, you will be able to explore a sector of the property market in depth. You will have the opportunity to enhance your negotiation skills through the group task. You will also have the opportunity to inspect and measure, for valuation purposes, a commercial building in Manchester City Centre and prepare a valuation report, having regard to the appropriate professional regulations.

 

Aims

• introduce the principal methods of property valuation and measurement

• demonstrate the application of these methods in a range of contexts

• explore the mathematical basis of different methods of valuation

• critically examine the physical, legal and economic factors affecting the value of real estate assets and the regulatory framework under which valuations are carried out

• critically investigate current issues in valuation practice

 

Teaching and learning methods

A range of teaching and learning methods will be adopted with conventional lectures used to introduce the topics in a structured manner. Workshops and tutorials will be used to apply valuation and measurement techniques and to facilitate critical debate about key issues in valuation theory and practice. There will be opportunities to explore current issues with valuation practitioners to ensure that any valuation debate is grounded in current practice. A key element of this unit is the on-site inspection, measurement and valuation exercise to allow these skills to be applied in a real world environment.

All unit material will be available online. Formative feedback will be provided through Q&A, discussion and interactive activities within lectures, workshops and tutorials. Verbal feedback will be available on coursework discussed during consultation hours and assignment surgeries. Where appropriate, the discussion board on the VLE will be used as a repository for FAQs.

 

Knowledge and understanding

  • Critically discuss the characteristics of property markets across sectors and geographical areas
  • Select appropriate valuation techniques and apply these accurately in a range of contexts
  • Explain the framework of regulation for valuation practice in the UK and international contexts

Intellectual skills

  • Critically appraise a range of valuation approaches and techniques and their application in a variety of property market conditions
  • Reflect and comment upon the reliability and accuracy of single point estimate valuations

Practical skills

  • Demonstrate numeracy skills through the appreciation of issues around selection, accuracy, uncertainty and approximation with numbers
  • Communicate ideas effectively though the preparation of professional reports, presentations and written essays
  • Demonstrate negotiation skills to reach agreement, recognising intercultural backgrounds

Transferable skills and personal qualities

  • Appreciate the role of professional regulation, including the role of lifelong learning
  • Within a team, recognise and identify the views of others and work constructively with them

Assessment methods

Group valuation and measurement exercise, presentation  (10 slides) 25% weighting

Individual Red Book style valuation report based on contemporary valuation issues (2500 words) 75% weighting

Feedback methods

Detailed feedback on summative assessments will be provided via the VLE. This will be in written or audio format. 
 

Recommended reading

Blackledge M. (2017) Introducing Property Valuation (2nd Edition), Abingdon: Routledge

Baum A., Mackmin D. and Nunnington N. (2017) The Income Approach to Property 
Valuation (7th Edition), Abingdon: Routledge

Hayward R. (Ed.) (2014) Valuation: Principles into Practice (6th Edition, Abingdon: Routledge

Millington A. F. (2000) An Introduction to Property Valuation (5th Edition), London: Estates Gazette

Scarrett D. and Osborn S. (2014) Property Valuation: The 5 Methods (3rd Edition) Abingdon: Routledge

Shapiro E., Mackmin D. and Sams G. (2019) Modern Methods of Valuation (12th Edition), Abingdon: Routledge

Wyatt P. (2013) Property Valuation (2nd Edition), Oxford: Wiley-Blackwell

Study hours

Scheduled activity hours
External visits 4
Lectures 20
Seminars 10
Tutorials 6
Independent study hours
Independent study 110

Teaching staff

Staff member Role
Mark Shepherd Unit coordinator

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