Property Evaluation Form for Ireland

Property Evaluation Form Template for Ireland

A comprehensive property evaluation document compliant with Irish property law and valuation standards, designed to provide a professional assessment of a property's market value. The form incorporates requirements set forth by the Property Services Regulatory Authority of Ireland and adheres to RICS (Royal Institution of Chartered Surveyors) valuation standards. It includes detailed property analysis, market assessment, and value determination, while considering relevant Irish property legislation, planning laws, and building regulations. The document serves as a legally recognized evaluation tool for various purposes including sales, purchases, lending, insurance, and tax assessments.

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What is a Property Evaluation Form?

The Property Evaluation Form is a critical document in Irish real estate transactions and property-related decisions. It is designed to meet the requirements of the Property Services (Regulation) Act 2011 and align with RICS Valuation Standards. This document is typically used when a professional valuation is required for property sales, mortgage applications, insurance purposes, tax assessments, or legal proceedings. The form captures essential information about a property's physical characteristics, legal status, market position, and ultimate value determination. It includes mandatory sections for property identification, inspection details, and valuation methodology, along with optional components for specific property types or evaluation purposes. The document must be completed by a qualified property professional and serves as a formal record of the valuation process and conclusions, providing a basis for property-related decisions in the Irish market.

What sections should be included in a Property Evaluation Form?

1. Property Identification: Detailed description of the subject property including exact address, land registry details, and unique identifiers

2. Instruction Details: Purpose of valuation, client details, date of instruction, and scope of work

3. Inspection Details: Date and time of inspection, weather conditions, extent of access, and any limitations to inspection

4. Property Description: Comprehensive description of the property including size, layout, construction, condition, and features

5. Location Analysis: Description of the area, nearby amenities, transport links, and relevant local market conditions

6. Legal Considerations: Known planning permissions, restrictions, easements, and other legal matters affecting the property

7. Market Analysis: Overview of current market conditions, comparable properties, and market trends

8. Valuation Methodology: Explanation of the approach used to determine the value

9. Valuation Figure: The concluded value with any relevant qualifications or assumptions

10. Declaration: Valuer's professional credentials, independence declaration, and signature

What sections are optional to include in a Property Evaluation Form?

1. Environmental Factors: Additional section for properties requiring specific environmental consideration such as flood risks or protected species

2. Heritage Status: Required for historic buildings or properties in conservation areas

3. Development Potential: Optional analysis of development or conversion possibilities where relevant

4. Rental Analysis: For investment properties or when required for rental purposes

5. Building Insurance Assessment: When the evaluation includes insurance reinstatement cost assessment

6. Sustainability Features: Analysis of energy efficiency and sustainable features when relevant to value

7. Service Charge Analysis: For leasehold properties or apartments with service charges

8. Agricultural Land Assessment: Specific section for rural properties with agricultural components

What schedules should be included in a Property Evaluation Form?

1. Photographs: Comprehensive photographic record of the property interior, exterior, and significant features

2. Floor Plans: Detailed measurements and layout drawings of the property

3. Title Documents: Copies of relevant title documents and land registry entries

4. Planning Documents: Copies of relevant planning permissions and certificates

5. Comparable Evidence: Detailed analysis of comparable properties used in the valuation

6. Location Maps: Maps showing the property location and surrounding area

7. Building Certificates: Copies of relevant building certificates and compliance documents

8. Energy Performance Certificate: Current EPC and energy efficiency ratings

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

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What schedules should be included in a Property Evaluation Form?

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