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Sales Appraisal Form Template for England and Wales

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Key Requirements PROMPT example:

Sales Appraisal Form

"I need a Sales Appraisal Form for a three-bedroom Victorian property in Central London, focusing particularly on development potential and the impact of upcoming infrastructure projects planned for March 2025."

Document background
The Sales Appraisal Form is a crucial document in the English and Welsh property market, used when property owners are considering selling their property. It provides a professional evaluation of a property's worth and potential in the current market. The form includes detailed property analysis, market comparisons, and strategic recommendations for achieving the best possible sale price. This document helps ensure compliance with UK property regulations while providing valuable insights for both the property owner and the estate agency.
Suggested Sections

1. Property Details: Basic information including address, property type, size, number of bedrooms, bathrooms, and other key features

2. Market Analysis: Assessment of current market conditions, recent sales data, and comparable properties in the area

3. Valuation: Suggested asking price range with detailed justification based on market analysis and property condition

4. Property Condition: Detailed assessment of the property's current state, including structural elements, fixtures, fittings, and maintenance requirements

5. Marketing Strategy: Proposed marketing approach, recommended marketing period, and suggested marketing channels

Optional Sections

1. Improvement Recommendations: Suggested improvements or renovations that could increase property value, including estimated costs and potential value uplift

2. Rental Assessment: Analysis of potential rental income and yield if the property were to be let, including local rental market data

3. Development Potential: Assessment of possibilities for extension, conversion, or development, including planning considerations

Suggested Schedules

1. Comparable Property Evidence: Detailed analysis of similar properties sold in the area within the last 6-12 months

2. Floor Plan: Detailed layout drawings of the property showing room dimensions and layout

3. Property Photographs: Current photographs of the property's interior and exterior, including any notable features or defects

4. Local Market Data: Statistical analysis and trends of the local property market, including price trends and sales volumes

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions






























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Relevant Industries
Relevant Teams
Relevant Roles
Industries

Consumer Protection from Unfair Trading Regulations 2008: Protects consumers from unfair or misleading trading practices in property sales, requiring estate agents to provide accurate information and prohibiting misleading omissions

Consumer Rights Act 2015: Sets out consumer rights and business obligations in relation to services, including estate agency services and property sales

Business Protection from Misleading Marketing Regulations 2008: Regulates business-to-business marketing practices, ensuring accurate property marketing when selling to commercial buyers

Estate Agents Act 1979: Primary legislation governing estate agents' conduct, including requirements for transparency in fees and declaring personal interests

Housing Act 2004: Contains provisions regarding property conditions, safety standards, and housing health and safety rating system (HHSRS)

UK General Data Protection Regulation: Regulates the processing and handling of personal data, including client information collected during property appraisals

Data Protection Act 2018: Implements and supplements the UK GDPR, providing the framework for data protection in the UK

Money Laundering Regulations 2017: Requires estate agents to conduct due diligence on clients and report suspicious transactions to prevent money laundering

Property Ombudsman Code of Practice: Professional standards guide for estate agents, setting out expected practices and procedures in property sales

RICS Professional Standards: Standards set by the Royal Institution of Chartered Surveyors for professional property valuations and appraisals

Equality Act 2010: Ensures non-discrimination in property sales and marketing based on protected characteristics such as race, gender, disability

Energy Performance of Buildings Regulations 2012: Requires energy performance assessments and certificates (EPCs) for properties being marketed for sale

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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