Real Estate Investment Appraisal Report
Budget: £20 – £250 GBP
## Assessment Overview
- **Module**: Investment Appraisal and Valuation
- **Assessment Type**: Individual Report
- **Weight**: 100% of module mark
- **Submission Deadline**: 2 pm UK time, August 29th 2024
- **Format**: MS Word report
## Purpose of Assessment
- **Learning Outcomes**:
1. Understand and apply valuation concepts to real estate.
2. Use compounding and discounting methods.
3. Evaluate real estate investment information needs.
4. Create and adapt spreadsheet templates for cash flow appraisals.
5. Interpret appraisal outcomes for decision-making.
## Assessment Tasks
1. **Market Value Estimation**:
- Valuation date: July 31, 2024
- Analyze current leases, assess market rent, and choose a capitalization rate.
- Use Market Valuation techniques.
2. **Investment Value Estimation**:
- Valuation date: July 31, 2024
- Use the DCF method for a five-year holding period with a 12% return rate.
- Model quarterly cash flows and discuss inputs and assumptions.
3. **Comparison and Discussion**:
- Compare Market and Investment Values.
- Discuss alignment with investment goals.
## Report Preparation
- **Structure**: Follow guidelines provided on Blackboard.
- **Exclusions**:
- Avoid lengthy descriptions and general market discussions.
- Focus on analysis, not description.
- **Appendices**: Include market valuation calculations and cash flow tables.
- **Word Limit**: 3,500 words (excluding appendices).
## Guidelines and Resources
- Use Blended Learning platform for Excel guidance.
- Avoid proprietary software for modeling.
- Follow Harvard referencing style.
- Ensure originality and adhere to academic integrity.
## Marking Criteria
1. **Market Valuation Inputs** (20%)
- Use appropriate evidence and adjustments.
- Demonstrate critical thinking.
2. **Market Value Calculation** (20%)
- Accurate calculations and clear presentation.
3. **Cash Flow Inputs and Assumptions** (20%)
- Comprehensive coverage and research support.
4. **Cash Flow Model** (20%)
- Accurate and clear presentation of calculations.
5. **Discussion of Outputs** (10%)
- Understanding of implications and recommendations.
6. **Report Structure and Presentation** (10%)
- Clear structure, presentation, and referencing.
## Additional Advice
- Focus on analysis rather than description.
- Use provided resources and attend tutorials.
- Ensure clarity and professionalism in presentation.
- **Module**: Investment Appraisal and Valuation
- **Assessment Type**: Individual Report
- **Weight**: 100% of module mark
- **Submission Deadline**: 2 pm UK time, August 29th 2024
- **Format**: MS Word report
## Purpose of Assessment
- **Learning Outcomes**:
1. Understand and apply valuation concepts to real estate.
2. Use compounding and discounting methods.
3. Evaluate real estate investment information needs.
4. Create and adapt spreadsheet templates for cash flow appraisals.
5. Interpret appraisal outcomes for decision-making.
## Assessment Tasks
1. **Market Value Estimation**:
- Valuation date: July 31, 2024
- Analyze current leases, assess market rent, and choose a capitalization rate.
- Use Market Valuation techniques.
2. **Investment Value Estimation**:
- Valuation date: July 31, 2024
- Use the DCF method for a five-year holding period with a 12% return rate.
- Model quarterly cash flows and discuss inputs and assumptions.
3. **Comparison and Discussion**:
- Compare Market and Investment Values.
- Discuss alignment with investment goals.
## Report Preparation
- **Structure**: Follow guidelines provided on Blackboard.
- **Exclusions**:
- Avoid lengthy descriptions and general market discussions.
- Focus on analysis, not description.
- **Appendices**: Include market valuation calculations and cash flow tables.
- **Word Limit**: 3,500 words (excluding appendices).
## Guidelines and Resources
- Use Blended Learning platform for Excel guidance.
- Avoid proprietary software for modeling.
- Follow Harvard referencing style.
- Ensure originality and adhere to academic integrity.
## Marking Criteria
1. **Market Valuation Inputs** (20%)
- Use appropriate evidence and adjustments.
- Demonstrate critical thinking.
2. **Market Value Calculation** (20%)
- Accurate calculations and clear presentation.
3. **Cash Flow Inputs and Assumptions** (20%)
- Comprehensive coverage and research support.
4. **Cash Flow Model** (20%)
- Accurate and clear presentation of calculations.
5. **Discussion of Outputs** (10%)
- Understanding of implications and recommendations.
6. **Report Structure and Presentation** (10%)
- Clear structure, presentation, and referencing.
## Additional Advice
- Focus on analysis rather than description.
- Use provided resources and attend tutorials.
- Ensure clarity and professionalism in presentation.