Valuation of Housing Stock for Wolverhampton City Council
Awarded 02 Jan 2025
About
Wolverhampton City Council awarded a contract to Savills (UK) Ltd for the valuation of approximately 300 Beacon properties and a review of non-Beacon properties in 2024-2025 to assess market movement of the housing stock, which totals around 22,000 properties.
The draft valuation was to be provided by the end of January, before accounting for housing stock additions, right to buy disposals, and capital expenditure incurred during the financial year.
The Council reviewed the draft and submitted additional questions or challenges, to which the valuer was required to respond within two weeks.
The final valuation reflected movements in the housing stock for additions, disposals, and capital expenditure.
The contract value was AUD 57,500.
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