How much does an average property valuation cost in Newport?

• Estate agent valuation: Davis & Sons advertise free residential valuations via their Value My Home / Get in touch page for Newport and surrounding areas.
• When you pay: Fees usually apply for formal valuations needed for Help to Buy, shared-ownership, probate, divorce or other legal and tax purposes.
• Typical RICS valuation costs: Independent guides suggest RICS valuations for an average UK home often fall in the low hundreds of pounds, depending on size, location and purpose.
• Separate from surveys: A basic mortgage valuation is not the same as a full survey; you may still want an RICS Home Survey for peace of mind when buying.
• Next step: Start with a free Davis & Sons appraisal to understand likely marketing price, then ask whether you also need a paid RICS valuation.

There are two broad types of property valuation in Newport. The first is a market appraisal from an estate agent like Davis & Sons, which is typically free and used to set an asking price for selling or letting. This draws on the agent's knowledge of recent local sales, buyer demand and comparable properties.

The second is an RICS valuation carried out by a chartered surveyor. This is a formal report used for mortgage lending, Help to Buy redemptions, probate or legal matters, and it comes with a fee. In practice, many homeowners start with a free estate agent valuation and then commission an RICS report only if required.