ASSESSMENT BRIEF

2018
4533 BEKL
INTRODUCTION TO
PROPERTY APPRAISAL

LIVERPOOL JOHN MOORE UNIVERSITY

1. Introduction

This assessment is based around a portfolio submission encompassing a number of tasks

which are specifically linked to the following learning outcomes:

i. Demonstrate an understanding of the concept and purpose of professional

property measurement and valuation standards.
ii. Apply appropriate techniques for the survey, measurement and inspection of land
and property.
iii. Source, analyse and utilise relevant market data and research.
iv. Understand the structure of the property market and the acquisition and disposal
of real estate assets.

2. Lecturer:

This course is moderated by Nurul Masfufah Mahayuddin, Department of Urban Studies. Email
enquiries can be directed to masfufah@imperia.edu.my : mobile no. +60 013 4872767. Consultancy
hours: (0900-1700 hours- Monday to Friday)

3. Assessment Brief:

Task One
As a Real Estate Appraisal firm, your company has been appointed to appraise a residential
property. Your team is instructed to conduct a:

i. Property inspection and survey by using appropriate template to record the information
(including photographs)
ii. Market research and analysis (description of location, property details etc.). You must also
include your opinion of market value and provide a reasoned valuation based on your
analysis of comparable evidence (at least three comparable properties)
iii. Marketing strategy analysis (including marketing methods, cost etc.)

Task Two
Your client is currently expanding their business and requires new commercial property to
accommodate their business. They have approached you for advice on two properties they are
interested in:
 Property A: Purchase the freehold interest
 Property B: Taking a lease and paying rent

You are required to prepare a report relating to both properties which addresses the following
criteria:
 i. Description of both properties: the accommodation and also consider the location,
situation and nature of the building, highlighting the key positive and negative
attributes.
ii. Using appropriate databases and publications provide a detailed overview of the
local and regional market conditions for the selected properties.
iii. Your opinion of market rent for the selected properties based on the comparable
evidence available to you.

Other information:
Types of business: *Students are free to choose type of business
Current location: Menara SUMMIT, USJ
Property A: *will be provided
Property B: *will be provided

4. Assessment Weightage:
Task One (40%)
No. Description Marks
Writing Performance Level
1. Report structure, graphic, figures and tables, format, mechanics, 20
documentation, references etc.
Content Performance Level
1. Property inspection and survey: recorded information, in depth 30
explanation and justification on defects, causes and remedies.
2. Market research and analysis: Overview of the property, types of 35
property ownership, location, valuation etc.
3. Marketing strategy analysis: Choosing appropriate marketing 15
strategies.
Total 100
Weightage 40%

Task Two (50%)

No. Description Marks
Writing Performance Level
1. Report structure, graphic, figures and tables, format, mechanics, 20
documentation, references etc.
Content Performance Level
1. Description of properties 15
2. Property market condition 30
3. Analysis and opinion for both properties 35
Total 100
Weightage 50%

Presentation (10%)
5. Submission Requirement:

Important Dates:
Date of Issue : 18th Sept – 23rd Sept 2018
Submission Date : 3rd Dec – 9th Dec 2018
Date of presentation : 24th Dec – 30th Dec 2018

The submission must contain:

 Presentation material – PowerPoint slide
 Electronic report through CANVAS
 Hard copy

Others:
 The report must be submitted as a SINGLE portfolio (maximum 5000 words) and must be
undertaken on an individual basis
 No submissions will be accepted after the deadline given above, unless supported with
appropriate medical certificate (MC) or other relevant letter of consent from appropriate
personnel

6. Restrictions

Plagiarism or direct copying from internet sources found will consider failed. Plagiarism is the use
without adequate acknowledgment of the intellectual work of another person in work submitted
for assessment. You are also reminded to be selective in obtaining information from the internet.