Market Value is the estimated amount for which a property should exchange on the date of valuation between a willing buyer and a willing seller in an arms-length transaction after proper marketing wherein the parties had each acted knowledgeably, prudently, and without compulsion.

We often value properties using "The Comparable Method"; In simple terms we locate properties nearby that offer the same accommodation and have recently sold. We then weigh this with anything unusual that may have arisen from the survey. This gives a likely value that the subject property should sell for on the open market within 3 months or so.