Evaluation survey for a studio flat in Southampton

First of all, sorry, I am not sure that "evaluation survey " is the right technical term for checking the conditions of the flat and of the building.

I have been asked for 200. The studio flat in about 40 square meters (430 sq. foot?)

Is it a fair price? I heard of 400 for a big house in the country, so I was expecting to be asked to pay something like 100.

Any idea? Where can I compare prices among different companies for the same job?

Thanks. Irena

The UK relies less on exact size for pricing than the rest of Europe.

I assume you mean 200,000? This is a lot of money for a studio flat - is it in London?

I would be wary of studio/one bedroom flats in any property slump. It took a friend of mine 10 years to sell her one bedroom flat at barely more than her purchase price in 1989.

A Report for Valuation purposes is really just that, and takes no more than a rudimentary view of the condition of the property. It is there for the lender to base the loan value on.

Sorry, overlooked that you already said the flat was in Southampton. :(

I think she is talking about 200 for a valuation survey. Too long since I had one done to comment on it, but it doesnlt seem too cheap. Cheapest version is the homebuyer valuation which just confirms it exists and is worth the sort of money the buyers is asking. These should cost from 100 according to

In message , Doug Ramage writes

I read it that the report was going to cost £200 (which seems fair enough to me)

Too right!

In message , John Bishop writes

I think its for a lender's valuation I think.

No its lender's valuation that costs £100 which is for the lender only although most mortgagees let you see it.

The 'Homebuyers' survey is more expensive and more comprehensive.

I think you may have misread the above link.

Oh dear. :(

I am sure that you and John Bishop are correct that the OP was referring to the cost of the Report and not the property.

I thought I was fairly alert this morning - but obviously, brain still in bed. :)

It's sunday, so you have some excuse!, lol

Thanks to all you guys,

That's what I wanted to know.

Yes, I meant a valuation survey. :-) Thanks for the links too.

Cheers, Irena