From Learning to Valuing: My Summer at Rowland Burkitt

As a student interested in pursuing a career in the property industry, I was keen to gain an understanding of what working in the sector is really like. Over the summer, I had the opportunity to work at Rowland Burkitt gaining experience in commercial property valuations, and in particular, business rates valuations.

During my first week, I began by learning the fundamentals of business rates, including understanding rateable values and how business rates reliefs can affect a business's liability. This provided an important foundation before I began applying this knowledge to commercial properties. One of my first tasks was completing a desktop review, where I looked at rental evidence, the rating list, factual information and used specialised software to consider whether there could be potential for an appeal before an inspection.

The opportunity to get out and inspect properties was one of the most valuable parts of my experience. During my first inspection in Sheffield (please see the photograph above), I developed my skills in taking measurements and drawing plans to Gross Internal Area, while comparing the physical characteristics of the property with the information held by the Valuation Office. As the summer progressed, I became increasingly confident carrying out these tasks and identifying potential issues myself. 

I also had the chance to experience how different types of properties are approached for rating purposes. During an inspection in Doncaster, I learnt about the way Golf Ranges are valued and how trading potential can influence their rental value. This demonstrated to me that property valuation is not simply about measuring a building but understanding the circumstances that can influence its value. 

A particular highlight was completing a full desktop review and a valuation of a Snooker Club, including measuring the property and checking whether the areas recorded by the Valuation Office were accurate. By this stage, I understood the reasoning behind the valuation process and further used specialised rating software to identify where savings could be made. From this in-depth analysis, we were able to identify a significant difference in our valuation compared to that of the Valuation Officer’s. Hence, I was able to assist in submitting a formal Check case to the Valuation Office Agency, which drew on all the relevant evidence.

Alongside the technical experience, the summer also gave me an insight into the wider professional side of property. Attending a networking event in Northallerton showed me the importance of communication and building relationships within the industry.

Overall, my summer has given me a much clearer understanding of business rates and valuations. More importantly, it has confirmed my interest in pursuing a career in property and given me practical experience and greater confidence that I can carry forward into my future studies and career.