Rebuild cost assessments for blocks of flats in London
Whole-building RICS rebuild cost assessments for freeholders, residents’ management companies, RTM companies and managing agents, with on-site surveys across London and desktop surveys UK-wide.
Meet your duty to insure
Most residential leases require the landlord or management company to insure the building for its full reinstatement value. An up-to-date rebuild cost assessment helps you meet that obligation and shows leaseholders how the sum insured was reached.
What the assessment covers
- The whole structure, including roofs and balconies
- Communal entrances, stairs and corridors
- Lifts, plant rooms and building services
- Basements, car parks, bin and cycle stores
- Boundary walls, gates, landscaping and external works
- Demolition, site clearance, professional fees and VAT
Who we work with
- Freeholders and landlords
- Residents’ management companies (RMCs)
- Right to manage (RTM) companies
- Managing agents and block managers
- Housing providers with several blocks
Keeping the figure current
RICS recommends a full rebuild cost assessment at least every three years, with the figure index-linked each year in between. Reassess sooner after major works such as a new roof, an extension or remediation works.
Is your block insured for the right amount?
Get a RICS rebuild cost assessment for the whole building.
Blocks of flats FAQs
Common questions about block of flats rebuild cost assessments.
For blocks in London we recommend an on-site survey, because access, communal areas and external works all affect the rebuild cost. Blocks elsewhere in the UK can be assessed with a desktop survey from drawings, measurements and photographs.
Yes. The report sets out the method, the measurements and the rebuild figure clearly, so it can be shared with leaseholders, directors and your insurance broker.
RICS recommends a full assessment at least every three years, with annual index-linking in between, and a fresh assessment after any major works.
Yes. We assess portfolios of blocks for managing agents and housing providers, with consistent reports across every building.
