Short answer
A deceased estate property valuation is an assessment of market value prepared as at a specified date, commonly the date of death or another date advised by the executor, solicitor or accountant.
The valuer does not determine probate requirements, beneficiary entitlements, estate taxation consequences or CGT treatment. Those matters should be confirmed by the appropriate legal or taxation adviser.
Start here
Estate matters often require clear value evidence for real property held by the deceased person or estate.
The property may be owner-occupied, vacant, tenanted, partly renovated, affected by defects or assessed retrospectively as at the date of death.
The valuer needs clear instructions about the property interest, valuation date, intended user and any documents that may assist with the assessment.
Information that may assist
Useful documents may include title details, executor instructions, date-of-death confirmation, rates notices, lease details, photographs, building reports, plans, renovation information and any prior valuation or sale evidence.
For retrospective matters, evidence of property condition at or near the valuation date can be particularly helpful.
Common questions
- What is a date-of-death property valuation?
- What documents are needed for a deceased estate valuation?
- Who instructs a deceased estate valuation?
- What is a retrospective deceased estate valuation?
- Is probate value the same as market value?
- Can a deceased estate valuation be updated?
Discuss your valuation instruction
Provide the property address, the executor or authorised instructing party, the valuation purpose and the date confirmed by the estate’s solicitor or accountant. Historical photographs and property records can assist where a past date is relevant.
Related glossary
- Deceased Estate
- Date of Death
- Market Value
- Date of Valuation
- Retrospective Valuation
- Executor
- Reliance
- Assumption
- Limitation
- Valuation Report
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Prepared by:
Tigran Amiyants, Certified Practising Valuer (CPV), Managing Director, Northbourne Valuers.
Last reviewed:
12 September 2026.
General information note:
This page provides general information only and does not constitute valuation, legal, taxation or financial advice. Every valuation depends on the specific property, purpose, valuation date, evidence, assumptions and instructions. Legal, taxation and financial matters should be discussed with the appropriate qualified adviser.