Lepley v Essex County Council
Series: Rating and Valuation Reporter ; [2001] RVR 147-153(7)Publication details: 2001Subject(s): Summary: LT 24 October 2000. The claimant (L) sought compensation for Essex CC (E)'s compulsory purchase of the subject property which included equestrian facilities, valued at £450,000 in 1999. E valued the property at £330,000 and referred to a near-by scrapyard. Both L and E used comparables to support their valuation of the property. L used 6 including 2 which were settlements agreed with E regarding the same road scheme while E used the same 3 properties as L but disregarded the 2 settlements because they were not open market transactions. It was held that the property's open market value was £375,000; the property being very suitable for the market it was aimed at.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS64346 (Browse shelf(Opens below)) | 1 | Available | 114201-1001 |
LT 24 October 2000. The claimant (L) sought compensation for Essex CC (E)'s compulsory purchase of the subject property which included equestrian facilities, valued at £450,000 in 1999. E valued the property at £330,000 and referred to a near-by scrapyard. Both L and E used comparables to support their valuation of the property. L used 6 including 2 which were settlements agreed with E regarding the same road scheme while E used the same 3 properties as L but disregarded the 2 settlements because they were not open market transactions. It was held that the property's open market value was £375,000; the property being very suitable for the market it was aimed at.