000			01754nab a22002415a 4500
005			20250512110031.0
007			cu || ||||||aa
008			250512t2025 xxk oo | o000 0 eng |
041	0		_aeng
245	0	0	_aBratt v Jones _h[electronic resource]
260			_aCourt of Appeal (Civil Division) _b[2025] EWCA Civ 562 _c2 May 2025
520			_a[2025] EWCA Civ 562, upholds earlier decision in [2024] EWHC 625 (KB) where the claimant claimed damages from the defendant valuer in relation to his valuation of a freehold development site. The claimant argued that the court should reach a determination as to the true market value of the site as at June 2013, and find that the likely value was £8 million and that the defendant was negligent because his valuation was well outside a 10% margin. The claimant failed to show that the defendant valuer had been negligent where his valuation fell within the bracket of a reasonable range of values, which was plus or minus 15% of the most likely value determined by the court. The appropriate primary approach to valuation of the site was by reference to comparables, but that should be cross-checked by a residual valuation, since developer purchasers would have carried out their own detailed residual calculations in respect of the site, by reference to the anticipated sale proceeds less the costs of construction
650	0		_aRESIDUAL VALUATION
650	0		_aBRATT V JONES
650	0		_aMERRIVALE MOORE PLC V STRUTT & PARKER
650	0		_aCOMPARABLES
650	0		_aPROFESSIONAL NEGLIGENCE
650	0		_aVALUATION
651		4	_aUnited Kingdom
690			_aValuation _96273
856	4	0	_uhttps://www.bailii.org/ew/cases/EWCA/Civ/2025/562.html _zAvailable on BAILII
942			_n0 _2ddc
999			_c122154 _d122154