Basement, 122, stepney way, stepney way, e1 3bg
Basement and premises Decided 14 December 2021 CHG100246588 JMA Chartered Surveyors
Figures are as stated in the decision, and are values in the 2017 list; a dash means the document does not state that figure. This judgement decided 3 properties together; the figures above are for this appeal's property (Basement, 122 Stepney Way, London, E1 3BG). Every property is listed below.
The 3 properties in this decision
One judgement covered all of these appeals. Each property’s figures as the judgement states them (2017 list); this appeal’s property is highlighted.
| Property | Original RV | Sought | Tribunal decided | Outcome |
|---|---|---|---|---|
| Basement, 126-128 Stepney Way, London, E1 3BG | — | £1,800 | £2,250 | Allowed in part |
| Basement, 124 Stepney Way, London, E1 3BG | — | £1,000 | £1,350 | Allowed in part |
| Basement, 122 Stepney Way, London, E1 3BGThis appeal | — | £1,000 | £1,300 | Allowed in part |
What was argued and what the tribunal found
The appellant argued the basements had no rental value due to poor condition, lack of services, damp and low ceiling heights, proposing RV of £1 or £0. The Valuation Officer argued the properties could be let given their location. The tribunal found a market existed for self-contained basement storage and adopted a comparable property (141-143 Cannon Street at £75/m²) adjusted downward by 50% to £37.50/m² to reflect the inferior age, condition, access, location and lack of services of the appeal properties, determining RV £2,250 for 126-128 Stepney Way, £1,350 for 124 Stepney Way, and £1,300 for 122 Stepney Way.
Summary generated from the decision text and checked against it. The appellant was Zerlan Estates, represented.
Grounds argued
- Rental evidence
- Comparable assessments (tone)
- Valuation method
- Evidence
- Expert report
- Cases cited
- Gardiner & Theobald LLP v David Jackson
- Hearing
- 24 November 2021
Similar decisions
- Basement, 124, stepney way, stepney way, e1 3bg — Allowed in part, 14 Dec 2021
- Basement, 126-128 Stepney Way, E1 3BG — Allowed in part, 14 Dec 2021
- Eph04-01 Level 5 Global Switch House, Nutmeg Lane, E14 2AX — Dismissed, 6 May 2021
Is your own rateable value in line?
A free check compares a property with the assessments around it and says plainly whether there is anything worth pursuing.
Check a propertyThe tribunal’s decision in full
Decision © Crown copyright, published by the Valuation Tribunal Service under the Open Government Licence v3.0 and reproduced unaltered. This site does not index the names of private individuals that appear in decisions. Information, not advice.