Basement, 126-128 Stepney Way, E1 3BG
Basement and premises Decided 14 December 2021 CHG100246591 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, 126-128 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 3BGThis appeal | — | £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 3BG | — | £1,000 | £1,300 | Allowed in part |
What was argued and what the tribunal found
The appellant contended that self-contained basements at three Stepney Way properties lacked services, had poor access and were uninhabitable for letting purposes, arguing for RVs of £0 or £1. The tribunal found that given the location, a market would exist despite limitations, and valued them by reference to a comparable basement property at 141-143 Cannon Street (£75/m²) adjusted by 50% (to £37.50/m²) to account for lack of services, inferior location, and poorer condition. Appeals were allowed in part with RVs set at £2,250, £1,350 and £1,300 respectively.
Summary generated from the decision text and checked against it. The appellant was Zerlan Estates, represented.
Grounds argued
- Comparable assessments (tone) · decisive
- Valuation method
- Relief or exemption
- Evidence
- Rents, Expert report
- Hearing
- 24 November 2021
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