Case Study Flashcards
What was the guide and reserve price for the auction?
Guide price: £385,000
Reserve price: £400,000
What is the EPC rating for Park Road?
E-120
What was the use class?
F1
What was the structure of the building? (3)
- Concrete block construction on a strip foundation
- Corrugated cement roof sheeting over a trussed roof
- Gable end wall with parapet on each side, creating a weak point as exposed to the weather
What permitted development or alternative uses are permitted for Class F1 uses?
- No permitted development from Class F1 to other use classes
- However, no planning permission is needed to move from one F1 use to another
- Others within F1 include museums, a public library, law court, religious instruction
What class does F1 fall within?
- Use class F, known as the Forgotten Class
- Split into F1: Learning and non-residential institutions, and;
- F2: Local community
What age would you suggest the property is and how can you tell this?
- It was built at some point after 1954
- I could tell from going on the Richmond planning portal
Why did you measure on a GIA basis? (2)
- Due to all of the comparable evidence also being measured on a GIA basis
- Also as not an office or residential unit, RICS Property Measurement, 2018 doesn’t apply
As the site was a potential development site, what future uses did you consider likely or feasible for the site? (3)
Use Class E: e.g. creche or nursery etc.
Use Class F2: e.g. local community hall
Use Class C: e.g. residential dwellings
What did the local plan have the areas identified as, or any restrictions you considered concerning? (2)
- Although not within a conservation area, it is on the boundary of Park Road, Teddington Conservation area, which may impact planning officer’s consideration or any future development
- Several trees among the southern boundary, however, there were no TPOs established
Who recommended the marketing strategy, you or the valuer? (2)
- The valuer recommended a marketing strategy, however, with multiple options depending on the outcome of certain bits of research. For example, whether there are any TPOs.
- Therefore, I did the research and recommended the final advice based on the outcomes
What was the size of the sale board?
It was a flat board of 1.2m by 0.9m so planning permission wasn’t needed
Where can you find guidance for risk assessments?
Health & Safety at Work 1974
What is the difference between a S119 valuation and a red book valuation? (3)
- An S119 valuation report recommends the marketing/method of sale steps to achieve the best value
- Needs to report if there are any repairs or alterations needed before disposal
- The second S119 report must be undertaken after an offer has been accepted and must report on whether it has been adequately advertised
Where would you find guidance on valuations for charitable organisations?
VPGA 8 of the UK National Supplement
