UTLC LEASEHOLD ENFRANCHISEMENT – house used mainly for accommodating overseas students – price – whether existing use a hostel or house in multiple occupation – prospects of obtaining planning permission for change of use to single house or flats – whether property to be valued by discounting potential residential value or by adding hope value to existing use value – deferment rate – whether Sportelli provides appropriate starting point – if so whether house or flats rate relevant, whether addition should be made to Sportelli rate and, if so, how much – where in valuation should effect of statutory tenant and cost of removing restrictive covenant appear – enfranchisement price reduced from andpound;883,955 to andpound;606,861
Citations:
[2010] UKUT 236 (LC)
Links:
Jurisdiction:
England and Wales
Landlord and Tenant
Updated: 25 August 2022; Ref: scu.425224
