Village Rates update following a meeting with Landgate on 5th November 2014
The anticipated meeting with Mr Edward Rasts the Landgate District Valuer and his assistant took place in the village today. I had invited Des Cousins to join in the discussions given his wide knowledge of village affairs. This was fundamentally an initial briefing for landgate into the many discrepancies and disproportionate GRVs that had been applied to various village properties in the latest revaluation.
A number of examples were tabled to demonstrate the size of the problem. For example we established that a 1 bed 1 study apartment was recorded in their data base as having two bedrooms. The modelling used by Landgate apparently only considers overall floor area and the number of bedrooms & bathrooms, with a percentage increase on valuation applied for properties with sea views for example.
During our subsequent village walk around we pointed out a sizeable villa that has the same GRV as a 1 bed 1 study apartment. It was apparent that the Landgate property data was out of date with regard to sea views and property layout and floor area. Incorrect data is possibly associated with the progressive phased building of the village, so that as properties were added incorrect assumptions were made that these new properties were the same design and layout as a previous phase. Many properties at that time had sea views that now no longer exist due to subsequent building works.
At our request Village management have agreed to supply copies of property floor plans within the next few days and Des Cousins has kindly agreed to check these out for correctness before we submit them to Landgate for inserting into their data base.
Once all the property updating is in place we will then hold a further detailed meeting to establish what actuall GRV corrections might be considered.
Stuart Moles
The anticipated meeting with Mr Edward Rasts the Landgate District Valuer and his assistant took place in the village today. I had invited Des Cousins to join in the discussions given his wide knowledge of village affairs. This was fundamentally an initial briefing for landgate into the many discrepancies and disproportionate GRVs that had been applied to various village properties in the latest revaluation.
A number of examples were tabled to demonstrate the size of the problem. For example we established that a 1 bed 1 study apartment was recorded in their data base as having two bedrooms. The modelling used by Landgate apparently only considers overall floor area and the number of bedrooms & bathrooms, with a percentage increase on valuation applied for properties with sea views for example.
During our subsequent village walk around we pointed out a sizeable villa that has the same GRV as a 1 bed 1 study apartment. It was apparent that the Landgate property data was out of date with regard to sea views and property layout and floor area. Incorrect data is possibly associated with the progressive phased building of the village, so that as properties were added incorrect assumptions were made that these new properties were the same design and layout as a previous phase. Many properties at that time had sea views that now no longer exist due to subsequent building works.
At our request Village management have agreed to supply copies of property floor plans within the next few days and Des Cousins has kindly agreed to check these out for correctness before we submit them to Landgate for inserting into their data base.
Once all the property updating is in place we will then hold a further detailed meeting to establish what actuall GRV corrections might be considered.
Stuart Moles
