What was the value of my property in 1991
Ex Housing Association Property
Asked on Jan 1 2014,
House Prices in Southport |
Are you looking to find out the price of your property so that you can check the council tax band? If so, then you do not need to know the actual price itself - a simple visit to the site voa.gov.uk will allow you to perform a search on the house and street in question, which will show you what the tax band has been calculated at.
If you need to know for another reason, then this is something you can do by visiting sites of banks like Lloyds TSB, some of which offer calculators that can estimate what your home would have been worth in 1991. This is done by looking at average appreciation in value, so is not exactly spot on, but it should be able to give you a ballpark figure of what the price would have been back then.
Answered on Jan 2 2014,
Hi Scott - You have been most helpful. Let me explain. I bought an ex-housing assoc. property in 2012 for £80,000 2-bed (very small flat). The properties originally belonged to Victoria Housing Association which they then sold mine on in 2005 to Harewood Housing Association for the sum of £15,461.20 which was a lower market value as most of the tenants took up the offer to buy their own flat. I have just been through a Tribunal but I did not win my case. I felt that the Valuation Office had been unfair in that they did not have a shred of evidence regarding the value of my flat in 1991 and said that the nearest property to mine was a council property which I might add was not "similar" to mine as my kitchen is in my lounge (kitchen sink, washer etc), I have no balcony, no gardens to sit in and I cannot "sublet" my property etc. My opinion was that the Tribunal panel were bias towards the Valuation Office because had they moved my banding from B to A they would have had to do that for other people and I think that had a lot to do with my case. I certainly do not think my flat was worth £40,000 in 1991 - some 22 years ago considering what I paid in 2012. I did try the Lloyds TSB calculator but somehow I could not work out the calculation. I didn't understand the Q1 ref. If you can tell me how to do the calculation I will have a go myself.
Thanks for being genuinely interested in my case. The only thing I can do now is to go through the High Court and appeal but that sounds very expensive. Vivishef
Answered on Jan 2 2014,
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