Behind much of the valuation work that we undertake for lease extension and freehold purchase, there lies a dispute and none was more graphically illustrated than in the case of a property that we were asked to value in Clapham.
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Valuation under the Leasehold Reform Housing and Urban Development Act 1993 as amended often throws up anomalies which can greatly affect the valuation.
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We have recently been called in to a probate valuation of a property in South London which has been in the same occupation for a number of years where the occupier has failed to seek to purchase the freehold or extend their lease.
Local developers have recently converted their attractive shaker style building in Mitcham into studio rooms to let to try and meet what they consider to be a demand for high specification accommodation which falls between a room to let to lodgers and a purpose built flat.
