Two three-storey terrace houses on Holland Park Estate, Kensington, with about 81 years of leases unexpired and RVs over £1,000 — Both affected by s19 management scheme — Pattern of valuations adopted by Lands Tribunal in Lloyd-Jones and Norfolk cases followed by parties’ valuers and accepted by present tribunal — Substantial differences between valuers’ estimated values of unencumbered freehold interests (£20,000 in one case, £14,000 in the other) — Evidence of transactions after relevant valuation date accepted as admissible vide Garton v Hunter —- Sale of freehold property two years after relevant date relied on as comparable by landlords’ valuer but rejected as unreliable guide — Unencumbered freehold interest value put by tribunal in each case at £2,000 above tenants’ valuer’s figure — Claim by tenants’ valuer that s19 scheme had depressed value of unencumbered freehold not accepted — Deduction for risk of tenant claiming 1954 Act Part I tenancy on expiry of lease made at landlords’ valuer’s 10% rather than tenants’ valuer’s 34% — 50% division made for marriage value —- Determinations of £4,060 and £3,800 respectively, against tenants’ £1,767 and £1,753 and landlords’ £12,100 and £11,150
Silver and another v Holland House Estates Trustees; ; Exmosbind Property Co Ltd v Strangways Estates Trustees
Two three-storey terrace houses on Holland Park Estate, Kensington, with about 81 years of leases unexpired and RVs over £1,000 — Both affected by s19 management scheme — Pattern of valuations adopted by Lands Tribunal in Lloyd-Jones and Norfolk cases followed by parties’ valuers and accepted by present tribunal — Substantial differences between valuers’ estimated values of unencumbered freehold interests (£20,000 in one case, £14,000 in the other) — Evidence of transactions after relevant valuation date accepted as admissible vide Garton v Hunter —- Sale of freehold property two years after relevant date relied on as comparable by landlords’ valuer but rejected as unreliable guide — Unencumbered freehold interest value put by tribunal in each case at £2,000 above tenants’ valuer’s figure — Claim by tenants’ valuer that s19 scheme had depressed value of unencumbered freehold not accepted — Deduction for risk of tenant claiming 1954 Act Part I tenancy on expiry of lease made at landlords’ valuer’s 10% rather than tenants’ valuer’s 34% — 50% division made for marriage value —- Determinations of £4,060 and £3,800 respectively, against tenants’ £1,767 and £1,753 and landlords’ £12,100 and £11,150
