23 Menelik Road, Cricklewood, London NW2 3RJ LON/00AG/F77/2023/0275

FIRST-TIER TRIBUNAL
PROPERTY CHAMBER (RESIDENTIAL PROPERTY)
Case No LON/00AG/F77/2023/0275
Between
Mr Max AlterApplicantNorthumberland & Durham Property Trust LimitedRespondentMr Max AlterTenantNorthumberland & Durham Property Trust LimitedLandlord
Before
Mr D Jagger MRICSMr A RingDate 24 November 2023Property: 23 Menelik Road, Cricklewood, London, NW2 3RJ

DECISION

The sum of £1,064 per calendar month will be registered as the fair rent with effect from 24 November 2023, being the date the Tribunal made the Decision. ____________________________________ © CROWN COPYRIGHT 2023 FIRST - TIER TRIBUNAL PROPERTY CHAMBER (RESIDENTIAL PROPERTY) SUMMARY REASONS Background[1]Following an objection from the Landlord to the determination of a fair rent by the Rent Officer, the Tribunal has made a determination under the provisions of the Rent Act 1977. Inspection[2]The Tribunal considered the matter on the papers and did not inspect the property. Evidence[3]The Tribunal has consideration of the tenant’s written submissions. The landlord did not produce any evidence. Determination and Valuation[4]Having consideration of our own expert, general knowledge of rental values in the Cricklewood area, we consider that the open market rent for the property in its current condition would be in the region of £1,900 per calendar month. From this level of rent we have made adjustments in relation to: Terms of tenancy, no white goods, no carpets or curtains, dated kitchen and bathroom fittings which equates to approximately 30%[5]The Tribunal has also made an adjustment for scarcity at 20%[6]The full valuation is shown below: Market Rent £1,900 pm Less approx. 30% £570 £1,330 Less Scarcity approx. 20% 266 £1,064[7]The Tribunal determines a rent of £1,064 per calendar month Decision[8]The uncapped fair rent initially determined by the Tribunal, for the purposes of section 70, was £1,064 per calendar month. The capped rent for the property according to the provisions of the Rent Acts (Maximum Fair Rent) Order 1999 is calculated at £1,202.50 per calendar month. The calculation of the capped rent is shown on the decision form. In this case the lower rent of £1,064 per calendar month is to be registered as the fair rent or this property. Chairman: Duncan Jagger MRICS Date: 24 November 2023 APPEAL PROVISIONS These summary reasons are provided to give the parties an indication as to how the Tribunal made its decision. If either party wishes to appeal this decision, they should first make a request for full reasons and the details of how to appeal will be set out in the full reasons. Any subsequent application for permission to appeal should be made on Form RP PTA