Flat A 17 Seven Sisters Road, London N7 6AN LON/00AU/F77/2024/0663

FIRST-TIER TRIBUNAL
PROPERTY CHAMBER (RESIDENTIAL PROPERTY)
Case No LON/00AU/F77/2024/0663
Between
Mrs Sylvia FowlerApplicantBank of Scotland PLC c/o Connells GroupRespondentMrs Sylvia FowlerTenantBank of Scotland PLC c/o Connells GroupLandlord
Before
Mr D Jagger MRICSDate 15 January 2025Property: Flat A, 17 Seven Sisters Road, London N7, 6AN

DECISION

The sum of £1298 per month will be registered as the fair rent with effect from 15 January 2025 being the date the Tribunal made the Decision. ____________________________________ FIRST - TIER TRIBUNAL PROPERTY CHAMBER (RESIDENTIAL PROPERTY) 2 © CROWN COPYRIGHT 2023 SUMMARY REASONS Background[1]Following an objection from the Tenant 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. Evidence[3]The Tribunal has consideration of the Rent Officers calculations. Neither party provided the Tribunal with any written submissions or evidence of rental levels for comparable properties in the area. Determination and Valuation[4]Having consideration of our own expert, general knowledge of rental values in the Holloway area, we consider that the open market rent for the property in its current condition would be in the region of £2800 per month. From this level of rent we have made adjustments in relation to: no white goods, no carpets or curtains, dated fittings and terms of the tenancy which equates to approximately 20%[5]The Tribunal has also made an adjustment for scarcity at 20%[6]The full valuation is shown below: Market Rent £2800 pm Less approx. 20% £560 Terms and condition Leaves £2240 Less Scarcity approx. 20% £448 Leaves £1792 pm 3[7]The Tribunal determines a rent of £1792 per calendar month Decision[8]The uncapped fair rent initially determined by the Tribunal, for the purposes of section 70, was £1792 per month. The capped rent for the property according to the provisions of the Rent Acts (Maximum Fair Rent) Order 1999 is calculated at £1298 per calendar month The calculation of the capped rent is shown on the decision form. In this case the lower rent of £1298 per month is to be registered as the fair rent for this property effect from 15 January 2025 being the date the Tribunal made the Decision. Chairman: Duncan Jagger MRICS Date: 15 January 2025 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