37 Sandringham Flats, Charing Cross Road, London WC2H 0BJ LON/00BK/F77/2024/0152

FIRST-TIER TRIBUNAL
PROPERTY CHAMBER (RESIDENTIAL PROPERTY)
Case No LON/00BK/F77/2024/0152
Between
Mr A SmithApplicantSoho Housing AssociationRespondentMr A SmithTenantSoho Housing AssociationLandlord
Before
Mr D Jagger MRICSDate 18 June 2024Property: 37 Sandringham Flats, Charing Cross, Road, London, WC2H 0BJ

DECISION

The sum of £263.50 per calendar week will be registered as the fair rent with effect from 18 June 2024, being the date, the Tribunal made the Decision. ____________________________________ © CROWN COPYRIGHT 2023 SUMMARY REASONS FIRST - TIER TRIBUNAL PROPERTY CHAMBER (RESIDENTIAL PROPERTY) 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. Inspection[2]The Tribunal did not inspect the property and relied on the information provided by the Rent Officer together with Google Street Maps and its expert knowledge. Evidence 3.. The Tribunal had copies of the Valuation Office Agency correspondence including the rent registers effective 17th January 2024 and 28th February 2020 together with the calculations for the most recent registration. The Landlord completed the Reply Form and no comparable evidence was provided by the parties. Determination and Valuation[4]Having consideration of our own expert, general knowledge of rental values in the Leicester Square area, we consider that the open market rent for the property in its current condition would be in the region of £508.00 per calendar week. From this level of rent we have made adjustments in relation to: Terms of tenancy, no white goods, no carpets or curtains, which equates to approximately 15%[5]The Tribunal has also made an adjustment for scarcity at 20%[6]The full valuation is shown below: Market Rent £508.00 pw Less (as above) approx. 15% £76.20 Leaves: £431.80 Less Scarcity approx. 20% £86.36 Leaves: £345.44[7]The Tribunal determines a rent of £263.50 per calendar week Decision[8]The capped fair rent determined by the Tribunal, for the purposes of section 70, was £263.50 per calendar week. The uncapped rent for the property according to the provisions of the Rent Acts (Maximum Fair Rent) Order 1999 is calculated at £345.44 per calendar week. The calculation of the capped rent is shown on the decision form. In this case the lower rent of £263.50 per calendar week is to be registered as the fair rent for this property. Chairman: Duncan Jagger MRICS Date: 18 June 2024 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