Other

Question 1

What legislation is in place for compulsory purchases?

Answer 1

Compulsory purchase order CPO which is valid for 3 years.

. Acquisition of Land Act 1981
. Planning & Compulsory Purchase Act 2004
. Land Compensation Act 1961

Question 2

What is a blight notice?

Answer 2

A blight notice is a legal notice to serve on an authority responsible for the proposed development for them to buy your home sooner so in theory you are performing the reverse of a compulsory purchase

Question 3

What is an AVM?

Answer 3

Automated Valuation models!

It is a system developed using algorithms.

Not ideal for complex cases or high value investment properties

Question 4

What basis should reposted property be valued on?

Answer 4

PMV - Projected Market Value subject to the fact it will exchange at a future date

Question 5

What is a contemporary valuation method?

Answer 5

One where a Discounted Cash Flow DCF technique is used