Summary valuation for 28 -31, Gilbert, South Street, Sheffield, S2 5QY
This is the summary valuation.
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Parts of the property
|Floor||Description||Area m²/unit||Price per m²/unit||Value|
|Sub total area per m² 375.04||Property parts sub total rateable value £22,256|
|Total value: £22,256|
How the valuation was calculated
The Valuation Office Agency (VOA) puts similar properties into a group called a valuation scheme and:
- applies a range of values per m² (or unit) to the valuation scheme
- applies a base rate to individual properties in the scheme
The base rate for this property is £60.00 per m²/unit .
The VOA measured this property using a method called net internal area (NIA).
NIA measures the useable area within a property. Spaces such as toilets, cleaners′ cupboards, lift rooms, boiler rooms and some plant rooms are not included.
If necessary, the VOA then make adjustments to the rate given to each of the property’s different parts.
The rateable value of this property is the sum of all the rates given to its different parts, rounded down to £22,250.
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