Property

Unit 3, Waterworth Road, Alwalton Hill, Peterborough, PE7 3AG

Contents

Valuation

Previous rateable value (1 April 2023 to 18 April 2023)

£695,000

This was the rateable value for the property. It is not what you would have paid in business rates or rent. Your local council uses the rateable value to calculate the business rates bill.

Estimate your business rates bill (opens in new tab)

Valuations for this property

Valuations	Effective date	Rateable value
Valuations Future from 1 April 2026	Effective date 1 April 2026	Rateable value £1,540,000
Valuations Current 19 April 2023 to present	Effective date 19 April 2023	Rateable value £1,210,000
Valuations Previous 27 February 2023 to 18 April 2023	Effective date 1 April 2023	Rateable value £695,000
Valuations Previous 13 December 2024 to 31 March 2023	Effective date 23 September 2021	Rateable value £785,000
Valuations Previous 26 September 2022 to 12 December 2024	Effective date 23 September 2021	Rateable value £960,000
Valuations Previous 24 June 2022 to 25 September 2022	Effective date 23 September 2021	Rateable value £965,000

Valuation details

• Description: Warehouse and premises
• Local council: Peterborough
• Local council reference: 109183300404
• Rating list: 2023
• Effective date: 1 April 2023
• Valuation scheme reference: 634332
• Base rate: £50.00
• Measurement method: Gross internal area
• Transitional relief certificate issued: No
• Special category code: 151S

How the rateable value is calculated

The Valuation Office Agency (VOA) uses a ‘rental’ method to value industrial properties like factories, warehouses and workshops.

The VOA gathers information about rents paid for industrial properties. It analyses the information and works out a price per square metre. To get the price per square metre of an individual property, the VOA considers things like property age, location, physical characteristics and features.

The price per square metre is multiplied by the property floor area to get the rateable value.

Plant and machinery, car parking and land that add to the rateable value are shown separately in the valuation.

This property is part of valuation scheme 634332 which includes a price for floor areas and property features.

More about how business properties are valued

Warehouse floor areas

Description	Area m²/unit	£ per m²/unit	Value
Description Ground floor office	Area m²/unit 92.43	£ per m²/unit £59.19	Value £5,471
Description Ground floor reception / entrance	Area m²/unit 161.94	£ per m²/unit £64.58	Value £10,458
Description Ground floor warehouse	Area m²/unit 8,099.22	£ per m²/unit £50.23	Value £406,824
Description Ground floor area under supported floor	Area m²/unit 2,386.41	£ per m²/unit £35.88	Value £85,624
Description Mezzanine floor office	Area m²/unit 932.85	£ per m²/unit £59.19	Value £55,215
Description Mezzanine floor canteen	Area m²/unit 470.46	£ per m²/unit £53.81	Value £25,315
Description Mezzanine floor locker room	Area m²/unit 470.46	£ per m²/unit £51.25	Value £24,111
Description Mezzanine floor office	Area m²/unit 512.64	£ per m²/unit £59.19	Value £30,343
Description Mezzanine floor plant room	Area m²/unit 940.92	£ per m²/unit £15.38	Value £14,471
Description Ground floor canopy	Area m²/unit 36.29	£ per m²/unit £12.81	Value £465
Total	Area m²/unit 14,103.62	£ per m²/unit	Value £658,297

Plant and machinery

Description	Value
Plant and machinery	£40,000
Total	£40,000

Valuation

Total value	£698,297
Rateable value (rounded down)	£695,000

Help with previous valuation

You want to change something in this valuation

You can tell the Valuation Office Agency (VOA) that:

• your property details (such as floor area sizes and parking) need changing
• you think your rateable value is too high

You need a business rates valuation account to tell the VOA yourself or appoint an agent to do it for you.

How to use a business rates valuation account

How the rateable value is calculated

The Valuation Office Agency (VOA) uses a ‘rental’ method to value industrial properties like factories, warehouses and workshops.

The VOA gathers information about rents paid for industrial properties. It analyses the information and works out a price per square metre. To get the price per square metre of an individual property, the VOA considers things like property age, location, physical characteristics and features.

The price per square metre is multiplied by the property floor area to get the rateable value.

Plant and machinery, car parking and land that add to the rateable value are shown separately in the valuation.

This property is part of valuation scheme 634332 which includes a price for floor areas and property features.

More about how business properties are valued

The rateable value and your business rates bill

£695,000 is the rateable value for this property set by the Valuation Office Agency.

It is not what you pay in business rates or rent. Your local council uses the rateable value to calculate your business rates bill.

Business rates are used to partly fund local council services.

Estimate your business rates bill

You may also be entitled to business rates relief.

Business rates relief

Some properties are eligible for discounts from the local council on their business rates. You have to contact your local council to see if you’re eligible and apply.

More about business rates relief

Contact your local council

Compare properties

Compare your property with others like yours and see their:

• rateable values
• rateable value calculations

Report a problem with this page.

If you are having trouble using this service, you can contact us for help.

Email address: ccaservice@voa.gov.uk