Property

Warner Bros Studios Leavesden Warner Drive, Leavesden, Watford, WD25 7LP

Contents

Valuation

Previous rateable value (30 June 2021 to 19 March 2024)

£5,510,000

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

Valuations for this property

Valuations Help with Valuations Effective date Help with Effective date Rateable value
CURRENT 20 March 2024 to present 26 July 2023 £37,250,000
PREVIOUS 1 April 2023 to 19 March 2024 1 April 2023 £25,320,000
PREVIOUS 20 March 2024 to 31 March 2023 25 January 2023 £8,180,000
PREVIOUS 14 June 2022 to 19 March 2024 30 June 2021 £5,510,000
PREVIOUS 5 May 2022 to 13 June 2022 29 June 2020 £4,920,000

Valuation details

Description Help with Description
Film studios and premises
Local council
Three rivers
Local council reference Help with Local council reference
101004700460
Rating list Help with Rating list
2017
Effective date Help with Effective date
30 June 2021
List alteration date Help with List alteration date
14 June 2022
Valuation scheme reference Help with Valuation scheme reference
435474
Base rate Help with Base rate
£50.00
Measurement method Help with Measurement method
Gross internal area
Transitional relief certificate issued Help with Transitional relief certificate issued
No
Special category code Help with Special category code
100S

How the rateable value is calculated

The Valuation Office Agency (VOA) uses various methods to value properties. A ‘rental’ method is used most often.

The VOA gathers information about rents paid for properties. It analyses the information and works out a price per square metre. It may consider things like property age, construction and location. The price per square metre is applied to the floor area of the property.

More about how business properties are valued

Film studios floor areas
Description Area m²/unit £ per m²/unit Value Help with Value
Ground floor production area 1,379.33 £50.00 £68,967
Ground floor production area 1,014.58 £50.00 £50,729
First floor production area 1,787.19 £50.00 £89,360
Second floor production area 1,185.53 £50.00 £59,277
Third floor production area 0 £17.50 £0
Fourth floor production area 0 £15.00 £0
Ground floor production area 191.89 £50.00 £9,595
Ground floor production area 209.96 £50.00 £10,498
Ground floor production area 90.36 £40.00 £3,614
Ground floor production area 378.6 £40.00 £15,144
Ground floor production area 16.2 £40.00 £648
First floor production area 167.04 £40.00 £6,682
First floor production area 382.78 £40.00 £15,311
Second floor production area 195.54 £40.00 £7,822
First floor production area 326.04 £40.00 £13,042
Second floor production area 326.04 £40.00 £13,042
Ground floor workshop 1,332.38 £40.00 £53,295
Ground floor workshop 1,228.38 £30.00 £36,851
Ground floor workshop 3,065.18 £35.00 £107,281
Ground floor production area 7,968 £35.00 £278,880
Ground floor production area 2,362.5 £35.00 £82,688
Ground floor production area 2,158 £50.00 £107,900
Ground floor production area 2,127 £50.00 £106,350
Ground floor production area 2,904 £60.00 £174,240
Ground floor production area 959 £70.00 £67,130
Ground floor production area 3,079 £50.00 £153,950
Ground floor production area 3,302 £50.00 £165,100
Ground floor production area 3,082 £50.00 £154,100
Ground floor production area 1,692 £50.00 £84,600
Ground floor production area 1,684 £50.00 £84,200
Ground floor workshop 603.71 £35.00 £21,130
Ground floor workshop 301.95 £35.00 £10,568
Ground floor workshop 427.01 £35.00 £14,945
First floor workshop 347.07 £35.00 £12,147
Ground floor gatehouse 18.92 £30.00 £568
Ground floor gatehouse 114.21 £30.00 £3,426
Ground floor external storage 1,315 £25.00 £32,875
Ground floor production area 11,406 £60.00 £684,360
Ground floor production area 3,246.12 £60.00 £194,767
Ground floor internal storage 41.8 £25.00 £1,045
Ground floor internal storage 53.9 £25.00 £1,348
Ground floor internal storage 4.5 £25.00 £113
Ground floor internal storage 10.12 £25.00 £253
Ground floor staff toilets 75.9 £25.00 £1,898
Ground floor production area 3,246.12 £60.00 £194,767
Ground floor internal storage 91.2 £25.00 £2,280
Ground floor internal storage 104.88 £25.00 £2,622
Ground floor internal storage 20.52 £25.00 £513
Ground floor workshop 1,506.4 £35.00 £52,724
Ground floor area under supported floor 2,903.6 £24.99 £72,561
Ground floor internal storage 55 £25.00 £1,375
Mezzanine floor internal storage 1,506.4 £10.00 £15,064
Ground floor production area 3,305.61 £60.00 £198,337
Ground floor plant room 122.3 £25.00 £3,058
Ground floor plant room 103.58 £25.00 £2,590
Ground floor workshop 1,543.5 £35.00 £54,023
Ground floor staff toilets 178.52 £25.00 £4,463
Ground floor plant room 37.5 £30.00 £1,125
Ground floor internal storage 16.32 £50.00 £816
Mezzanine floor workshop 1,543.5 £17.50 £27,011
Ground floor area under supported floor 1,543.5 £31.50 £48,620
Ground floor production area 1,140.75 £60.00 £68,445
Ground floor production area 11,259.86 £60.00 £675,592
First floor office 268.98 £66.00 £17,753
First floor internal storage 258.6 £39.00 £10,085
Second floor office 1,372.29 £66.00 £90,571
Third floor office 1,371.29 £66.00 £90,505
Ground floor production area 1,587 £60.00 £95,220
Ground floor production area 1,587 £60.00 £95,220
Ground floor office 747.41 £66.00 £49,329
First floor office 745.03 £66.00 £49,172
Second floor office 759.04 £66.00 £50,097
Ground floor plant room 317.11 £30.00 £9,513
Ground floor production area 3,291.88 £60.00 £197,513
Ground floor staff toilets 99.21 £25.00 £2,480
Ground floor plant room 171.53 £30.00 £5,146
Ground floor production area 4,299 £60.00 £257,940
Ground floor plant room 165.98 £30.00 £4,979
Ground floor plant room 165.98 £30.00 £4,979
Ground floor office 748.8 £66.00 £49,421
First floor office 748.8 £66.00 £49,421
Second floor office 748.8 £66.00 £49,421
Ground floor plant room 22.08 £30.00 £662
Total 112,265.6 £5,605,152
Additional details
Description Area m²/unit £ per m²/unit Value Help with Value
Storage container 4645 £20.00 £92,900
Total £92,900
Car parks
Spaces Area Value Help with Value
2150 £107,500
Total £107,500
Adjustments made to property
Description Adjustment Help with Adjustment
Size or quantity allowance -0.05%
Total £-290,278
Valuation
Total value £5,515,274
Rateable value (rounded down) £5,510,000
Get help with this valuation

Help with previous valuation

You want to change something in this valuation

You can no longer tell the Valuation Office Agency (VOA) about changes to property details (by sending a Check case) for any valuations on the 2017 rating list.

You can tell the VOA you think the rateable value was too high by sending a Challenge case. You must have sent a Check case before 1 April 2023 and (any of these apply):

  • you send the Challenge case within 4 months of the Check case decision
  • you have waited more than 12 months and not received a Check case decision
  • the Challenge case is about a change in the local area (such as long-term roadworks), you send it within 16 months of sending the Check case and you have received our Check case decision

You can also tell the VOA you think the rateable value was too high if (any of these apply):

  • the VOA have altered this valuation in the last 6 months
  • a court decision affected this property’s rateable value

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

Sign in or register for an account

How to use a business rates valuation account

How the rateable value is calculated

The Valuation Office Agency (VOA) uses various methods to value properties. A ‘rental’ method is used most often.

The VOA gathers information about rents paid for properties. It analyses the information and works out a price per square metre. It may consider things like property age, construction and location. The price per square metre is applied to the floor area of the property.

More about how business properties are valued

The rateable value and your business rates bill

£5,510,000 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

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