Property

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

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Valuation

Previous rateable value (1 April 2023 to 19 March 2024)

£25,320,000

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 £19,660,000
Valuations Current 9 July 2024 to present	Effective date 26 July 2023	Rateable value £28,070,000
Valuations Previous 20 March 2024 to 8 July 2024	Effective date 26 July 2023	Rateable value £37,250,000
Valuations Previous 1 April 2023 to 19 March 2024	Effective date 1 April 2023	Rateable value £25,320,000
Valuations Previous 29 July 2024 to 31 March 2023	Effective date 25 January 2023	Rateable value £6,460,000
Valuations Previous 20 March 2024 to 28 July 2024	Effective date 25 January 2023	Rateable value £8,180,000
Valuations Previous 14 June 2022 to 19 March 2024	Effective date 30 June 2021	Rateable value £5,510,000
Valuations Previous 5 May 2022 to 13 June 2022	Effective date 29 June 2020	Rateable value £4,920,000

Valuation details

• Description: Film studios and premises
• Local council: Three rivers
• Local council reference: 101004700460
• Rating list: 2023
• Effective date: 1 April 2023
• Valuation scheme reference: 642195
• Base rate: £225.00
• Measurement method: Gross internal area
• Transitional relief certificate issued: No
• 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
Description Ground floor production area	Area m²/unit 1,379.33	£ per m²/unit £225.00	Value £310,349
Description Ground floor production area	Area m²/unit 1,014.58	£ per m²/unit £225.00	Value £228,281
Description First floor production area	Area m²/unit 1,787.19	£ per m²/unit £225.01	Value £402,136
Description Second floor production area	Area m²/unit 1,185.53	£ per m²/unit £225.00	Value £266,744
Description Third floor production area	Area m²/unit 0	£ per m²/unit £90.00	Value £0
Description Fourth floor production area	Area m²/unit 0	£ per m²/unit £90.00	Value £0
Description Ground floor production area	Area m²/unit 191.89	£ per m²/unit £225.00	Value £43,175
Description Ground floor production area	Area m²/unit 209.96	£ per m²/unit £225.00	Value £47,241
Description Ground floor production area	Area m²/unit 90.36	£ per m²/unit £180.00	Value £16,265
Description Ground floor production area	Area m²/unit 378.6	£ per m²/unit £180.00	Value £68,148
Description Ground floor production area	Area m²/unit 16.2	£ per m²/unit £180.00	Value £2,916
Description First floor production area	Area m²/unit 167.04	£ per m²/unit £180.00	Value £30,067
Description First floor production area	Area m²/unit 382.78	£ per m²/unit £180.00	Value £68,900
Description Second floor production area	Area m²/unit 195.54	£ per m²/unit £180.00	Value £35,197
Description First floor production area	Area m²/unit 326.04	£ per m²/unit £180.00	Value £58,687
Description Second floor production area	Area m²/unit 326.04	£ per m²/unit £180.00	Value £58,687
Description Ground floor workshop	Area m²/unit 1,332.38	£ per m²/unit £180.00	Value £239,828
Description Ground floor workshop	Area m²/unit 1,228.38	£ per m²/unit £135.00	Value £165,831
Description Ground floor workshop	Area m²/unit 3,065.18	£ per m²/unit £157.50	Value £482,766
Description Ground floor production area	Area m²/unit 7,968	£ per m²/unit £157.50	Value £1,254,960
Description Ground floor production area	Area m²/unit 2,362.5	£ per m²/unit £157.50	Value £372,094
Description Ground floor production area	Area m²/unit 2,158	£ per m²/unit £225.00	Value £485,550
Description Ground floor production area	Area m²/unit 2,127	£ per m²/unit £225.00	Value £478,575
Description Ground floor production area	Area m²/unit 2,904	£ per m²/unit £270.00	Value £784,080
Description Ground floor production area	Area m²/unit 959	£ per m²/unit £315.00	Value £302,085
Description Ground floor production area	Area m²/unit 3,079	£ per m²/unit £225.00	Value £692,775
Description Ground floor production area	Area m²/unit 3,302	£ per m²/unit £225.00	Value £742,950
Description Ground floor production area	Area m²/unit 3,082	£ per m²/unit £225.00	Value £693,450
Description Ground floor production area	Area m²/unit 1,692	£ per m²/unit £225.00	Value £380,700
Description Ground floor production area	Area m²/unit 1,684	£ per m²/unit £225.00	Value £378,900
Description Ground floor workshop	Area m²/unit 603.71	£ per m²/unit £157.50	Value £95,084
Description Ground floor workshop	Area m²/unit 301.95	£ per m²/unit £157.50	Value £47,557
Description Ground floor workshop	Area m²/unit 427.01	£ per m²/unit £157.50	Value £67,254
Description First floor workshop	Area m²/unit 347.07	£ per m²/unit £157.48	Value £54,657
Description Ground floor gatehouse	Area m²/unit 18.92	£ per m²/unit £135.00	Value £2,554
Description Ground floor gatehouse	Area m²/unit 114.21	£ per m²/unit £135.00	Value £15,418
Description Ground floor external storage	Area m²/unit 1,315	£ per m²/unit £112.49	Value £147,924
Description Ground floor production area	Area m²/unit 11,406	£ per m²/unit £270.00	Value £3,079,620
Description Ground floor production area	Area m²/unit 3,246.12	£ per m²/unit £270.00	Value £876,452
Description Ground floor internal storage	Area m²/unit 41.8	£ per m²/unit £112.50	Value £4,703
Description Ground floor internal storage	Area m²/unit 53.9	£ per m²/unit £112.50	Value £6,064
Description Ground floor internal storage	Area m²/unit 4.5	£ per m²/unit £112.50	Value £506
Description Ground floor internal storage	Area m²/unit 10.12	£ per m²/unit £112.50	Value £1,139
Description Ground floor staff toilets	Area m²/unit 75.9	£ per m²/unit £135.00	Value £10,247
Description Ground floor production area	Area m²/unit 3,246.12	£ per m²/unit £270.00	Value £876,452
Description Ground floor internal storage	Area m²/unit 91.2	£ per m²/unit £112.50	Value £10,260
Description Ground floor internal storage	Area m²/unit 104.88	£ per m²/unit £112.50	Value £11,799
Description Ground floor internal storage	Area m²/unit 20.52	£ per m²/unit £112.50	Value £2,309
Description Ground floor workshop	Area m²/unit 1,506.4	£ per m²/unit £157.50	Value £237,258
Description Ground floor area under supported floor	Area m²/unit 2,903.6	£ per m²/unit £112.47	Value £326,568
Description Ground floor internal storage	Area m²/unit 55	£ per m²/unit £112.50	Value £6,188
Description Mezzanine floor internal storage	Area m²/unit 1,506.4	£ per m²/unit £45.00	Value £67,788
Description Ground floor production area	Area m²/unit 3,305.61	£ per m²/unit £270.00	Value £892,515
Description Ground floor plant room	Area m²/unit 122.3	£ per m²/unit £112.50	Value £13,759
Description Ground floor plant room	Area m²/unit 103.58	£ per m²/unit £112.50	Value £11,653
Description Ground floor workshop	Area m²/unit 1,543.5	£ per m²/unit £157.50	Value £243,101
Description Ground floor staff toilets	Area m²/unit 178.52	£ per m²/unit £135.00	Value £24,100
Description Ground floor plant room	Area m²/unit 37.5	£ per m²/unit £135.00	Value £5,063
Description Ground floor internal storage	Area m²/unit 16.32	£ per m²/unit £225.00	Value £3,672
Description Mezzanine floor workshop	Area m²/unit 1,543.5	£ per m²/unit £78.75	Value £121,551
Description Ground floor area under supported floor	Area m²/unit 1,543.5	£ per m²/unit £141.75	Value £218,791
Description Ground floor production area	Area m²/unit 1,140.75	£ per m²/unit £270.00	Value £308,003
Description Ground floor production area	Area m²/unit 11,259.86	£ per m²/unit £270.00	Value £3,040,162
Description First floor office	Area m²/unit 268.98	£ per m²/unit £297.00	Value £79,887
Description First floor internal storage	Area m²/unit 258.6	£ per m²/unit £175.50	Value £45,384
Description Second floor office	Area m²/unit 1,372.29	£ per m²/unit £297.00	Value £407,570
Description Third floor office	Area m²/unit 1,371.29	£ per m²/unit £297.00	Value £407,273
Description Ground floor production area	Area m²/unit 1,587	£ per m²/unit £270.00	Value £428,490
Description Ground floor production area	Area m²/unit 1,587	£ per m²/unit £270.00	Value £428,490
Description Ground floor office	Area m²/unit 747.41	£ per m²/unit £297.00	Value £221,981
Description First floor office	Area m²/unit 745.03	£ per m²/unit £297.00	Value £221,274
Description Second floor office	Area m²/unit 759.04	£ per m²/unit £297.00	Value £225,435
Description Ground floor plant room	Area m²/unit 317.11	£ per m²/unit £135.00	Value £42,810
Description Ground floor production area	Area m²/unit 3,291.88	£ per m²/unit £270.00	Value £888,808
Description Ground floor staff toilets	Area m²/unit 99.21	£ per m²/unit £135.00	Value £13,393
Description Ground floor plant room	Area m²/unit 171.53	£ per m²/unit £135.00	Value £23,157
Description Ground floor production area	Area m²/unit 4,299	£ per m²/unit £270.00	Value £1,160,730
Description Ground floor plant room	Area m²/unit 165.98	£ per m²/unit £135.00	Value £22,407
Description Ground floor plant room	Area m²/unit 165.98	£ per m²/unit £135.00	Value £22,407
Description Ground floor office	Area m²/unit 748.8	£ per m²/unit £297.00	Value £222,394
Description First floor office	Area m²/unit 748.8	£ per m²/unit £297.00	Value £222,394
Description Second floor office	Area m²/unit 748.8	£ per m²/unit £297.00	Value £222,394
Description Ground floor plant room	Area m²/unit 22.08	£ per m²/unit £135.00	Value £2,981
Total	Area m²/unit 112,265.6	£ per m²/unit	Value £25,231,167

Additional details

Description	Area m²/unit	£ per m²/unit	Value
Description Storage container	Area m²/unit 4645	£ per m²/unit £20.00	Value £92,900
Total	Area m²/unit	£ per m²/unit	Value £92,900

Valuation

Total value	£25,324,067
Rateable value (rounded down)	£25,320,000

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 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

£25,320,000 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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• rateable values
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Email address: ccaservice@voa.gov.uk