Property

11, Market Place, Ely, Cambs, CB7 4NP

Contents

Valuation

Previous rateable value (1 April 2023 to 8 May 2025)

£73,000

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 Current 1 April 2026 to present	Effective date 1 April 2026	Rateable value £81,000
Valuations Previous 9 May 2025 to 31 March 2026	Effective date 15 February 2024	Rateable value £81,000
Valuations Previous 1 April 2023 to 8 May 2025	Effective date 1 April 2023	Rateable value £73,000
Valuations Previous 1 April 2017 to 31 March 2023	Effective date 1 April 2017	Rateable value £73,000

Valuation details

• Description: Shop and premises
• Local council: East cambridgeshire
• Local council reference: 901005287636
• Rating list: 2023
• Effective date: 1 April 2023
• Valuation scheme reference: 589734
• Base rate: £375.00
• Measurement method: Net internal area
• Transitional relief certificate issued: No
• Special category code: 154G

How the rateable value is calculated

The Valuation Office Agency (VOA) uses a ‘rental’ method to value high street businesses like shops, hairdressers, betting shops and banks.

The VOA gathers information about rents paid for shops and businesses. It analyses the information and works out a price per square metre. It also considers local conditions and things like unusual shops shapes, split levels and sales areas hidden by pillars.

Zoning is used to apply the price per square metre to the property and get the rateable value. Each zone covers the width of the shop and usually has a depth of 6.1 metres. Zone A starts at the shop window. As you move further into the shop, each zone is half the value of the one before it. Spaces like store rooms or upstairs offices are valued but not as a zone.

Features such as air conditioning and lifts may be shown separately in the valuation.

This property is part of valuation scheme 589734 which groups comparable properties together.

More about how business properties are valued

Shop floor areas

Description	Area m²/unit	£ per m²/unit	Value
Description Ground floor retail zone a	Area m²/unit 67.1	£ per m²/unit £337.50	Value £22,646
Description Ground floor retail zone b	Area m²/unit 70.4	£ per m²/unit £168.75	Value £11,880
Description Ground floor retail zone c	Area m²/unit 70.4	£ per m²/unit £84.38	Value £5,940
Description Ground floor retail zone d	Area m²/unit 488.1	£ per m²/unit £42.19	Value £20,593
Description Ground floor internal storage	Area m²/unit 28.3	£ per m²/unit £33.75	Value £955
Description Basement floor internal storage	Area m²/unit 26.4	£ per m²/unit £16.88	Value £446
Description Mezzanine floor internal storage	Area m²/unit 14	£ per m²/unit £16.88	Value £236
Description Mezzanine floor office	Area m²/unit 19.5	£ per m²/unit £16.88	Value £329
Description First floor internal storage	Area m²/unit 313.1	£ per m²/unit £16.88	Value £5,285
Description First floor kitchen	Area m²/unit 8.3	£ per m²/unit £16.88	Value £140
Description First floor mess/staff room	Area m²/unit 41.2	£ per m²/unit £16.88	Value £695
Description First floor internal storage	Area m²/unit 38.4	£ per m²/unit £16.88	Value £648
Description First floor office	Area m²/unit 17.6	£ per m²/unit £16.88	Value £297
Description First floor internal storage	Area m²/unit 16.4	£ per m²/unit £16.88	Value £277
Description Second floor internal storage	Area m²/unit 46.9	£ per m²/unit £13.50	Value £633
Total	Area m²/unit 1,266.1	£ per m²/unit	Value £71,000

Additional details

Description	Area m²/unit	£ per m²/unit	Value
Description Air conditioning system	Area m²/unit 341.1	£ per m²/unit £7.00	Value £2,388
Total	Area m²/unit	£ per m²/unit	Value £2,388

Valuation

Total value	£73,388
Rateable value (rounded down)	£73,000

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 2023 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 2026 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.

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 high street businesses like shops, hairdressers, betting shops and banks.

The VOA gathers information about rents paid for shops and businesses. It analyses the information and works out a price per square metre. It also considers local conditions and things like unusual shops shapes, split levels and sales areas hidden by pillars.

Zoning is used to apply the price per square metre to the property and get the rateable value. Each zone covers the width of the shop and usually has a depth of 6.1 metres. Zone A starts at the shop window. As you move further into the shop, each zone is half the value of the one before it. Spaces like store rooms or upstairs offices are valued but not as a zone.

Features such as air conditioning and lifts may be shown separately in the valuation.

This property is part of valuation scheme 589734 which groups comparable properties together.

More about how business properties are valued

The rateable value and your business rates bill

£73,000 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

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