Property

1 A, Draycot Road, London, E11 2NU

Contents

Valuation

Previous rateable value (27 June 2023 to 31 March 2026)

£48,500

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 £72,500
Valuations Previous 27 June 2023 to 31 March 2026	Effective date 27 June 2023	Rateable value £48,500
Valuations Previous 1 April 2023 to 26 June 2023	Effective date 1 April 2023	Rateable value £33,500
Valuations Previous 20 June 2023 to 31 March 2023	Effective date 30 April 2022	Rateable value £44,750
Valuations Previous 1 April 2017 to 19 June 2023	Effective date 1 April 2017	Rateable value £30,500

Valuation details

• Description: Day nursery and premises
• Local council: Redbridge
• Local council reference: N00003173001029
• Rating list: 2023
• Effective date: 27 June 2023
• List alteration date: 27 June 2023
• Valuation scheme reference: 586515
• Base rate: £190.00
• Measurement method: Net internal area
• Transitional relief certificate issued: Yes
• Special category code: 085G

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

Day nursery floor areas

Description	Area m²/unit	£ per m²/unit	Value
Description Ground floor nursery	Area m²/unit 33.22	£ per m²/unit £190.00	Value £6,312
Description Ground floor nursery	Area m²/unit 27.86	£ per m²/unit £190.00	Value £5,293
Description Ground floor nursery	Area m²/unit 42.67	£ per m²/unit £190.00	Value £8,107
Description Ground floor office	Area m²/unit 11.19	£ per m²/unit £190.00	Value £2,126
Description Ground floor public toilets	Area m²/unit 7.79	£ per m²/unit £142.50	Value £1,110
Description Ground floor kitchen	Area m²/unit 10.37	£ per m²/unit £142.50	Value £1,478
Description Ground floor nursery	Area m²/unit 13.36	£ per m²/unit £190.00	Value £2,538
Description Ground floor nursery	Area m²/unit 32.95	£ per m²/unit £190.00	Value £6,261
Description First floor nursery	Area m²/unit 42	£ per m²/unit £171.00	Value £7,182
Description First floor nursery	Area m²/unit 48	£ per m²/unit £171.00	Value £8,208
Total	Area m²/unit 269.41	£ per m²/unit	Value £48,615

Valuation

Total value	£48,615
Rateable value (rounded down)	£48,500

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 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

£48,500 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