Where land is acquired compulsorily, the valuation question extends beyond the area taken to the effect on what remains.
Compulsory acquisition removes the owner's choice about whether to transact. The valuation exercise that follows is technical, and the differences in outcome between a considered assessment and a cursory one can be substantial.
More than the land taken
- Market value of the land and buildings acquired
- Severance, where part only of a holding is taken
- Injurious affection to the retained land, where applicable
- Disturbance-related property considerations
Where a strip is taken from a larger holding, the remaining land may lose access, frontage, developable configuration or amenity. Assessing only the area taken understates the effect on the owner.
Evidence and preparation
A well-prepared position rests on verified title and area information, careful analysis of comparable evidence, and a clear explanation of how the retained land is affected. This material is also what legal advisers need if an objection proceeds.
This article is general commentary on valuation practice and is not legal advice. Statutory entitlements and procedure should be considered with qualified legal advisers.
Information on this website is general in nature and does not constitute a formal valuation, appraisal or professional advice. A valuation conclusion arises only from a professional engagement with an agreed scope of work.