I'm trying to understand a valuation survey for a terraced house in Middlesex. It says:
Gross Value Buildings £14
Rateable Value Buildings £11
Tenancy term: Weekly
Rent £19 10s
Market value of property £200 (Equivalent to £16k today using BoE inflation calculator.)
Would that £19 10s rent (equivalent to £1500 today) be annually?
Why is the gross value of the buildings £14 when the market value is £200?
Can anyone explain this?
Thanks!
