A 149-acre rural estate in the Kent Downs National Landscape, valued under the Charities Act 2011 ahead of a proposed disposal by trustees.
When a charitable organisation operating a long-established residential retreat centre in the Kent Downs approached us ahead of a proposed property disposal, the instruction was anything but straightforward.
The subject property is a 149-acre rural estate in the Kent Downs comprising a substantial main house of over 21,000 sq ft, two ancillary residential buildings and a range of outbuildings, arranged for group use over several decades. The charity required a formal Red Book valuation to satisfy the requirements of the Charities Act 2011, enabling the trustees to demonstrate that the proposed disposal represented best value.
The valuation involved careful analysis of a genuinely unusual asset. Each of the following factors, individually manageable, collectively significant, required proper weight in assessing both the likely buyer pool and the achievable market value.
Our report addressed the Charities Act compliance requirements directly, confirmed the independence of the valuer, and provided the trustees with a formal opinion of Market Value, together with the analysis they needed to proceed with confidence.
Reported on a Red Book basis under VPS 4 and VPGA 8, with the Charities Act 2011 disposal context addressed directly in the report.
£4,500,000.
A wooded fold of the Kent Downs National Landscape, within commuting reach of central London. The estate occupies an elevated south-facing position with long views across the valley.