Completed the purchase of a house last month. The price we paid is in band 5 by <10k. However revenue has put the estimate in band 4 and it also shows it as band 4 on their map.
There is one other recent sale in the estate from the last few months in band 5, just. I find it hard to argue that the house is not worth what the market had us pay, however I'm sure most people in the estate will just go with what revenue recommends, hey the next house could go for a few k below where the band changes.
Could I look at the average sale price for the last 12 months / 2 years.
I guess I feel that the covid lockdown resulted in lack of supply in the area may have led to an artificial high. This should change next year. I don't mind paying what I did put don't want to be the only one in the area on the higher band because of it.
I presume we don't get to revalue next year and these are stuck for 5+ years?
There is one other recent sale in the estate from the last few months in band 5, just. I find it hard to argue that the house is not worth what the market had us pay, however I'm sure most people in the estate will just go with what revenue recommends, hey the next house could go for a few k below where the band changes.
Could I look at the average sale price for the last 12 months / 2 years.
I guess I feel that the covid lockdown resulted in lack of supply in the area may have led to an artificial high. This should change next year. I don't mind paying what I did put don't want to be the only one in the area on the higher band because of it.
I presume we don't get to revalue next year and these are stuck for 5+ years?