Seeking HS2 claim opportunities

Location

Project summary

• To advise a corporate estate client regarding HS2 and maximisation of any compensation claim.
• HS2 expected to significantly reduce the value of the holding, which is assessed on date land entered for construction works.
• Property consisted of a farmhouse, bungalow, farm buildings, commercial lets and agricultural land.

Solution

• Detailed review of farm to identify opportunities to increase likely compensation.
• Identified bungalow subject to agricultural occupation condition, being occupied by a sub-tenant not employed in agriculture.
• Agricultural tie likely to reduce market value of the property.
• Opportunity to regularise or remove agricultural condition, before HS2 enter land for construction.
• Application for Certificate of Lawful Use submitted and approved by the local council.

Benefits

• Current sub-letting no longer in breach of planning condition.
• Risk of enforcement action by the council removed.
• 20-50% increase in likely compensation claim against HS2.
• Opportunity for full removal of agricultural occupancy condition (being pursued).
• Potential increase in rental value of property.