Deed of Variation and Gross Development Value

Camden Leaseholders’ Forum homepage Discussion Board General/Other Issues Deed of Variation and Gross Development Value

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  • #5619
    AS121
    Participant

    Hi,

    Does anyone have any information about how much Camden Council freeholder charges for Gross Development Value (GDV)?

    I’m aware the guidance document says council will take 1/3 of the GDV, but I cannot find any information what the GDV may be without hiring a surveyor. They say the valuation will be carried out by the appointment of the Leaseholder services, but will be last step before granting LTA and I have no way of finding out before, which I find rather frustrating as this fee may just as well tank the whole project.

    Does anyone have any information what they have charged in the past for things? For reference, I’m looking to build out a balcony, but happy to get indications from all kinds of works, as I’m at least trying to find out if we talking about hundreds, low/high thousands or tens of thousands for this.

    Any help appreciated

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