COMPULSORY PURCHASE
Compulsory purchase is a significant and often contentious issue. Understanding the implications of compulsory purchase orders (CPOs) is crucial for property owners, investors, and developers alike. Terracotta Property can assist clients in navigating this complex terrain.
Got a question about your compulsory purchase?
A compulsory purchase order is a legal mechanism that allows public bodies to acquire land or property without the owner's consent, typically for infrastructure projects, urban regeneration or affordable housing provision. If your property is subject to a CPO, you are entitled to compensation based on its open market value, along with potential disturbance costs and other losses.
Recent reforms under the Levelling Up and Regeneration Act have changed the rules around hope value, meaning local authorities acquiring land for certain public interest purposes are no longer required to pay it. Understanding how these changes affect your position is essential before entering any negotiation.
HOW WE CAN HELP
We advise property owners and occupiers affected by compulsory purchase orders, ensuring your compensation claim is properly evidenced and presented. We can help you understand your entitlements, negotiate with the acquiring authority, and where necessary support you through the statutory process including objections and public inquiries.
We also advise investors and buyers on the potential impact of planned or proposed CPOs on property values, and on the opportunities that can arise from larger regeneration schemes.
Considerations for Property Owners and Investors
Property owners affected by CPOs should seek expert advice to ensure they receive fair compensation, including not just the market value of the property but also potential disturbance costs and other losses.
Investors and buyers should be aware of any planned or potential CPOs in an area, as these could significantly impact future property values.
In some cases, CPOs may create investment opportunities, particularly if they are part of larger regeneration schemes that could boost local property values in the long term.
It's important to note that the full impact of recent CPO reforms remains to be seen, as their effectiveness will depend on how they are implemented and used by local authorities and other public bodies. Property owners and investors should stay informed about CPO developments in their areas and seek professional advice when necessary.
Other Valuation Services
We provide valuations across a wide range of property types and purposes. Browse our other services below.
Commercial Property Valuations
RICS Red Book valuations for offices, retail, industrial and mixed-use assets.
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Independent advice on rent reviews, lease renewals and leasehold disputes.
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Lease Extension and Freehold Enfranchisement
Specialist valuations for leaseholders and freeholders in extension and enfranchisement claims.
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Matrimonial
Independent valuations for divorce and separation proceedings, accepted by solicitors and courts.
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Tax, Probate and IHT
Valuations for inheritance tax, capital gains tax and probate, prepared to HMRC requirements.
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House of Multiple Occupancy
HMO valuations using the conversion uplift and income approaches, tailored to your requirements.
Find out morediscuss your compulsory purchase situation
If your property is affected by a compulsory purchase order, or you want to understand your rights before negotiating, we are happy to have an initial conversation at no charge.
Fill out the form and a member of our team will be in touch.