Corton Caravans and Chalets Ltd v Anglian Water Services Ltd

ACQ/19/2001, 25 June 2003. Concerned with the amount of compensation payable to claimant (C) by acquiring authority (A). Only part of the land was subject to a compulsory purchase order. C put forward two valuations using the residual basis of valuation of land assuming that the land would have been used for timeshare development. Valuation A was made under the Land Compensation Act 1961 s5 rule 2 based on the assumption that the hypothetical willing seller had all the characteristics of the claimant and was in the same factual positions whilst valuation B assumed that under the willing seller did not have the factual characteristics of the claimant. C's also produced an alternative valuation for use of land as a caravan park if the timeshare option was not accepted. A assessed the open market value of the land at £170 000. LT held that land should be assessed as a caravan site. £182 500 compensation awarded to C with interest at the standard rate. View decision at www.courtservice.gov.uk