Local Authorities are required to publish details of the value of social housing stock that is held in their Housing Revenue Account.
The data must be published by postal sector and classified within pre-determined valuation bands and include valuations for the dwellings using both Existing Use Value for Social Housing (EUV-SH) and Market Value (MV).
The data is required to be published annually as at 1st April and must be based on the Authority's most up to date valuations.
In accordance with the local government transparency code 2015, some valuation bands have been merged so that the data has a value of greater than ten social housing dwellings per valuation band.
The tenanted value of dwellings within the Housing Revenue Account is valued at Existing Use Value - Social Housing. This assumes the estimated amount for which a property should exchange on the date of valuation subject to the property being let in pursuant to delivery of a service for existing use i.e. tenanted socially rented dwellings rather than vacant possession.
The Market Value or Existing Use Value indicates the best price at which a sale of an interest in the property would have been completed unconditionally for cash consideration with vacant possession.
The vacant possession value is for comparison purposes only and is not intended to suggest that tenancies should end to realise the market value of properties.