The data categorises the value of our council houses into bands. The data does not identify individual properties.
The valuations are provided as:
Open Market Value (OMV) - which is an estimate of the value of each property if sold with vacant possession between a willing buyer and a willing seller. For those properties where an open market value cannot be established, properties are valued based on a discounted cash flow basis for their existing use.
Existing Use Value - Social Housing (EUV-SH), which takes open market value for the individual dwellings and applies a discount factor of 35% to reflect the reduced value as a result of use for social housing.
The publication of this information is not intended to suggest that tenancies should end to realise the market value of properties.