ABSTRACT
This chapter considers some of the specific factors which may influence value, and which should be considered in a valuation. The relaxation in planning requirements, notably the introduction of Class Q in England, is intended to make it easier to secure planning permission for residential use for redundant agricultural buildings, albeit with some strange architectural outcomes in some cases. However, it is unlikely that this farm will trade at a marked discount and at the other extreme even more unlikely in the current market for a good farm to trade at a premium. Now it behoves valuers to demonstrate how they have reached that conclusion, whether explicitly providing an analysis of comparables for a funding valuation or having the evidence available to negotiate a settlement for capital taxation. In the more complex valuations of whole farm properties, careful consideration and adjustment to comparables, both for the whole and the parts, will be required and need to be recorded.
