" PART 1 CLAIMS " CLAIMS FOR LOSS OF VALUE TO RESIDENTIAL PROPERTY If you consider your property could be affected by the use of the new or altered public works, you will be entitled to make a claim one year after the works are opened, as long as:
There are special provisions if you wish to sell your property in the first year after the opening of the works. Under these circumstances a claim must be made between the signing of contracts and completion of the sale, otherwise you will lose your rights. Your solicitor should be advised as soon as a purchaser is found, and your claim would be considered at a later date. IF YOU MAKE A VALID CLAIM, YOUR PROPERTY WILL BE VALUED AT THE OPENING DATE OF THE PUBLIC WORKS AND ONE YEAR LATER It will be considered whether the value has diminished due to noise, vibration, fumes, smell, smoke or artificial lighting, or any combination, due to the use of the public works (hence the one year settling down period required). Depreciation will be the difference between the value of the property, as if the works improvements were not there, and the value with the existence and use of the works, although only depreciation due to the use of the works will be compensated. THERE CAN BE NO GUARANTEE AS TO THE LEVEL OF COMPENSATION OR VALIDITY OF A CLAIM – IT DEPENDS UPON YOUR PARTICULAR CIRCUMSTANCES IF SUCCESSFUL:
IF UNSUCCESSFUL:
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