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What's a 'material change'?

A 'material change' is a physical change to an area or property or to the way a property is used.

Examples of material changes include:

  • Alterations to the property itself, or how the property can be used.
  • A new development in the area
  • Redevelopment in the area of the property
  • Changes to the access routes to the area or property (such as road improvements/closures, or a new pedestrian footpath that improves footfall)
  • Changes to the way other property is occupied in the area.

If we become aware of a material change we will look at how it affects the rental value and whether this means the rateable value needs to be adjusted.