RateRight
Business Rates Screening Report
BASEMENT 22, KING STREET
Free screening report
BASEMENT 22, KING STREET
LUTON • LUTON • LU1 2DP • office • 72 m²
UARN: 102734320988 • Luton
Source
Local sample data
Property and Council Details
Billing authority
Luton
Property type
office
VOA reference
102734320988
Record source
Local sample data
FAIR
Your rateable value of £4,500 is in line with sector benchmarks for office premises in LUTON. We estimate no material overpayment.
Your Rates Bill Estimate
Rateable Value
£4,500
Estimated Multiplier
43.2p
Small business multiplier
Estimated Annual Bill
£0
* Assumes the property is eligible for 100% small business rate relief. Multi-property rules can change this. Consult your local authority for exact figures.
Benchmark Comparison
Your RV/m²
£63
Benchmark
£120
Difference
-47%
Key Findings
- Your £63/sqm aligns with the sector benchmark of £120/sqm
- The rateable value appears consistent with comparable premises in LUTON
Comparison Lab
Adjust the target RV/m² and sort comparables to explore the shape of a possible case.
UNIT D26, GREAT MARLINGS
LU2 8DL · 21m² · £4,950
£236/m²
Projected RV at target
£8,640
Signal vs target
-47%
Estimated annual saving
£0
This is a what-if estimate, not an appeal valuation. It helps you see how sensitive the bill is to the assumed RV/m².
Comparable Property Snapshot
Closest available comparable records used for the screening benchmark.
| Address | Postcode | Size | RV | RV/m2 |
|---|---|---|---|---|
| UNIT D26, GREAT MARLINGS | LU2 8DL | 21m2 | £4,950 | £236 |
Recommended Next Steps
- 1No immediate action required — your rateable value appears accurate
- 2Review your rates bill for applicable reliefs (small business, charity, etc.)
- 3Register with VOA to receive property assessment updates
- 4Revisit if market conditions or property use changes significantly
Your RV Looks Correct
Our analysis suggests your rateable value is in line with comparable properties. No appeal action needed.
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