3 Amount of compensation due
Where a person may obtain compensation under section 30(1) of the Act, the amount of compensation to which the person is entitled under that section is the total of—
(a) the cost of repairing the damaged property to its previous condition (or in the case of property which is impossible to repair or if the cost of repairing would exceed the property’s market value, the cost of replacing the property at market value); and
(b) any further loss which was a direct result of the damage to the property.