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3.—(1) The prescribed amount, for the purposes of section 498F of the Housing Act 1985 is the amount ascertained in accordance with the following formula —
where —
PA=the prescribed amount,
ELB=the eligible expense limit of the building,
RFA=the residential floor area of the building,
TFA=the total floor area of the building.
(2) For the purposes of paragraph (1) above, the eligible expense limit of the building shall be —
(a)for the buildings situated in Greater London, £10,000 + £3,500 per storey in excess of 2 storeys + £320 per 10 square metres of total floor area;
(b)for buildings elsewhere in England and Wales, £8,500 + £3,000 per storey in excess of 2 storeys + £275 per 10 square metres of total floor area.
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