(1)The compensation payable for—
(a)a house purchased compulsorily under section 192 (unfit house found to be beyond repair at reasonable cost),
(b)land purchased under section 290 as being comprised in a clearance area, except as mentioned in subsection (2), or
(c)a house purchased compulsorily under section 300 (purchase of condemned houses for temporary housing use),
is the value at the time when the valuation is made of the site as a cleared site available for development in accordance with the requirements of the building regulations in force in the district.
(2)Subsection (1)(b) does not apply to the site of a house or other building properly included in a clearance area only on the ground that it is dangerous or injurious to the health of the inhabitants of the area by reason of its bad arrangement in relation to other buildings or the narowness or bad arrangement of the streets, unless—
(a)it is a building constructed or adapted as, or for the purposes of, a dwelling, or partly for those purposes and partly for other purposes, and
(b)part of it (not being a part used for other purposes) is unfit for human habitation.
(3)The provisions of this section as to site value compensation are without prejudice to any further payment falling to be made under—
section 586 and Schedule 23 (well maintained houses),
section 587 and Schedule 24 (houses which are owner-occupied or used for business purposes), or
section 589(2) (minimum compensation in certain cases),
and have effect subject to section 589(1) (maximum compensation in certain cases).