http://www.legislation.gov.uk/ukpga/2011/20/section/86TLocalism Act 2011An Act to make provision about the functions and procedures of local and certain other authorities; to make provision about the functions of the Commission for Local Administration in England; to enable the recovery of financial sanctions imposed by the Court of Justice of the European Union on the United Kingdom from local and public authorities; to make provision about local government finance; to make provision about town and country planning, the Community Infrastructure Levy and the authorisation of nationally significant infrastructure projects; to make provision about social and other housing; to make provision about regeneration in London; and for connected purposes.texttext/xmlenStatute Law Database2026-07-05Expert Participation2026-06-29 Localism Act 2011s. 158(8)-(9B)Housing and Planning Act 2016s. 121(2)(e)s. 216(3) PART 5 Chapter 2A86T1If this section applies (see section 86S(4)), the relevant local authority must by the end of the appointment period appoint an authorised officer to assess the value of the land (“the valuer”).2The value to be assessed is the market value of the relevant estate in land on the date the notice was given under section 86M(1).3The market value is the amount which the relevant estate in land could have been expected to realise if it had been sold on the open market by a willing seller to a willing buyer on that date.4The Secretary of State may by regulations make further provision about the determination of the market value of an estate in land for the purposes of this section.5Regulations under subsection (4) may include provision—aabout the method to be used for determining market value;babout any matters which must or must not be taken into account when determining the market value;cabout the circumstances in which the owner of the land and the preferred community buyer may make written representations to the valuer (and requiring the valuer to take those representations into account).6The valuer must by the end of the period of eight weeks beginning with the date of the valuer’s appointment determine the market value of the relevant estate in land (“the value price”).7The valuer must as soon as reasonably practicable give the owner of the land and the preferred community buyer notice in writing of the determination.8If the preferred community buyer wishes to buy the relevant estate in land in accordance with this Chapter, the buyer must by the end of the offer period offer to buy the relevant estate in land at the value price.9The expense of a valuation under this section is to be met by the relevant local authority.10In this section—“appointment period” is the period of 14 days beginning with the end of the negotiation period;“authorised officer”, in relation to the valuation of land of community value, means—a valuation officer appointed under section 61 of the Local Government Finance Act 1988,a district valuer within the meaning of section 622 of the Housing Act 1985, orin such circumstances as may be specified in regulations made by the Secretary of State, another person who in the opinion of the relevant local authority is independent of the authority, the owner of the land and the preferred community buyer;“negotiation period” has the meaning given by section 86S(5);“offer period” is the period of 12 months beginning with the date notice was given under section 86M(1);“relevant estate in land” means the estate or estates identified in the notice given under section 86M(1) (see section 86M(2)).Pt. 5 Ch. 2A inserted (29.4.2026 for specified purposes) by English Devolution and Community Empowerment Act 2026 (c. 23), s. 108(1)(6), Sch. 31 para. 1 (with Sch. 31 para. 2)