The assets of the parties
114.In the parties’ joint names is the matrimonial home, where W lives with S. It comprises 3 very large bedrooms and 4,158 sq. ft. It is in one of the most expensive roads in London. I had to hear the evidence of the valuers, the SJE saying a value of £5m and an expert instructed by H saying £6m. These figures came as a nasty shock to the parties who had spent so much more on the property, buying it as they did as a new build for £8.65m some 8 years ago. 115.I give greater weight to the evidence of Mr Mason, the SJE, because he has seen the property as it is, rather than in 2012 when Mr Smith saw it, and because he is the one who has found and analysed all the comparable property particulars. That said, I do not understand why it is that he has valued the property at a lesser rate per square foot than he does the 3 properties which he considers to be most approximate in terms of presentation and which he describes as “justification for a similar rate” of £ per sq. ft. Applying the average of what those 3 properties have sold for namely, £1277 per sq. ft, rather than £1203 per sq. ft which Mr Mason used, would produce a value of £5.3m and that is the figure upon which I shall work. This will produce a net of costs of sale figure of about
- The Honourable Mr Justice Cohen :
- The History in more detail
- When did the marriage end?
- Legal proceedings
- The purpose of Part III
- which was the alleviation of the adverse consequences of no, or no adequate, financial provision being made by a foreign court in a situation where there were substantial connections with England
- Where the English connections of the case are very strong there may be no reason why the application should not be treated as if it were made in purely English proceedings
- H’s business activities
- The move to London
- The Foundation
- my death or physical or mental incapacity
- strictly speaking
- The German venture
- Russian projects
- W’s use of resources
- The assets of the parties
- £5.14m [£2.57m each]
- £95k
- [£2.57m
- £687k
- £3.087m
- W’s needs
- £3.4m
- £2.06m
- £320k
- Conduct of the litigation
