Official Residences: Valuation
The question
To ask the Minister for the Cabinet Office, pursuant to the Answer of 4 November 2025 to Question 85200 on Admiralty House: Valuation, whether a valuation has been undertaken in relation to Downing Street, including the two Downing Street flats.
Answered by Anna Turley
The Downing Street estate is held on the department’s fixed asset register for their service potential and are valued in line with their existing use value (EUV) as defined in the Royal Institute of Chartered Surveyors (RICS) Red Book.
Each property is revalued on a rotational basis on a five-year cycle commencing at the point of acquisition. A revaluation for the property as a whole was carried out in the 2022 to 2023 financial year. The flats are not valued individually.
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