valuation of council-owned properties
Wandsworth Council is addressing concerns about its Housing Revenue Account property valuations.
External auditors Ernst & Young (EY) flagged concerns regarding Wandsworth Council's Housing Revenue Account (HRA) in July 2025. This scrutiny arose from a change in the council's approach to valuing council-owned properties, specifically how additions to council dwellings were accounted for in prior years, creating a discrepancy. The Wandsworth Audit Committee discussed the matter in July 2025.
The valuation of council-owned properties involves determining their monetary value for accounting and financial management. The issue at Wandsworth Council concerns a lag in recognising 'additions in year', such as improvements or extensions, in the valuations of council dwellings.
Key facts
- External auditors Ernst & Young (EY) flagged concerns about Wandsworth Council's Housing Revenue Account in July 2025. Source
- The Wandsworth Audit Committee discussed property valuation discrepancies on 9 July 2025. Source
- The issue involved a change in how Wandsworth Council accounted for additions to council dwellings. Source
About this summary
This summary was written automatically from our published stories and the council meeting records they draw on. It describes what councils have discussed and decided; it does not take a view on any decision. Each key fact links to the story it comes from. Updated 30 September 2026. Spotted a mistake? Email community@opencouncil.network.