HELD the option was not enforceable. Fullagar J it is not that the deed as a whole is void for uncertainty.
Value can of course refer to market value or replacement value or cost less depreciation.
Giving meaning to such a word is what the courts do every day. The question of the value of the land is a matter of objective fact to be decided on the evidence and the courts cannot refuse to decide it on the grounds that it is too difficult. The real argument is that if the notice were given and the option exercised, no enforceable contract would result. If these are fixed with certainty, the courts will supply the rest. A certain price is not a specific figure - sufficient if price to be that fixed by a named or described person.