Local Plan Viability Study
CIL & Local Plan Viability Assessments
Development Appraisal & Financial Modelling
Planning & Development
Property Market Analysis
Strategic Land - Strategic Urban Extensions / Strategic Development Areas
The main objective of the viability study was to provide the Council with an evidence base to assist in identifying the viability impacts of emerging planning policies in its Regulation 18 draft Local Plan.
Throughout the project AspinallVerdi provided the following services:
- Property market analysis of residential, build to rent, older persons, retail, office and industrial markets to inform values to uses in the appraisals.
- Review of draft policies and analysis of the cost of such policies including; biodiversity, renewable technology, carbon reduction and water efficiency.
- Analysis of planned growth.
- Creation of typologies to use in the testing based on planned growth.
- Assessment of development costs.
- Benchmark land value assessment – based on Existing Use plus Premium method.
- Creation of MS Excel development appraisals
- Telephone consultations with local agents.
- Presentation of study to stakeholders.
AspinallVerdi provided the Council with advice on the viability of their draft policies along with setting out “mix and match” options of different packages of policy options with varying levels of affordable housing.Download PDF