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The Value of land for development depends on a number of factors. For example, what can be built there and what likelihood is it that planning permission would be granted?
There are a myriad of potential costs in a development so assessing these carefully helps in determining the costs related to the plans. For example, costs include construction, Section 106 and CIL payments to the local authority or Mayoral CIL payments. A financial viability report will help determine whether what level of Section 106 payment is appropriate to make. Modelling from Valuation reports are critical for this.
Things to consider
Similarly, development finance, sale and letting costs. A reasonable expectation for a developers profit will vary depending on the scale and location of the development. Clearance, contamination and utility costs can complicate matters further, particularly when they delay the time spent until the build is complete and units can sell.
Why choose us?
Once instructed to carry out a Valuation, we are normally able to provide our report within a week and can often, if necessary meet tighter deadlines where required. Larger portfolios may of course take longer but we will discuss implications with you at an early stage.
At JRW Chartered Surveyors, we are regulated by the Royal Institution of Chartered Surveyors (RICS). Our services span most of London and some surrounding areas.
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