Vickery Holman’s Development Consultancy team comprises sector specialist RICS Registered Valuers.
As well as providing formal valuations, we also offer general advice to clients at the inception of projects. Our development consultants can provide feasibility studies and site appraisals to land owners and developers who are considering what to build in order to utilise their land and maximise profits. We can advise on all aspects from local planning requirements and obligations, to assessing what the ‘optimal’ scheme is in terms of scale, density, type, mix, and size, likely demand, and understanding what the potential costs and values are likely to be. We can also provide sensitivity testing on cash flows and concepts to better understand the risks involved. To read more about feasibility studies, please click here.
Vickery Holman works closely with reputable planning consultants, architects, engineers, accountants and solicitors throughout the region and can therefore provide relevant professional contacts at every step of the process.
As an SME Housebuilder, we have relied upon Vickery Holman’s advice to support our land acquisitions and with raising project finance. Our residential sites are often developed in partnership with housing associations and external lenders which require comprehensive and independent development appraisals and valuations to invest in our projects. Vickery Holman have diligently supported the business for several years and assisted us in bringing forward a number of sites.
Vickery Holman has recently undertaken a valuation of a part-built development site in Falmouth, with an outstanding build cost of £5.5 million and estimated GDV of £15 million.
The development, once complete, will comprise 30 new build dwellings and is expected to generate significant levels of interest, being within close proximity to Falmouth Golf Club and Swanpool beach.
Vickery Holman liaised with all parties involved including developer, contractor, planning consultant and sales agent to provide the detailed valuation report and development appraisal required by the lender.
The valuation was submitted and financed has been approved enabling the scheme to progress.
Vickery Holman has recently undertaken a valuation of a development site on the outskirts of Truro which has planning consent for 275 dwellings.
The valuation advice was required to inform negotiations with the landowner in relation to its potential acquisition.
As the scheme detail was minimal, we appraised the site on what we considered to be an ‘optimal’ development, having regard to local planning policy and market conditions. Vickery Holman have the benefit of an extensive database of land transactions (over 200) and were therefore able to cross reference residual values with market comparables to substantiate the figures reported.
The valuation advice was well received and negotiations are on-going.
The Team for Appraisals & Valuations
Case studies for Appraisals & Valuations
When Does Section 106 Apply? Development usually comes at a cost to the wider community within which it sits. This can be at a greater demand and therefore cost for public services or damaging impact on the greater community good. Planning approvals always come with conditions controlling the development itself and where appropriate legal (s106) […]
Are you a landowner who thinks that your land might have development potential? We can help… As a starter we can advise you on the potential of your land, its value and provide an indication as to the likelihood of successfully obtaining a planning consent for development, be it residential or commercial. Should it be […]
With build costs expected to rise on average by 3.2% a year over the next 3 years (BCIS) and house price growth reportedly beginning to level out as supply increases and concerns over the impact of Brexit continues to cause hesitancy, we are likely to see a further squeeze on the viability of development projects. […]
What Is The Purpose Of Conducting A Feasibility Study? If you are a land or property owner, whether that be residential, commercial or agricultural and think your land or property has development potential then a feasibility study can be undertaken at the earliest stage of the project to outline the land/properties development potential. What Is […]
Valuation advice provided on exclusive single new build project with build cost of £1.1 million and estimated GDV of £1.8 million. Acting on behalf of Aspire Commercial Finance in connection with a financing arrangement for a four storey, 4 bedroom, 523 sq m luxury dwelling with swimming pool, gym and integral double garage. The development […]