Affordable housing provisions for a mixed-use scheme, Balham
Financial Viability Assessments
Rapleys was instructed by Bernard Construction UK LLP (the applicant) to prepare and submit a detailed Financial Viability Assessment (FVA) for the site with supporting information.
The scheme consists of 18 residential units (C3) and class D1 community floorspace together with associated cycle parking, landscaping, play space and amenity provision.
We provided detailed development advice and worked with the project team to confirm an affordable housing strategy. We considered sales values for both the proposed residential and commercial units and relevant build costs. We focused on maximising the benchmark land value in this case before agreeing an affordable housing strategy with the client and project team. We proposed and submitted a full FVA to the local authority for review.
We continued throughout the negotiation process to engage with the Local Authority and their consultant to ensure the client’s desired outcome was achieved within achievable timescales. Where necessary we sought advice from the project team and liaised closely with the cost consultants in this case. Further negotiations with the Local Authority and their consultants were necessary to achieve the client’s preferred tenure mix.
We achieved an affordable housing position in line with the client’s expectations and at the preferred tenure mix. We were able to assist in maximising the value of affordable housing that was secured through the s.106.
Our track record
Stadium Holdings Ltd
1 Olympic Way, Wembley
Neighbourly Matters advice for a 7-storey extension to provide student accommodation
12,000 Stock Condition Surveys – Yorkshire Housing
Appointed by Yorkshire Housing via the Fusion21 Framework to complete 12,000 stock condition surveys over a 3-year period
Kruton No. 2
9-12 Middle Street, Brighton
Appointed as Employer’s Agent on new build commercial project.
Acquisition for Kwik Fit, Atex Business Park, Stowmarket
Instructed by Kwik Fit as national retained acquisition agents
Affordable Housing valuation for a mixed use scheme, Garratt Lane, Wandsworth
Development Consultancy advice to support a planning application for a mixed use scheme
London and Regional
Albert Island Redevelopment
Providing Cost Management & Quantity Surveying services on an exemplar industrial intensification project
Aldersbrook Baptist Church
Aldersbrook Baptist Church, Wanstead
Sale of church hall and provision of cost advice regarding development and refurbishment of church.
Ropemaker Properties Limited
Alfa Laval Tower, Brentford
Assessed the financial viability of the scheme for a planning appeal
Orchard Street Investment Management
Altrincham Retail Park expansion
Secured planning permission via a Section 78 appeal