Track record
Affordable Housing valuation for a mixed use scheme, Garratt Lane, Wandsworth
Higgins Homes
Development Consultancy advice to support a planning application for a mixed use scheme
Financial Viability Assessments
Affordable Housing
Market Demand Analysis
Service
Residential
Industry
Nick Fell
The project
Rapleys was instructed by Higgins Homes to provide development consultancy and valuation advice to support a planning application for a proposed scheme on Garratt Lane, Wandsworth.
The scheme comprises the demolition of existing buildings and the erection of a mixed use development. Within the proposal, a total of 193 residential units would be provided, a new health centre (Class D1 use), a pharmacy (Class A1 use) and two commercial units (flexible Class A1/A2/A3 or B1 use). The construction is proposed in two phases which comprises a mix of private sale, shared ownership and London Affordable Rent units.
Our solution
We provided Higgins with detailed valuation advice in respect of the proposed scheme. We undertook a detailed development appraisal to consider the viable level of affordable housing that the scheme could deliver. We engaged with the Local Authority and the GLA at pre-app stage prior to the submission of a formal Financial Viability Assessment. Post submission, we engaged in negotiations with the Local Authority, their Viability Consultant and the GLA in order to agree the appropriate quantum of affordable housing, the tenure mix and the phasing of delivery.
We also assisted the client and their solicitor in the drafting of the affordable housing provisions within the s106 agreement including the construction of the viability review mechanism.
We were able to work with the client, the Local Authority and the GLA to deliver an affordable housing package that met all parties requirements. This included renegotiating the tenure mix to enable a policy compliant level of affordable housing to be delivered and allowed negotiations to take place with registered providers for the inclusion of grant funding. As a result the scheme secured both Local Authority and GLA approval and was granted planning permission.
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Our track record
Stadium Holdings Ltd
1 Olympic Way, Wembley
Neighbourly Matters advice for a 7-storey extension to provide student accommodation
104-106 East Street, Southampton
Delivery of commercial and market-led viability advice to support the successful completion of a stalled development.
Yorkshire Housing
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
37-42 Tenby Street and 30-31 Albion Street, Birmingham
Expert Party Wall advice to protect adjoining owners’ interests
Kruton No. 2
9-12 Middle Street, Brighton
Appointed as Employer’s Agent on new build commercial project.
Kwik Fit
Acquisition for Kwik Fit, Atex Business Park, Stowmarket
Instructed by Kwik Fit as national retained acquisition agents
Bernard Construction
Affordable housing provisions for a mixed-use scheme, Balham
Provided a detailed FVA, development advice and affordable housing strategy
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