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

Mixed-use scheme, Garratt Lane, Wandsworth

Financial Viability Assessments

Affordable Housing

Market Demand Analysis

Service

Residential

Industry

Nick Fell

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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Partner & Head of Residential – Residential

Nick Fell

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