Track record
Financial Viability Assessment, Edison Bell Way, Huntingdon
JCAM Commercial
Prepared and submitted a detailed Financial Viability Assessment (FVA)
Affordable Housing
Financial Viability Assessments
Service
Residential
Industry
Nick Fell
The project
Rapleys was instructed to prepare and submit a detailed Financial Viability Assessment (FVA) for the site located in the centre of Huntingdon, Cambridgeshire.
The scheme consists of a 304 unit residential led scheme including two flexible-use commercial units (A1/A2/A3/A5/D1), landscaping, open space, access, parking and associated works. The residential element of the scheme consists of a mix of 71 houses, 64 1-bed apartments and 169 2-bed apartments.
Our solution
We provided detailed development advice and worked with the project team to confirm an affordable housing strategy with the client. We considered residential and commercial sales values, build costs and the benchmark land value. Upon agreeing an affordable housing strategy with the project team we prepared and submitted a full financial viability assessment to the local authority.
Post submission we engaged in negotiations with the local authority and their viability consultant in relation to the affordable housing provision. We were able to secure agreement allowing the scheme to proceed to planning committee and secure consent.
This site was formerly industrial use and was affected by ground conditions that required a significant programme of remediation and site preparation. As a result we were able to negotiate an affordable housing strategy, which was agreed with both the local authority and their viability consultant which delivered an off-site affordable housing contribution.
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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
Private Client
33 Beach Road West, Portishead, Bristol
Acting for the Building Owner to enable the redevelopment of a dilapidated residential site
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
Higgins Homes
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