Financial Viability Assessment, Hastings, East Sussex

Our solution

We provided detailed development advice including viability appraisal work to the project team to confirm an affordable housing strategy with the client team. We considered residential values as part of our advice and provided detailed valuation advice relating to the Benchmark Land Value. The existing use of the site is greenfield and so careful consideration was necessary in the valuation of the Benchmark Land Value in order to appropriately assess the affordable housing contribution.

We engaged with the Local Authority’s consultant to ensure timescales were achievable and reached. Upon agreeing the viability position, we continued to assist the client in drawing up the relevant sections of the S106 agreement.

We achieved a negotiated settlement with the local authority’s viability consultant and ensured that the drafting of the affordable housing provisions within the s106 did not have an adverse impact on the marketing and sale of the site.