Case Study Flashcards
Explain the background to the development at Bellamy and Byng Street.
Were there any major site constraints /opportunities?
The site sat within the Isle of Dogs Opportunity area which is identified within the Mayors London Plan as an opportunity area with potential for 29,000 homes.
Why was Option 1 ruled out?
Option 1 was ruled out due to the height restrictions within the Millwall Inner Dock Tall Building Zone. The height alterations would exceed these limits.
What was the limit of the tall building zone compared to the proposed height?
The current height of the development was 25 storeys, an increase in 5 additional floors would mean it would surpass the 26 storey requirement.
Why was it considered that the building under Option 1 may face opposition from the local Council or residents?
Due to the height restrictions within the Millwall Inner Dock Tall Building Zone.
What were the affordable housing requirements underlined by LBTH’s Local Plan?
35% affordable housing by habitable room with a tenure split of 70% Social Rent and 30% Intermediate
What are the negative aspects of Options 2 and 5?
The lack of overall intermediate homes for local and key worker people who are unable to afford a private home and earn too much for social rented home.
Why did you consider that a combination of Options 2 and 5 was the best for your project?
This approach struck a balance between increasing overall housing supply, as indicated by Option 2, and prioritizing an elevated level of social rented housing, as highlighted in Option 5.
How did your chosen option respond to the need for intermediate dwellings?
What would have been as conflict of interest and how did you check for this?
Someone else was to be advising the local council on Viability implications for the development. Therefore before undertaking the instruction, a conflict check was issued out.
What was the Local Plan mentioning about the need of family homes?
To provide a higher level of affordable family homes
Did your chosen Options assist with this requirement? (family homes)
It provided an increased amount of Social Rented family homes compared to the existing scheme
How did you do your research in regard to the private and affordable sales?
By using comparable evidence
Explain your methodology for comparable evidence to inform your development appraisal.
For the private sales values I gathered local market data (focusing on factors such as location, size, tenure, amenities)
What information was included within your detailed financial appraisal?
Revenue
Costs
Finance
Why is it useful to verify build costs using BCIS?
it ensures accurate project budgeting by using real constriction data.
What level of contingency did you allow for?
This was included within the build costs from the cost consultant
Explain the term Disturbance Costs.
These are costs that incur are due to the current residents being decanted. They are compensated for being temporarily moved from their home.
How did you input the CIL costs into your appraisal?
By using local and Mayoral CIL allowances
Why is important to undertake sensitivity analysis?
because it helps identify potential risks and uncertainties in financial models, allowing for informed decision-making and ensuring project viability under various scenarios.
Explain how you undertook the sensitivity analysis.
Using Argus Developer, I tested scenarios by alternating the private sales values and the build costs both ways at 5%
Was a viable solution reached within the agreed time scales?
Yes
What would you do differently next time?
Try an arrange a shared folder, allowing access to the whole development/project team
How did you act ethically?
I ensured ethical conduct by providing accurate and timely information, adhering to professional standards, and considering the interests of all stakeholders involved in the project.
What were your key achievements?
effectively analysing options against planning policy, preparing a development viability appraisal model, providing valuable input into S106 negotiations, ensuring client care through timely communication, maintaining high standards of professionalism and ethics, and successfully advising the client on changes to planning policy.
