Case Study Questions

Question 1

What is MMC?

Answer 1

Modern methods of construction

Question 2

What is a brownfield site?

Answer 2

Any previously developed land that is not currently in use

Question 3

What kind of tenancy will the residence have?

Answer 3

An assured short hold tenancy, which is managed by St George’s Crypt

Question 4

How did you go about procurement of the units?

Answer 4

Online, reviewed info, nailed down a shortlist, had a submission reviewed with specific criteria, then final decision made on capability of providing support package

Question 5

Was the project CDM notifiable?

Answer 5

Yes

Question 6

What is the purpose of a pre-app?

Answer 6

Purpose of a pre-app - make planning application process more efficient / agree high level principles - this is non binding

Question 7

What was discussed at the pre-application meeting?

Answer 7

FRA / EA being involved / NDSS / Management of the pods / management plan

Question 8

How did you engage with stakeholders as part of the planning process?

Answer 8

Letter Drop / Reaching out to key leaders of the council

Question 9

What did you include for in the planning application submission?

Answer 9

CIL Liability Notice, Proposed Site Plan, Proposed Floor Plans, Proposed Elevations, Indicative Views, Flood Risk Assessment , Location PLan, Foul waste / drainage strategy, design and access statement

Question 10

How did you check the covenant strength of a contractor?

Answer 10

Dun and Bradstreet Check, I reviewed initial accounts / previous schemes employed on

Question 11

What is your assumption for voids?

Answer 11

3.50%

Question 12

What do you normally assume for service charge?

Answer 12

Varies from scheme to scheme, but in this case 10 pound a unit - varies depending on amenities.

Question 13

What are NDSS?

Answer 13

The nationally described space standards

Question 14

What is EAR?

Answer 14

Effective Annual Interest Rate - the interest rate that is adjusted for compounding over a given period. Simply put, the effective annual interest rate is the rate of interest that an investor can earn (or pay) in a year after taking into consideration

Question 15

What yield was assumed for creating capital value at end of 30 years?

Answer 15

4% - low due to requirement for these units and expectation for them to be filled a majority of the time due to demand for low cost housing and assumption included already for voids etc (based of net rent)

Question 16

What is the difference between XIRR and IRR?

Answer 16

The key difference between IRR and XIRR is the way each formula handles cash flows. IRR doesn’t take into account when the actual cash flow takes place, so it rolls them up into annual periods. By contrast, the XIRR formula considers the dates when the cash flow actually happens.

Question 17

What planning was relevant to your planning application?

Answer 17

NPPF, Leeds Core Strategy (2014) (amended in 2019) and Leeds Site Allocations (Plan 2019)

Question 18

What were most relevant policies in Core Strategy?

Answer 18

 SP1 Location and scale of development.
 P10 Design
 P12 Landscape
 T2 Accessibility requirements and new development
 H2 New housing development
 H9 Space Standards
 H10 Accessible Dwellings
 EC3 Employment uses
 EN5 Managing flood risk
 G9 Biodiversity improvements
 SP13 Strategic Green Infrastructure

Question 19

Any specific area plans for Modular Units?

Answer 19

 SPG Kirkstall Road Renaissance Area Planning Framework

Question 20

Main concerns for planners at Kirkstall?

Answer 20

Principle
Visual Amenity
Residential Amenity
Highways
Flood Risk