Level 3 examples Flashcards
1
Q
Watson Street Works (MP&UD L2)
A
Study Aim
- Delivery options
- Client wanted to dispose of it ‘in the right way’
- Site located – St Helens Town Centre
- 3 Options : Option 1 – masterplan mixed use (R, I & O) Option 2 resi Option 3 mixed use (R, I & O)
My role
- Residential and commercial market analysis
- Support development framework
- Reviewed market data – assess current demand
- Development appraisals (residual method)
- Viability of each option
- Grant funding?
- Summary of key findings presented
Results
- All of the options were unviable
- Option 2 needed least grant and was the preferred option
2
Q
Stoke-on-Trent Delivery Plan (MP&UD L3)
A
Study Aim
- Delivery Strategy – 15 brownfield sites in Stoke-on-Trent
- Recommend uses
- Masterplans for some options
- Homes England and SOT council
My Role
- Development appraisals
- Market report
- Value assumptions
- Types and tenure recommendations
Results
- Areas with existing care homes – more as there aren’t many
- Town centre site needed more flats
3
Q
Cheshire West and Chester Residential Study (MP&UD L3)
A
Study Aim
- Resi study to inform future investors
- 4 main towns
Role
- Resi market review to inform value assumptions
- House type recommendations for each area
- Local policy review – how they support development
Result
- Some recommendations were;
- Chester highest values, more students
- Ellesmere Port Lowest value
4
Q
Birkenhead Town Centre Market Report (MP&UD L3)
A
Study Aim
- Assess current town centre masterplan
My role
- Market assessment – value assumptions (to inform masterplan)
- Report included – masterplan overview, commercial and resi review
Result
- Retail focused
- Needed more ‘living’, open space, entertainment and leisure to encourage community
- Needs to constantly evolve if economically successful
5
Q
Council Offices Options Study (MP&UD L3)
A
Study aim
- Advise the developer how to deliver the site
- Derby Street, Ormskirk
- Options on whole site and reduced site
Role
- Discuss options with client
- They had 2 options drawn up – MS and MS on reduced site
- I recommended the uses retirement living, assisted living and retail (after visiting the area)
- Also recommended there should be 100% affordable option
Result
- I recommended 100% affordable housing
6
Q
Fleetwood Road, North (P&D L3)
A
Study aim
- FVA
- Thornton Cleveleys
- 47 no houses
- Can it afford Affordable housing?
Role
- FVA to advise on how much AH it could deliver
- Advised Policy complaint 10% affordable
- Appraisal outcome – unviable = no affordable housing
Result
- I advised no affordable housing
7
Q
Land Opposite Greenhills Pond – WF Council (P&D L3)
A
Study aim
- FVA review on behalf of local authority
- To assess if scheme can afford affordable housing
My role
- Review
- Didn’t agree with 2 aspects – didn’t comply with RICS guidance
- Policy compliant appraisal
Result
- Assumptions different, same conclusion (couldn’t afford AH)
8
Q
Maryvale, Skelmersdale (HS&P L3)
A
Study Aim
- Determine if proposed scheme was correct house types and affordable tenure
- Proposed scheme – 29 2, 3 and 4 bed houses, market sale and shared ownership
My Role
- Assess supply and demand of house types and affordable tenures including assessment of planning documents
- Market report including achieved values and shared ownership that was on the market
Result
- Agreed with the clients proposed development and advised to move forward with it
9
Q
Stoke-on-Trent Delivery Plan (HS&P L3)
A
Study aim
- Delivery Strategy for 15 brownfield sites
- Masterplans for some
- On behalf of local authority and homes England
My role
- Site specific appraisals
- Market research to inform assumptions
- BCIS for costs and similar brownfield sites (Local plan dated)
Result
- Advised recommendations (flats in town centres)
10
Q
South Worcestershire Council LPVA (HS&P)
A
Study Aim
- LPVA South Worcestershire
- Test planning policies in up and coming LP
My role
- Resi market paper
- Research – new build achieved, asking, second-hand (sense check)
- SHMA – housing demand for area
Result
SW split into NW and S/SE – value assumptions lower in NW
11
Q
Becconsall Lane (Case Study) (DA L3)
A
Study Aim
- FVA for developer
- Hesketh Bank
- See if development could afford education contributions
- 100% affordable – 10 bungalows
My role
- Market analysis to support value assumptions
- Financial appraisals – residual basis
- Costs were supplied by a QS
Result
- Advised site could not afford education contributions
- Reviewer disagrees
- Rebuttal – we won
- Scheme was awarded planning permission
12
Q
Wirral LPVA (DA L3)
A
Study Aim
- Test planning policies that were within the up and coming local plan
My role
- Market analysis to inform value assumptions
- Prepare appraisals on bespoke excel model to test typologies
- BCIS for costs
- New policies from typologies matrix such as BNG, electric charging points and water efficiency
- Tested policies according to different value zones
Results
- Some appraisals were unviable
- Advised lower and medium should have lower AH policy
- Upper medium/higher should include more AH
13
Q
Horrocks Mill, Preston (DA L3)
A
Study Aim
- VA brownfield site in Preston for developer
- Proposed scheme was 349 homes
- See if 100% affordable scheme could afford education contribution
My role
- Market analysis to inform value assumptions
- Two appraisals – 100% AH and 100% MS
- Grant was included for affordables
Result
- Both were unviable
- Advised the scheme could not afford education contribution
- SO – 40% equity – advised if percentage was increased this would improve GDV
(MS done as sensitivity)
