The RICS define a development appraisal as:
“an objective financial viability test of the ability of a development project to meet its costs including the cost of planning obligations, whilst ensuring an appropriate site value for the landowner and a market risk adjusted return to the developer in delivering the project”.
We can use our experience in the design, planning and development sectors to formulate a professional site appraisal in order to evaluate the economic viability of a development for clients.
These can be used to assess a number of KPI factors for client bidding/funding review analysis:
Residual Purchase price
Approx Development cost
Professional fees and costs
Return on investment
We can be undertake Development Appraisals with a 24 hour turnaround (depending on development complexity) for a fraction of the cost of other professionals.
Contact us for more information on this aspect of your project: