Page 321 - Appeal bundle 31 files

Appeal Bundle

As Dixon and Searle point out, there should be a land owner premium for
the property owner. I would allow around 30% for this.

This means an appropriate land value benchmark of £3.82 million. I have
adopted this figure in my appraisal.

7 Conclusions

The full appraisal for the scheme is shown in Toolkit form at Appendix 1.

This shows a residual value of £746,000. This means that revenue is higher
than costs.

This residual value reflects:

 100% Market Housing;
 20% Developer return on the GDV of the Market Housing;

 Section 106 contributions amounting to £497,666;
 Nil CIL.

W e a l d e n H o u s e , A s h u r s t W o o d V i a b i l i t y R e p o r t P a g e 23 | 36

BATES N0 000318