Page 315 - All files for Planning Inspectorate

It is helpful in trying to define prices for the schemes to look at the
relationship between price per square metre and unit size.

This is done on the following page. This shows the relationship and
quantifies it in the form of a linear regression equation for the scheme. It
shows a strong negative correlation between unit size and price per square
metre.

I have applied the equation to the subject development. On the basis of a
scheme of 100% Market housing the gross development value for the 54
units is £15,194,588.

The prices adopted are shown in the right hand column of the table on the
following page.

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 14 | 36

Bates No 000314