D‌‍‍‍‌‍‍‌‌‍‍‍‌‍‍‍‍‌‍‍ear writer the assessment should be in a report format so t

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D‌‍‍‍‌‍‍‌‌‍‍‍‌‍‍‍‍‌‍‍ear writer the assessment should be in a report format so there will be 10 headings which are included below and you will write about the land that I will share with you and that I have chosen which is Land at Old Hall Farm, Lea, Preston, PR4 0XA This land chosen for the report will be used between two developers so we will create a development appraisal and report for half of the land only. Mention this information in the report. And work using half of the land as we wont be needing the other half. you are appointed by a local housing accosisation to prepare a detailed development appraisal to deliver 90 new homes. The development appraisal will be used to advice the housing accosiation board weather they should proceed with the intended purchase The site has an outline planning consent for the following development mix: 4 x 5 Bed Detached House (with separate double garage) comprising 170sq m each 15 x 4 Bed Detached Houses (with double garage) comprising 125sq m each 20 x 4 Bed Detached Houses (with integral single garage) comprising 110sq m each 10 x 3 Bed Detached Houses comprising 90sq m each 16 x 3 Bed Semi-Detached Houses comprising 90sq m each 10 x 3 Bed 3 Storey Town Houses comprising 106 sq m each 15 x 2 Bed Terrace/Town Houses comprising 62sq m each (although the end terraces have a floor area of 70sq m each) There is a possibility to include a small apartment block comprising 8 x 1 bed apartments of 48sq m each although at this point the Local Planning Authority will need convincing that it is appropriate to increase the site/development density. Please note that 20% of the development must meet the affordable housing criteria although the balance can be sold by direct sale or shared ownership. You need to reflect upon the Local Planning Authority Planning Policy and requirement to the Community Infrastructure Levy. This is very important and you need to reflect upon these Some information has already been obtained: • The site has low levels of contamination • There is a protected plant species on part of the site • There is a definitive footpath that crosses part of the site • The provision of recreational space as part of the development is required • There has been some local objection to the proposed development Module Aims 1. Show understanding of property development as an industrial, financial and socio-political process. 2. develop the practical and entrepreneurial skills appropriate to the property development industry. 3. undertake a development related feasibility study. 4. To enable students to assess development viability. 5. create a development appraisal using various techniques All these key elements mentioned above in the module aims need to be shown in the report and linked to the Land at Old Hall Farm, Lea, Preston, PR4 0X‌‍‍‍‌‍‍‌‌‍‍‍‌‍‍‍‍‌‍‍A Land chosen : Land at Old Hall Farm, Lea, Preston, PR4 0XA This is a link to the land information : This will be the headings of the report with the correct information and appropriate below each heading detailed to what has been asking of you here: 1. A description of the site, location and benefits of bringing forth a development. 2. A description of your proposed development. 3. A full breakdown of the development costs including where these have been sourced information (it is permitted to use assumptions where information is not available). 4. Recommendations on how you would advise the client to respond to the objections. 5. A SWOT analysis for the site. ( strengths, weaknesses, opportunities, threats) 6. A residual valuation calculation to show the land value. 7. A sensitivity analysis check by the use and application of a fully populated Accumulated Cash Flow. This is to be provided via an Excel Spreadsheet. Development Appraisal Software must NOT be used. This will be an appendix to the main Report 8. The date of your valuation report . The word count for the report is 3500 words. 9. The Excel spreadsheet will accommodate the balance of the word count 10. Detailed Recommendations/Conclusion The word count for the report is 3500 words. This is what I need you to focus as this is how we will be graded based on the assesment criteria I fully expect you to follow the report format as headings and below write down about the land chosen by me and in this report there will be headings as seen above that are cruical for this assigment and I will share slides from the module which explains everythign you need to know about residual valuation method and development appraisal and I will share other slides as well which youu have to look at to complete this report in a succesful manner. And you have to add sources and research and show understanding. NO Plagirisim and harvard refrencing style Assessment Criteria Grades are given in the following bandings: Site description and market review 20% SWOT Analysis and local objection advice 15% Costs Analysis and the production of a development appraisal and analysis 40% Reasoned advice and justification to the client of the opinion of value 15% Presentation and Referenecing 10% Knowledge and Understanding 1. Demonstrate an awareness of what influences the development process 2. Prepare a basic development valuation 3. Identify the benefits and risks of undertaking a development project 4. Knowledge of the key factors and stakeholders who have a vested interest ‌‍‍‍‌‍‍‌‌‍‍‍‌‍‍‍‍‌‍‍in a scheme


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