01/08/08 Flambard Way, Current viability- Inspector allowed, SoS dismissed. Important decision: Godalming commercial future growth SoS confirmed approach of present Confirmed current values/ and res dev considered for market values costs as being appropriate. viability. Question mark about whether an out turn approach is suitable. 12/08/08 Jericho 54 dwlg res AH viability: paid 9 months before appeal Widely quoted: Sold by Canalside, dev with canal Relevance of taken in to account in assessing tender, and other bidders close Oxford facilities. purchase price in affordability (Therefore considered to purchase price. Appeal assessment. sufficiently recent for comparison dismissed so no judicial review approach. Earlier appeal (2005) possible. DVS expert for OCC. concluded lower AH provision was Superceded by Clay/ Glebe reasonable- taken in to account. Farm & Gun Wharf, Bow cases. 19/08/08 67-73 Bath Rd, Sheltered Purchase price v Explicitly approves methodology of Toolkit used was HC/ Grimley Longwell housing. current values/ current costs and land values model. Purchase price not Bristol Commuted costs using appraisal toolkit. considered. sum viability. 27/08/08 1 Ivy Lane, AH viability: Emerging AH & Because of incorrect advice Purchaser misled by LA on Hounslow Res dev 18 S106 policy impact of this should be taken in to policy requirement, resulting in flats affecting viability. account in assessing viability. over-payment for site. Limited impact because of unusual circumstances. 11/02/09 Fitzalan Rd, & Sheltered Date of viability Taken as June/ Aug 2008- after Neither party updated appraisal Church St, housing. review. original planning application and to appeal date, and not Littlehampton Commuted purchase date, but not at date of commented by inspector. sum viability. appeal. Limited application. 26/02/09 Maunsell New Uplift in site value Inspector accepted the principle of Important decision: Inspector House, 154 - residential above MV in uplift in MV over existing (Offices) considered 20% uplift on a site 160 Croydon development existing use.
01/08/08 Flambard Way, Godalming commercial and res dev Current viability- future growth considered for viability. Inspector allowed, SoS dismissed. SoS confirmed approach of present market values Important decision: Confirmed current values/ costs as being appropriate. Question mark about whether an out turn approach is suitable. 12/08/08 Jericho Canalside, Oxford 54 dwlg res dev with canal facilities. AH viability: Relevance of purchase price in assessment. paid 9 months before appeal taken in to account in assessing affordability (Therefore considered sufficiently recent for comparison approach. Earlier appeal (2005) concluded lower AH provision was reasonable- taken in to account. Widely quoted: Sold by tender, and other bidders close to purchase price. Appeal dismissed so no judicial review possible. DVS expert for OCC. Superceded by Clay/ Glebe Farm & Gun Wharf, Bow cases. 19/08/08 67-73 Bath Rd, Longwell Bristol Sheltered housing. Commuted sum viability. Purchase price v current values/ costs Explicitly approves methodology of current costs and land values using appraisal toolkit. Toolkit used was HC/ Grimley model. Purchase price not considered. 27/08/08 1 Ivy Lane, Hounslow AH viability: Res dev 18 flats Emerging AH & S106 policy affecting viability. Because of incorrect advice impact of this should be taken in to account in assessing viability. Purchaser misled by LA on policy requirement, resulting in over-payment for site. Limited impact because of unusual circumstances. 11/02/09 Fitzalan Rd, & Church St, Littlehampton Sheltered housing. Commuted sum viability. Date of viability review. Taken as June/ Aug 2008- after original planning application and purchase date, but not at date of appeal. Neither party updated appraisal to appeal date, and not commented by inspector. Limited application. 26/02/09 Maunsell House, 154 - 160 Croydon New residential development Uplift in site value above MV in existing use. Inspector accepted the principle of uplift in MV over existing (Offices) Important decision: Inspector considered 20% uplift on a site
Valuation_od_development_land_-_Workbook_1.0.docx