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RESIDENTIAL / COMMERCIAL DEVELOPMENT APPRAISALS

Whether you are developing or re-developing a site for residential or commercial usage, a valuation may be required for a number of different reasons including commercial lending finance.

The valuation of individual building plots usually involves comparables methodology but where a multi-property development is proposed, the valuer will be required to not only consider the end Gross Development Value (the end value of the developed scheme) utilising comparable valuations methodology but a full development valuation will also be required involving Residual Valuation Methodology.

Residual Valuation Methodology involves considering the Gross Development Value of the scheme, assessing the development/build out costs including development abnormals, professional fees, finance costs, contingency and developer’s profit, in order to computate the appropriate site value or site purchase price.

This type of valuation can be complex and requires a great deal of professional experience, especially on larger sites or multi-development sites, particularly where there are a number of development abnormals involved.

For more information email: surveyors@dowlingdodd.co.uk
 

Part of DowlingDodd Property Services Limited registered in England and Wales.
Registered Office: Lowin House Tregolls Road Truro Cornwall TR1 2NA
Company No: 5515922
Directors: Keith Carr FRICS, Julian Crosby FRICS, Paul Davison FRICS, Glyn Bridger FRICS