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Viability and Valuation Services

National Planning Policy Guidance on viability assessment together with RICS  guidance document set out the requirements that need to be considered when preparing viability assessments for planning purposes.

We have an experienced valuation team of RICS Registered Valuers who can provide such assessments together with Red Book valuations for tax purposes such as capital gains and inheritance tax, secured lending, expert witness, matrimonial, to name but a few.

A viability appraisal can assist in the initial planning stages when looking at the most viable use for a building or site and ways to maximise value.  These appraisals can be used to support planning application for a change of use of a building/site by demonstrating to the Council that the proposed use is the only viable use but that other uses have been considered but are not viable to pursue.  This can be important as many Council’s require the exploration of business uses in buildings before residential ones.

On larger sites, a viability appraisal can be used to show how the level of affordable housing impacts on the viability of a proposal.  This can help justify a reduction in the number of affordable housing units that need to be provided.

Our valuation teams’ knowledge of the planning system, local market (including comprehensive comparable list) and various industry sectors enable us to produce realistic viability appraisals for rural, urban and commercial projects that are reflective of the local market and stand up to the scrutiny of local planning authorities and where necessary planning inspectors.