A Viability Assessment normally forms part of the planning process on development sites to assess the level of affordable housing and other s106 contributions the site can viably support and to inform the s106 negotiations with the local authority. It can also be used to make a case to vary an existing s106 requirement.
Increasingly most Local Authorities will require a viability assessment as part of the planning application process which will be independently reviewed and form the basis for the s106 terms. We have experience of providing viability assessments for a wide range of developments from single plots to 450 units+ and including mixed use developments and a good track record for securing significant reductions in affordable housing including in many cases removing the requirement altogether. We have also provided viability assessment evidence statements for appeals for which we have a 100% track record of success.
A viability assessment can help developer and landowner clients increase the value of their sites, increase development profitability and secure more land by being able to offer more value.
We prepare viability assessments using the Homes and Communities Agency toolkits backed up with a strong evidence base of research on sales values, construction and other costs bringing in specialist advice as required.