Titchfield Common, Hampshire
The Saving: £87,216
The Location: 397 Warsash Road, Titchfield Common, Hampshire
The client submitted a planning application to construct 4 new houses within the garden of an existing property on Warsash Road in Titchfield. For the planned development, the Local Authority requested 30% affordable housing.
Due to the large commuted sum required by the Local Authority, s106 Affordable Housing were instructed on behalf of the client to advise on the affordable housing viability of the project. Using the HCA EAT Model, s106 Affordable Housing created a Viability Report to challenge the level of affordable housing directed by the Local Authority.
The viability assessment proved that the required 30% affordable housing was not viable within the development. Unless the high level of affordable housing was removed, the residual land value would be below the existing value of the site.
To contest the findings from the s106 Affordable Housings assessment, the Council instructed their own consultant, who challenged every assumption the Viability Report highlighted. However, after negotiations, the Local Authority agreed to zero affordable housing within the new development, saving the client £87,216.
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