The land residual method is used in development appraisals to assess the market value of land or land and buildings, where there is potential for the land to be put to a higher value use. Examples include:
There are usually 4 stages in the land residual method:
We have a team of Chartered Surveyors and RICS Registered Valuers experienced in the preparation of development appraisals for residential and commercial development schemes. Here at Rory Mack we provide our clients with development appraisals across Stoke on Trent, Staffordshire, Cheshire & Shropshire. So be sure to get in touch for more information!
We offer development appraisals across Staffordshire, Cheshire and Shropshire including these towns: Leek, Buxton, Congleton, Sandbach, Biddulph, Kidsgrove, Leek, Crewe, Nantwich, Market Drayton, Stafford, Stone, Cheadle, Alton, Eccleshall, Winsford, Stoke-on-Trent, Madeley, Newport, Draycott, Trentham, Shrewsbury, Wilmslow, Chester, Telford, Cannock, Holmes Chapel, Middlewich, Northwich, Macclesfield, Newcastle under Lyme.
The definition of a development appraisal is an objective visibility test of the ability of a development project to meet its cost including the cost of planning obligations. This also ensures that an appropriate site value for the landowner and a market risk return to the developer of the property in delivering the project. We know that development appraisals can be not only confusing but stressful too. That's why here at Rory Mack we make sure that you understand what is going on every step of the way. We have years of experience in this service so you know you're guaranteed a quality service with us here!
The RICS define a development appraisal as an objective financial viability test of the ability of a development project to meet its costs including the cost of planning obligations, whilst ensuring an appropriate site value for the landowner and a market risk adjusted return to the developer in delivering the project.