Development – Appraisals, Delivery Plans, Development Management, Partnerships and Regen Cos

Planning Policy – Plan Viability, CIL, Strategic Sites, Employment Land

Property Market Analysis

Valuation

Sandwell Metropolitan Borough Council

Outline

AspinallVerdi was commissioned by Sandwell Metropolitan Borough Council to prepare a Borough wide development viability assessment to be used as evidence to support the introduction of a Community Infrastructure Levy (CIL) charging schedule.

The key elements of the study were:

• Assessment of land values to identify significant variances by location/development type;
• Assessment of CIL rates including sensitivity testing based on values, use and location; and
• Recommend CIL tariffs/rate to achieve an appropriate balance between delivering infrastructure and the impact on development viability.

Services Provided

AspinallVerdi undertook the following tasks:

• Review of available market evidence and planning policy documents (e.g. SHLAA and Employment Land Study) as well as gathering further market intelligence.
• Consultations with developers and agents to understand their views on commercial viability.
• Agree development typologies to be tested.
• Prepare bespoke viability model.
• Sensitivity analysis to test changes in values and costs on scheme viability.
• Prepare report setting out evidence base for proposed development typologies and viability model, with recommendations on CIL rates for the Charging Schedule.

Outputs

The viability study was completed within a 6 week period with clear recommendations on proposed CIL rates and Zones based on commercial viability of the proposed schemes/uses.

Download PDF