Development finance and funding - prepare a property and


Coursework Brief

You should locate a site outside Greater London (outside any of the London Boroughs). The site should be in the order of 0.5-1.5 acres in size. It may be a greenfield or brownfield site, but it should have clear prospects for development. The site should be located in England. It should be a different site to any previously used/studied at work for example. If you have previously submitted work for this module the site chosen should be different and you should state the nature of the original site and the one you have now chosen. Ideally the sites should be in different Local Authority areas.

You should prepare a property and planning report explaining the planning history of the site and why you consider it suitable for development. This should be referenced to Planning Policy both local and national and a good answer will incorporate Inspectorate Appeal decisions as necessary. If the site has an express planning consent you should critically consider whether this consent can be ‘improved'; again by reference to Planning Policy, Guidance and Appeal decisions.

Consider what the most applicable (single use - i.e you can assume just one - most suitable use, for the site). For the most applicable use on the site prepare with reference to market comparables and other data sources an outline residual valuation to arrive at a figure you would be prepared to recommend be paid for the site. Support and annotate your valuation. You should clearly reason why the use you have chosen is the most suitable. You should reference and support construction costs and other inputs to the residual valuation.

You should not decide to construct a single house on your chosen site.

The work should reference the law applicable to England and Wales.

Attachment:- Coursework.rar

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Business Law and Ethics: Development finance and funding - prepare a property and
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