A town planning development appraisal is an assessment of site for development potential. It is used to determine whether a site is suitable for development and to identify the key factors and constraints that could affect the potential for development.
The appraisal process typically involves answering the following questions:
- Define the project scope. What is the purpose of the development? What are the key objectives? What are the constraints?
- Understand the site. What are the physical characteristics of the site? What are the planning constraints? What are the opportunities?
- Identify the target market. Who are the potential users of the development? What are their needs and wants?
- Develop a conceptual design. What will the development look like? How will it function?
- Estimate the costs. What will it cost to develop the project?
- Estimate the revenue. How much revenue will the project generate?
- Perform a financial analysis. Is the project financially viable? Don’t forget to include any planning obligations which maybe required through the planning process. Take a look at our blog on The Hidden Costs of Planning for further information.
- Make a decision. Should the project be progressed?
Here are some factors to consider when assessing the planning potential of a site:
- Location: The location of the site is one of the most important factors to consider. The site should be in a desirable location that is accessible to potential users. It should also be in a location that is consistent with the local planning policies.
- Size: The size of the site will determine the type and scale of development that is possible.
- Planning Policy Allocation: An allocation of the site will determine what types of development are allowed. If there is no allocation for your site do your due diligence and check the planning policy position for the type of development you’re planning.
- Planning History: Check the Planning Register for any history on the site, approvals or refusals of planning permission can be useful when considering future development. Our article Securing Planning Permission for a Site which has Previously been Refused Planning Permission covers things to consider for sites in this situation.
- Environmental constraints: Environmental constraints could make development difficult or impossible. These constraints could include floodzones, trees, potential habitats, contamination etc.
- Infrastructure: The site should have access to the necessary infrastructure, such as roads, water, sewer, and electricity. The site should also be able to accommodate the increased traffic that would be generated by the development.
- Cost: The cost of developing the site will be a major factor in determining its feasibility. The cost of land, construction, and consents should all be considered.
The appraisal process can be complex and time-consuming, but it is essential for ensuring that a development is viable and that it maximises its value. Here are some tips for doing a town planning development appraisal:
- Start early: The earlier you start the appraisal process, the more time you will have to gather information and assess the site’s potential.
- Be comprehensive: The appraisal process should be comprehensive and cover all aspects of the site’s development potential.
- Be objective: The appraisal process should be objective and free from bias.
- Be realistic: The appraisal process should be realistic and take into account the current market conditions for development.
- Be prepared to adjust your plans: The appraisal process may identify some challenges that will require you to adjust your plans for the development.
By following these tips, you can ensure that your development appraisal is a valuable tool for making informed decisions about the future of your site.
We have a wealth of information on our website for people going through the process (or for other professions in the industry) our eBooks, Practical Guides and Articles cover a range of topics giving you the information you need, in easy-to-understand terms, without the unnecessary waffle. Feel free to take a look!
If you need help with doing a development appraisal, we can help, spending a small amount could save you in the long run,, get in touch to have a chat about your requirements.