Catha For Council Blog

Housing and business property development plans only get approval after they’ve passed a development viability appraisal. Usually these appraisals are executed hiring a professional company dedicated to perform this kind of assessments, like Three Dragons. But what kind of criteria ought this variety of suggested site match so it can be given the go ahead? Some fundamental conditions could be :-

• consideration of the firms and typical wages in the region near-by the proposed development area
• how easy is it to get to the suggested site by car, rail, bicycle, and on foot
• the typical sale price of the types of housing in relation to the local people
• present-day population changes in the encompassing area
• building / design outlay for the suggested new site
• the current market price of this kind of property with an eye on likely market price trends
• effect the development could inflict on surrounding traffic routes
• recent findings from alike housing projects in the area
• impact to the local council - more roads to tidy, lighting to put up, rubbish to take away

That provides you just an initial understanding of the types of things proposed new development sites are assessed for. A damaging influence from one or more of the above issues could stop the housing project from being carried out. Naturally, there will be other matters particular to each development property plan, as well as further matters not mentioned in this article.