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    Simplified Example of A Development Appraisal

    Uploaded by

    Rochelle Joy Cruz
    The document summarizes a proposed development of 35 residential apartments including total space, build costs, revenues, and development costs such as external works, preliminary costs, contingencies, professional fees, marketing, payments to local government, financing, and estimated profit. It calculates the total revenue, total costs, and residual land value of £2,502,156 based on specified inputs like build cost per square meter and value per square meter.

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    Simplified Example of A Development Appraisal

    Uploaded by

    Rochelle Joy Cruz
    339 views2 pages
    The document summarizes a proposed development of 35 residential apartments including total space, build costs, revenues, and development costs such as external works, preliminary costs, contingencies, professional fees, marketing, payments to local government, financing, and estimated profit. It calculates the total revenue, total costs, and residual land value of £2,502,156 based on specified inputs like build cost per square meter and value per square meter.

    Original Title

    Appraisal Example Excel

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    The document summarizes a proposed development of 35 residential apartments including total space, build costs, revenues, and development costs such as external works, preliminary costs, contingencies, professional fees, marketing, payments to local government, financing, and estimated profit. It calculates the total revenue, total costs, and residual land value of £2,502,156 based on specified inputs like build cost per square meter and value per square meter.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    339 views2 pages

    Simplified Example of A Development Appraisal

    Uploaded by

    Rochelle Joy Cruz
    The document summarizes a proposed development of 35 residential apartments including total space, build costs, revenues, and development costs such as external works, preliminary costs, contingencies, professional fees, marketing, payments to local government, financing, and estimated profit. It calculates the total revenue, total costs, and residual land value of £2,502,156 based on specified inputs like build cost per square meter and value per square meter.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
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    Simplified Example of a Development Appraisal

    Based on a proposed development for 35 residential apartments. Amounts are in square metres and currency is UK Stirl

    Basic Revenue and Cost Inputs %


    Total amount of space to be built (sqm)
    Total amount of space which will generate value, eg excluding communal space, etc. (sqm)
    Build cost per sqm
    Value per sqm

    Total revenue once all residential units have been sold

    Cost to build the homes


    External works costs, eg hard and soft landscaping, parking spaces etc.
    Preliminary costs to set up the development site 5%
    Contingency allowance cost 5%
    Payments to professionals advising on the development project 12%
    Marketing and sales costs incurred when selling the homes 3.0%
    Payments to local government
    Cost of financing the development

    Profit made by the developer as a % of total revenue 20%

    TOTAL REVENUE
    TOTAL COSTS
    RESIDUAL LAND VALUE
    s and currency is UK Stirling.

    Amounts
    2500
    2125
    £1,500 Change this highlighted figure and see what happens to the RESIDUAL LAND VALUE
    £5,000 Change this highlighted figure and see what happens to the RESIDUAL LAND VALUE

    £10,625,000

    £3,750,000
    £300,000
    £187,500
    £187,500
    £450,000
    £318,750
    £500,000
    £304,094

    £2,125,000 Change this highlighted percentage and see what happens to the RESIDUAL LAND VALUE

    £10,625,000
    £8,122,844
    £2,502,156 This is the 'residual' amount of money estimated to be available to purchase the land

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