Professional blog

You are to identify a possible development site suitable for residential development between 8 and 20 houses.

You are to assess the site for residential development, conduct the required due diligence and provide an initial residual appraisal to provide a recommended offer to the client for the site.

You are to prepare a development viability report to your client outlining the site opportunities and constraints and your recommendations as to how the site could be developed. Your report is to focus on the following key tasks:

On the basis of your investigations, and assuming delivery of a residential development, you are to consider the site density, massing and scale and comment on the following points:

·      Details of investigations required under due diligence to determine feasibility.

·      Site limitations and constraints taking account of the local environment and built environment.

In your report to the client, you must identify the key stakeholders involved and discuss their respective roles within the development process and what impact they may have on determining the success of the scheme. Within this you should discuss development funding and the funding options available to the client.

Additionally, you should provide advice within the report on an appropriate offer which should be derived from an initial residual appraisal of the proposed scheme. The calculations for the residual appraisal can be attached within an appendix.

Please support all work using appropriate references and examples.

You should also use the APA 7th Harvard Style referencing in your submission.

The coursework assessment should be presented in the form of a

professional report.

Your report should include a brief introduction and conclusion. For clarity, the wording contained in the introduction, conclusion, contents page and reference list will not be included in the word count.

Assessment Criteria (Rubric below)

Grades are given in the following bandings:

Assessed intended learning outcomes

On successful completion of this assessment, you will be able to:

1. Demonstrate a good knowledge of the purpose and aims of property development, in the context of the key social, economic, political, and environmental factors which could potentially impact on the value of a proposed scheme.

2. Clearly explain the main stages in the property development process and be able to undertake a site appraisal to identify opportunity and risk.

3. Be confident in undertaking site and development appraisals and the residual method of valuation.

4. Identify the aspirations of the main stakeholders and be able to demonstrate how these could be effectively managed to ensure the delivery of a viable and successful property development scheme.

5. Be able to identify various funding sources for a range of circumstances and clients.

1. You will have knowledge and understanding of the property development process and the main factors, which could have a potential impact on value.

2. You will be able to undertake development appraisals to evaluate options and assess a projects viability.

3. You will be able to identify the key stakeholders, economic and political drivers, risks, and opportunities when undertaking property

development schemes

This assessment prepares apprentices for the End Point Assessment by assessing progress towards the following KSBs:

Knowledge

K1 – Law – Explain the law and the role of legal advisers relating to either acquisition/disposal of property, standard forms of building contracts or other property related contracts.

K2 – Information Management – Describe the methods and techniques for providing information, data and advice to clients.

K9 – Client Relationships – Explain how to manage client/customer relationships.

Skills

S1 – Information Management – Provide data, information and advice for clients relevant to the surveying discipline.

S2 – Health and Safety – Recommend solutions to ensure safe and secure working environments.

S3 – Construction Technology – Provide advice relating to the construction technology of buildings and their materials.

S4 – Law – Negotiate and agree terms for acquisition/disposal of property, standard forms of building contracts or other property related contracts and liaise with legal advisers.

S5 – Consultancy – Manage client instructions from engagement to completion.

S13 – Land, Property and Planning Law – Negotiate solutions to issues affecting both owners and occupiers of land and real estate including at least two of management, sales, lettings, purchase and/or planning.

Behaviours

B1 – Provide a high standard of service – Always ensure your client, or others to whom you have a professional responsibility, receive the best possible advice, support or performance of the terms of engagement you have agreed to and ensure you always give attention to detail.

B2 –Act in a way that promotes trust in the surveying profession – Act in a manner, both in your professional life and private life, to promote you, your firm or the organisation you work for in a professional and positive way.