Picture This:

You’ve unearthed the perfect development site, eyes twinkling with visions of beautiful homes and happy buyers. But before the bricks meet mortar you need a rock-solid understanding of its true potential. That’s where a Watsons Development Land Valuation steps in, your map to turning dreams into profitable reality.

Meet the Client:

A collaboration with a small local developer and their lender, we were instructed to provide a development appraisal to calculate the land value of a site that has been granted planning consent. 

The Challenge:

The aim was to establish the market value of the land subject to the planning consent obtained and establishing the gross development value.

Our Approach:

Boots on the Ground: We didn’t rely on wishful thinking. We surveyed the site, taking its unique features and surroundings into account, from neighbouring properties to access and utilities.

Market Savvy:

We scoured the landscape for similar completed developments, carefully adjusting for size, condition, and location to find the perfect comparisons.

Building with Numbers:

With a keen eye on build costs, fees, profit margins, and even legal hurdles, we built a financial blueprint, calculating the anticipated value of the finished project.

Residual Revelation:

Like peeling back the layers of an onion, we subtracted all those costs from the final picture, revealing the true gold at the heart – the land’s intrinsic value.

The Outcome:

We delivered a comprehensive report to the developer and their lenders, painting a crystal-clear picture of both the land’s value and the project’s potential profitability. Armed with this roadmap, the client secured the funding they needed to bring their vision to life.