Housing viability appraisal report Essay Example | Topics and Well Written Essays - 250 words

Housing viability appraisal report - Essay Example According to the findings of the report, implementing the proposal is a great idea. Because of the high demand for housing, and the accessibility of the location, implementing the project will generate high profits. 2.1 The demand for accommodation in this place shows that a space of schedule of 6,040 sq. m. (all net internal areas) of saleable space is required to accommodate †¦ residential flats. and 1010 sq.m for affordable housing , In addition to that, 745 sq. m. (8,021 sq. ft.) of commercial and 5,219 sq. m. of ‘home- office’ have also been proposed. I understand that there will be 98 home-office, including 11commercial which will provide a total of 9 spaces for the offices, 1 for the garbage and 88 for the residential flats would be constructed. 3.1 The first step in implementing this project is seeking permission to develop the project from the authorities. This will happen through an application, explaining the reason for the project, its benefit to the people, its environmental accessibility, and the expected revenues. Additionally, it will include the expected costs and the sources of the funds. After acquiring a permit, the s106 agreement will be ready for commencement. Comprising of 30-49 one bedroom, 50-79 two bedroom, and 80-119 three bedroom flats, the project is likely to take 36 months to complete. The proposed one-bedroom flats will measure 30 square metres, while a two bedroom will measure 56 square metres. A three bedroom flat will measure 100 square metres and a 4 bedroom flat measure approximately 140 square metres. A similar project constructed in the same area currently sells at  £6000. After completion of the project, payment of the flats will be spread across six quarters, with the first payment expected at the end of Q6. Projected revenues for the sale of the flats indicate that for every