Site-specific deviations from benchmark land value

Although benchmark land value can vary according to different circumstances, the key assumptions to be used in viability assessments are standardised estimates. Examples of where specific sites may deviate from established benchmarks include: • Where the value of existing uses are higher than any proposed alternatives. In such cases it would be expected that the site would remain in its existing use, unless external factors incentivise redevelopment (e.g. public sector grant for regeneration);