Value Band 1 Viability Assessment

The key factors affecting viability in these locations are the form of development and site value. The majority of policy compliant schemes will be viable, including provision of 20% affordable housing – these are most likely to be schemes of all houses or a mix of houses and flats. Higher density flatted schemes, with higher associated construction costs, will be more marginal – in certain cases, viability may be improved by taking a lower expectation of land value. The provision of affordable housing in this area (in whatever ratio of tenures) will not materially change the viability position, and carbon reduction measures can be accommodated. Older persons housing (both sheltered and extra care) is viable, although sheltered accommodation has stronger viability.