Belfast·SPG002 Development Viability·Page 29·Value Band 2
Value Band 2 Viability Assessment
Value Band 2 locations show that smaller schemes of houses or mixed housing are viable, but higher-density flatted schemes are more marginal. Affordable housing provision does not materially affect viability, and older persons housing has more marginal viability in this band.
The form of development is the key determinant of viability in these locations. All policy compliant smaller (up to c. 75 units) schemes of all houses or a mix of houses and flats should be viable. Higher density flatted schemes, with higher associated construction costs, will be more marginal. Where issues arise, adjustments to the development period/phasing of land payments may improve the viability position. 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. The provision of older persons housing (both sheltered and extra care) will be more marginal here in terms of viability.
Source — /Users/richardhill/Documents/planning-arch-project/data/documents/belfast/SPG002 Development Viability.pdf