Belfast·SPG002 Development Viability·Page 30·Value Band 3

Value Band 3 Viability Assessment

Smaller policy-compliant schemes up to 75 units should be viable in Value Band 3 areas. Larger developments are mostly viable, though higher density flatted schemes and lower-density large housing schemes may be marginal. Affordable housing provision will not materially affect viability, but carbon reduction measures may render some schemes unviable.

As for Value Band 2, 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. The majority of larger developments should also be viable in these locations. However, higher density flatted schemes may be more marginal, and larger housing schemes may be marginal at lower densities (e.g. 300 houses at 30 dph). The provision of affordable housing in this area (in whatever ratio of tenures) will not materially change the viability position. In some cases, the additional costs of carbon reduction measures may render some schemes unviable or subject to delay. Older persons housing (both sheltered and extra care) may not always be viable in these locations.

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