Value Band 4 Viability Assessment

Residential values in these areas make the delivery of any market schemes (including older persons housing) difficult. A significant increase in values from 2019 levels (c. 18-23%) would be required in order to address this. The most likely form of development in such locations will therefore be publicly funded social rented housing. Radical public sector intervention will be required to alter market perceptions and/or to subsidise land/development costs, in order to realise the delivery of more mixed tenure schemes. Some developments may be able to go ahead where localised values may be higher and/or a particular build reduces costs.