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Local Plan & Community Infrastructure Levy Viability Study APPENDICIES August 2013 EB040b

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  • Local Plan & Community Infrastructure Levy

    Viability Study

    APPENDICIES

    August 2013

    EB040b

  • Important Notice

    HDH Planning & Development Ltd has prepared this report for the sole use of Maldon District Council in accordance with the Agreement under which our services were performed. No other warranty, expressed or implied, is made as to the professional advice included in this report or any other services provided by us. This report may not be relied upon by any other party without the prior and express written agreement of HDH Planning & Development Ltd.

    Some of the conclusions and recommendations contained in this report are based upon information provided by others (including Maldon District Council and consultees) and upon the assumption that all relevant information has been provided by those parties from whom it has been requested. Information obtained from third parties has not been independently verified by HDH Planning & Development Ltd, unless otherwise stated in the report. The conclusions and recommendations contained in this report are concerned with policy requirement, guidance and regulations which may be subject to change. They reflect a Chartered Surveyor’s perspective and do not reflect or constitute legal advice and the Council should seek legal advice before implementing any of the recommendations.

    No part of this report constitutes a valuation and the report should not be relied on in that regard.

    Certain statements made in the report may constitute estimates, projections or other forward-looking statements and even though they are based on reasonable assumptions as of the date of the report, such forward-looking statements by their nature involve risks and uncertainties that could cause actual results to differ materially from the results predicted. HDH Planning & Development Ltd specifically does not guarantee or warrant any estimate or projections contained in this report.

    RS Drummond-Hay MRICS ACIH HDH Planning & Development Ltd Bellgate, Casterton Kirkby Lonsdale Cumbria. LA6 2LF [email protected] 015242 76205 / 07989 975 977

    Issued 23th August 2013

    COPYRIGHT

    © This report is the copyright of HDH Planning & Development Ltd. Any unauthorised reproduction or usage by any person other than the addressee is strictly prohibited

    EB040b

  • Table of Contents

    1. s106 History ............................................................................................................... 5

    2. Consultees ................................................................................................................. 9

    3. Consultation Presentation....................................................................................... 11 The pages in this appendix are not numbered ................................................................ 11

    4. Available Non-Residential Property ........................................................................ 13 Office .............................................................................................................................. 14 Industrial ......................................................................................................................... 16 Retail .............................................................................................................................. 20 Land ............................................................................................................................... 24

    5. BCIS Costs ............................................................................................................... 27

    6. Infrastructure Costs ................................................................................................. 33

    7. Strategic Site Details ............................................................................................... 35 North Heybridge proposed masterplan area ................................................................... 37 H1 (North Heybridge), BS1 (North Heybridge), BS2 (North Heybridge), H4 (North Heybridge) ...................................................................................................................... 39 South of Maldon proposed masterplan area ................................................................... 41 M2 (West Maldon) .......................................................................................................... 43 Burnham on Crouch proposed masterplan area ............................................................. 44 B1 (Burnham), B2 (Burnham), B4 (Burnham) ................................................................. 45 F3 (North Fambridge), F4 (North Fambridge) ................................................................. 46 L1 (Latchingdon) ............................................................................................................ 47 S3 (Southminster) .......................................................................................................... 48

    8. Appraisal Results – Residential .............................................................................. 49 The pages in this appendix are not numbered ................................................................ 49

    9. Appraisal Results – Non-residential ....................................................................... 53

    10. Published CIL Rates ................................................................................................ 59

    EB040b

  • EB040b

  • 1. s106 History

    EB040b

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    nd s

    urre

    nder

    of

    asso

    ciat

    ed u

    ses

    in c

    onju

    nctio

    n w

    ith th

    e er

    ectio

    n of

    on

    e de

    tach

    ed d

    wel

    ling

    Page

    2 o

    f S10

    6 on

    Com

    ino

    mis

    sing

    !

    03/0

    0825

    /FU

    L El

    ms

    Farm

    Lan

    d So

    uth

    Of

    Hol

    low

    ay R

    oad

    Hey

    brid

    ge

    Floo

    d al

    levi

    atio

    n sc

    hem

    e fo

    r the

    rege

    ncy

    cour

    t are

    a to

    geth

    er w

    ith th

    e pr

    ovis

    ion

    of a

    foot

    path

    /cyc

    le w

    ay

    link

    to th

    e pu

    blic

    ope

    n sp

    ace.

    Ow

    ners

    to m

    aint

    ain

    and

    man

    age

    Reg

    ency

    Cou

    rt Fl

    ood

    Alle

    viat

    ion

    Sche

    me

    EB040b

  • 2. Consultees Full Name Organisation Details Ms Joanne Webber, Secretary Andrew Martin Associates Arcady Architects Ltd Ashley Robinson Mr Sam Metson Bidwells Mr Cumbers CBS Cumbers MCIAT Mr Steve Heywood Colne Housing Society Ms Tracey Walker Countryside Properties Mr Edward Gittins Edward Gittins & Associates Ms Susannah Westwood Essex County Council Mr John Le Fever Hastoe Housing Association Ltd Inkpen Downie Architecture & Design Ltd Mr J James John James Associates Marble Design Ms Marguerite Livingstone Marguerite Livingstone Associates Ltd Mr Jason Amos Moat Homes Ltd - Head Office Miss Nia Wilkinson Nathaniel Lichfield and Partners Alex Collinson New World Designers Mr Phil Hodgson Parkfield House Development Group Petro Designs Ltd Mr Andrew Claiborne Plater Claiborne Architecture & Design Mr Ray Chapman Ray Chapman Associates Mr David Brooks Robinson and Hall Ms Moira Groborz Rural Community Council of Essex Mr Russell Forde Smart Planning Ltd Mr Terence Wynn Terence Wynn Partnership Mr David Owen The Owen Partnership Mr T C Matthews TMA Chartered Surveyors Traer Clark Ltd Mr Winston Knowles Winston Knowles MCIAT Mr Geoffrey Vale Mr Paul Newbould Mr Rob Parish Mr Ken Philpot Mrs Sue Bell, Chartered Town Planner Mr Angus Bates Hill Street Holdings Limited David Fletcher Strutt and Parker Gary Duncan Countryside Properties Daniel Lampard NLP / Linden Homes Matt Clarke Boyer Planing (RHS) Mr Simon Butler-Finbow Pigeon Mary Power Dalton Warner Davis (Persimmon Homes) Mike Carpenter CODE Development & CEG Nia Wilkinson NLP / Dartmouth Park Estates Andy Butcher Strutt and Parker Kevin Fraser ECC - Principal Planner Blaise Gammier ECC - Education Peter Adamson Grove Homes (Essex) Ltd Angie Hooper Moat Homes Ltd - Maldon Office Helen Shackleton CHP Debbie Collins Estuary Chris Stevenson Essex County Council - Highways Lindsay Black Environment Agency Gary Guiver Tendring District Council Shaun Scrutton Rochford District Council

    EB040b

  • Mrs Karen Syrett Colchester Borough Council Mr Derek Stebbing Chelmsford Borough Council Jennifer Candler Brentwood Borough Council Ms Katharine Fletcher English Heritage Eleanor Dash Braintree District Council Martin Lunn Essex & Suffolk Water Ms Carly Summers Anglian Water Ms Donna Wickham Essex & Suffolk Water Highways Agency Homes and Comunities Agency David Ralph Haven Gateway Partnership Keith Cornwall Thames Gateway Partnership Sue Bull Anglia Water John Henry Mid Essex PCT Ann-Marie Grant Mid Essex PCT Annette Thorpe BT Ross Mcghin National Grid (gas) Paul Cudby National Grid (electric)

    EB040b

  • 3. Consultation Presentation The pages in this appendix are not numbered

    EB040b

  • 01/09/20

    13 1

    Loca

    l Pla

    n an

    d C

    IL V

    iabi

    lity

    Stu

    dy

    Firs

    t Con

    sulta

    tion

    Even

    tM

    etho

    dolo

    gy, A

    ssum

    ptio

    ns &

    App

    rais

    als

    26th

    June

    201

    3

    Age

    nda

    •N

    PP

    F, R

    egul

    atio

    ns a

    nd G

    uida

    nce

    •M

    etho

    dolo

    gy•

    Mai

    n A

    ssum

    ptio

    ns–

    Hou

    se p

    rices

    –A

    fford

    able

    Hou

    sing

    –C

    omm

    erci

    al p

    rices

    –D

    evel

    opm

    ent c

    osts

    •Th

    e Vi

    abili

    ty T

    est

    ‘com

    petit

    ive

    retu

    rn’

    •M

    ovin

    g Fo

    rwar

    d

    Key

    issu

    e

    •W

    ill th

    e pl

    an d

    eliv

    er w

    hat t

    he C

    ounc

    il w

    ant i

    t to

    del

    iver

    (will

    it w

    ork)

    ?

    •W

    hat e

    ffect

    wou

    ld C

    IL h

    ave?

    NP

    PF

    182

    The

    Loca

    l Pla

    n w

    ill be

    exa

    min

    ed b

    y an

    inde

    pend

    ent i

    nspe

    ctor

    who

    se ro

    le is

    to

    asse

    ss w

    heth

    er th

    e pl

    an h

    as b

    een

    prep

    ared

    in a

    ccor

    danc

    e w

    ith th

    e D

    uty

    to

    Coo

    pera

    te, l

    egal

    and

    pro

    cedu

    ral r

    equi

    rem

    ents

    , and

    whe

    ther

    it is

    sou

    nd. A

    lo

    cal p

    lann

    ing

    auth

    ority

    sho

    uld

    subm

    it a

    plan

    for e

    xam

    inat

    ion

    whi

    ch it

    co

    nsid

    ers

    is “s

    ound

    ” –na

    mel

    y th

    at it

    is:

    •Po

    sitiv

    ely

    prep

    ared

    –th

    e pl

    an s

    houl

    d be

    pre

    pare

    d ba

    sed

    on a

    stra

    tegy

    w

    hich

    see

    ks to

    mee

    t obj

    ectiv

    ely

    asse

    ssed

    dev

    elop

    men

    t and

    infra

    stru

    ctur

    e re

    quire

    men

    ts, i

    nclu

    ding

    unm

    et re

    quire

    men

    ts fr

    om n

    eigh

    bour

    ing

    auth

    oriti

    es

    whe

    re it

    is re

    ason

    able

    to d

    o so

    and

    con

    sist

    ent w

    ith a

    chie

    ving

    sus

    tain

    able

    de

    velo

    pmen

    t;•

    Just

    ified

    –th

    e pl

    an s

    houl

    d be

    the

    ……

    •Ef

    fect

    ive

    –th

    e pl

    an s

    houl

    d be

    del

    iver

    able

    over

    its

    perio

    d an

    d ba

    sed

    on

    effe

    ctiv

    e jo

    int w

    orki

    ng o

    n cr

    oss-

    boun

    dary

    stra

    tegi

    c pr

    iorit

    ies;

    and

    •C

    onsi

    sten

    t with

    nat

    iona

    l pol

    icy

    –th

    e pl

    an s

    houl

    d …

    4

    EB040b

  • 01/09/20

    13 2

    NP

    PF

    173

    Ensu

    ring

    viab

    ility

    and

    deliv

    erab

    ility

    Pur

    suin

    g su

    stai

    nabl

    e de

    velo

    pmen

    t req

    uire

    s ca

    refu

    l atte

    ntio

    n to

    via

    bilit

    y an

    d co

    sts

    in p

    lan-

    mak

    ing

    and

    deci

    sion

    -taki

    ng. P

    lans

    sho

    uld

    be

    deliv

    erab

    le. T

    here

    fore

    , the

    site

    s an

    d th

    e sc

    ale

    of d

    evel

    opm

    ent i

    dent

    ified

    in

    the

    plan

    sho

    uld

    not b

    e su

    bjec

    t to

    such

    a s

    cale

    of o

    blig

    atio

    ns a

    nd

    polic

    y bu

    rden

    s th

    at th

    eir a

    bilit

    y to

    be

    deve

    lope

    d vi

    ably

    is th

    reat

    ened

    . To

    ensu

    re v

    iabi

    lity,

    the

    cost

    s of

    any

    requ

    irem

    ents

    like

    ly to

    be

    appl

    ied

    to

    deve

    lopm

    ent,

    such

    as

    requ

    irem

    ents

    for a

    fford

    able

    hou

    sing

    , sta

    ndar

    ds,

    infra

    stru

    ctur

    e co

    ntrib

    utio

    ns o

    r oth

    er re

    quire

    men

    ts s

    houl

    d, w

    hen

    taki

    ng

    acco

    unt o

    f the

    nor

    mal

    cos

    t of d

    evel

    opm

    ent a

    nd m

    itiga

    tion,

    pro

    vide

    co

    mpe

    titiv

    e re

    turn

    sto

    a w

    illing

    land

    ow

    ner a

    nd w

    illing

    dev

    elop

    er to

    en

    able

    the

    deve

    lopm

    ent t

    o be

    del

    iver

    able

    .

    5

    NP

    PF

    174

    Ensu

    ring

    viab

    ility

    and

    deliv

    erab

    ility

    Loca

    l pla

    nnin

    g au

    thor

    ities

    sho

    uld

    set o

    ut th

    eir p

    olic

    y on

    loca

    l sta

    ndar

    ds

    in th

    e Lo

    cal P

    lan,

    incl

    udin

    g re

    quire

    men

    ts fo

    r affo

    rdab

    le h

    ousi

    ng. T

    hey

    shou

    ld a

    sses

    s th

    e lik

    ely

    cum

    ulat

    ive

    impa

    cts

    on d

    evel

    opm

    ent i

    n th

    eir

    area

    of a

    ll ex

    istin

    g an

    d pr

    opos

    ed lo

    cal s

    tand

    ards

    , sup

    plem

    enta

    ry

    plan

    ning

    doc

    umen

    ts a

    nd p

    olic

    ies

    that

    sup

    port

    the

    deve

    lopm

    ent p

    lan,

    w

    hen

    adde

    d to

    nat

    iona

    lly re

    quire

    d st

    anda

    rds.

    In o

    rder

    to b

    e ap

    prop

    riate

    , the

    cum

    ulat

    ive

    impa

    ct o

    f the

    se s

    tand

    ards

    and

    pol

    icie

    s sh

    ould

    not

    put

    impl

    emen

    tatio

    n of

    the

    plan

    at s

    erio

    us ri

    sk, a

    nd s

    houl

    d fa

    cilit

    ate

    deve

    lopm

    ent t

    hrou

    ghou

    t the

    eco

    nom

    ic c

    ycle

    . Evi

    denc

    e su

    ppor

    ting

    the

    asse

    ssm

    ent s

    houl

    d be

    pro

    porti

    onat

    e, u

    sing

    onl

    y ap

    prop

    riate

    ava

    ilabl

    e ev

    iden

    ce.

    6

    CIL

    Reg

    ulat

    ions

    Reg

    ulat

    ion

    14 -

    Setti

    ng ra

    tes

    (1)

    In s

    ettin

    g ra

    tes

    (incl

    udin

    g di

    ffere

    ntia

    l rat

    es) i

    n a

    char

    ging

    sch

    edul

    e, a

    ch

    argi

    ng a

    utho

    rity

    mus

    t aim

    to s

    trike

    wha

    t app

    ears

    to th

    e ch

    argi

    ng

    auth

    ority

    to b

    e an

    app

    ropr

    iate

    bal

    ance

    bet

    wee

    n—(a

    ) th

    e de

    sira

    bilit

    y of

    fund

    ing

    from

    CIL

    (in

    who

    le o

    r in

    part)

    the

    actu

    al

    and

    expe

    cted

    est

    imat

    ed to

    tal c

    ost o

    f inf

    rast

    ruct

    ure

    requ

    ired

    to

    supp

    ort t

    he d

    evel

    opm

    ent o

    f its

    are

    a, ta

    king

    into

    acc

    ount

    oth

    er

    actu

    al a

    nd e

    xpec

    ted

    sour

    ces

    of fu

    ndin

    g; a

    nd.

    (b)

    the

    pote

    ntia

    l effe

    cts

    (take

    n as

    a w

    hole

    ) of t

    he im

    posi

    tion

    of

    CIL

    on

    the

    econ

    omic

    via

    bilit

    y of

    dev

    elop

    men

    t acr

    oss

    its a

    rea.

    .(2

    ) …

    ….

    7

    Dec

    embe

    r 201

    2 C

    IL G

    uida

    nce

    (9)

    9. T

    he in

    depe

    nden

    t exa

    min

    er s

    houl

    d es

    tabl

    ish

    that

    : •

    the

    char

    ging

    aut

    horit

    y ha

    s co

    mpl

    ied

    with

    the

    requ

    irem

    ents

    set

    out

    in

    Par

    t 11

    of th

    e P

    lann

    ing

    Act

    200

    8 an

    d th

    e C

    omm

    unity

    Infra

    stru

    ctur

    e Le

    vy R

    egul

    atio

    ns

    •th

    e ch

    argi

    ng a

    utho

    rity’

    s dr

    aft c

    harg

    ing

    sche

    dule

    is s

    uppo

    rted

    by

    back

    grou

    nd d

    ocum

    ents

    con

    tain

    ing

    appr

    opria

    te a

    vaila

    ble

    evid

    ence

    the

    prop

    osed

    rate

    or r

    ates

    are

    info

    rmed

    by

    and

    cons

    iste

    nt w

    ith, t

    he

    evid

    ence

    on

    econ

    omic

    via

    bilit

    y ac

    ross

    the

    char

    ging

    aut

    horit

    y's

    area

    ; an

    d •

    evid

    ence

    has

    bee

    n pr

    ovid

    ed th

    at s

    how

    s th

    e pr

    opos

    ed ra

    te (o

    r rat

    es)

    wou

    ld n

    ot th

    reat

    en d

    eliv

    ery

    of th

    e re

    leva

    nt P

    lan

    as a

    who

    le.

    10. T

    he e

    xam

    iner

    sho

    uld

    be re

    ady

    to re

    com

    men

    d m

    odifi

    catio

    n or

    re

    ject

    ion

    of th

    e dr

    aft c

    harg

    ing

    sche

    dule

    if it

    thre

    aten

    s de

    liver

    y of

    the

    rele

    vant

    Pla

    n as

    a w

    hole

    . 8

    EB040b

  • 01/09/20

    13 3

    Apr

    il 20

    13 C

    IL G

    uida

    nce

    (8)

    ……

    …. I

    n m

    eetin

    g th

    e re

    quire

    men

    ts o

    f reg

    ulat

    ion

    14(1

    ), ch

    argi

    ng

    auth

    oriti

    es s

    houl

    d sh

    ow a

    nd e

    xpla

    in h

    ow th

    eir p

    ropo

    sed

    levy

    rate

    (or

    rate

    s) w

    ill co

    ntrib

    ute

    tow

    ards

    the

    impl

    emen

    tatio

    n of

    thei

    r rel

    evan

    t Pla

    n an

    d su

    ppor

    t the

    dev

    elop

    men

    t of t

    heir

    area

    .As

    set o

    ut in

    the

    Nat

    iona

    l P

    lann

    ing

    Pol

    icy

    Fram

    ewor

    k in

    Eng

    land

    , the

    abi

    lity

    to d

    evel

    op v

    iabl

    y th

    e si

    tes

    and

    the

    scal

    e of

    dev

    elop

    men

    t ide

    ntifi

    ed in

    the

    Loca

    l Pla

    n sh

    ould

    no

    t be

    thre

    aten

    ed.

    9

    CIL

    , s10

    6, 1

    23 L

    ist a

    nd o

    ther

    so

    urce

    s of

    fund

    ing

    88.

    Whe

    re th

    e re

    gula

    tion

    123

    list i

    nclu

    des

    a ge

    neric

    item

    (suc

    h as

    edu

    catio

    n or

    tran

    spor

    t),

    sect

    ion

    106

    cont

    ribut

    ions

    sho

    uld

    not n

    orm

    ally

    be

    soug

    ht o

    n an

    y sp

    ecifi

    c pr

    ojec

    ts in

    that

    cat

    egor

    y’

    Suc

    h si

    te-s

    peci

    fic c

    ontri

    butio

    ns s

    houl

    d on

    ly b

    e so

    ught

    whe

    re th

    is c

    an b

    e ju

    stifi

    ed w

    ith re

    fere

    nce

    to

    the

    unde

    rpin

    ning

    evi

    denc

    e on

    infra

    stru

    ctur

    e pl

    anni

    ng m

    ade

    publ

    icly

    ava

    ilabl

    e at

    exa

    min

    atio

    n.

    10

    Pos

    itive

    ly P

    repa

    red

    In o

    rder

    to b

    e ap

    prop

    riate

    , the

    cum

    ulat

    ive

    impa

    ct o

    f the

    se

    stan

    dard

    s an

    d po

    licie

    s sh

    ould

    not

    put

    impl

    emen

    tatio

    n of

    the

    plan

    at s

    houl

    d fa

    cilit

    ate

    deve

    lopm

    ent t

    hrou

    ghou

    t the

    ec

    onom

    ic c

    ycle

    .N

    PP

    F 17

    4

    … c

    harg

    ing

    auth

    oriti

    es s

    houl

    d sh

    ow a

    nd e

    xpla

    in h

    ow th

    eir

    prop

    osed

    levy

    rate

    (or r

    ates

    ) will

    con

    trib

    ute

    tow

    ards

    the

    impl

    emen

    tatio

    n of

    thei

    r rel

    evan

    t Pla

    nan

    d su

    ppor

    t the

    de

    velo

    pmen

    t of t

    heir

    area

    .C

    IL G

    uida

    nce

    (8)

    11

    Viab

    ility

    Tes

    tsN

    PPF

    Pla

    n de

    liver

    abilit

    y (w

    as P

    PS

    3 P

    arag

    raph

    29

    Affo

    rdab

    le H

    ousi

    ng

    Targ

    et to

    be

    broa

    dly

    deliv

    erab

    le)

    Dut

    y to

    co-

    oper

    ate

    CIL

    Reg

    ulat

    ion

    14A

    sses

    s im

    pact

    of v

    iabi

    lity

    on d

    eliv

    ery

    SHLA

    AD

    eliv

    erab

    ility

    Site

    Spe

    cific

    s106

    neg

    otia

    tions

    etc

    Gui

    danc

    e: L

    GA

    /HB

    F (H

    arm

    an),

    RIC

    S G

    uida

    nce,

    PA

    S, H

    CA

    and

    othe

    rs.

    12

    EB040b

  • 01/09/20

    13 4

    Viab

    ility

    Tes

    ting

    -Gui

    danc

    eTH

    ERE

    IS N

    O S

    TATU

    TORY

    GU

    IDAN

    CE

    NPP

    F sa

    ys:

    ‘Evi

    denc

    e su

    ppor

    ting

    the

    asse

    ssm

    ent s

    houl

    d be

    pro

    porti

    onat

    e,

    usin

    g on

    ly a

    ppro

    pria

    te a

    vaila

    ble

    evid

    ence

    ’.

    The

    CIL

    gui

    danc

    e sa

    ys:

    ‘The

    legi

    slat

    ion

    (sec

    tion

    212

    (4) (

    b)) r

    equi

    res

    a ch

    argi

    ng a

    utho

    rity

    to u

    se 'a

    ppro

    pria

    te a

    vaila

    ble

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    ised

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    tes

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    rmed

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    iate

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    iste

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    nce

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    rmat

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    ided

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    this

    st

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    ital t

    o as

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    y. T

    he

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    oach

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    an

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    til th

    e de

    velo

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    t man

    agem

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    tage

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    s w

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    EB040b

  • 01/09/20

    13 5

    Con

    sulta

    tion

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    harg

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    ing

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    dule

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    s sh

    ould

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    nd b

    road

    pro

    posa

    ls fo

    r the

    Com

    mun

    ity In

    frast

    ruct

    ure

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    an

    d th

    e G

    over

    nmen

    t enc

    oura

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    oriti

    es to

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    raft

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    edul

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    . Ear

    ly e

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    emen

    t with

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    l dev

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    rs in

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    thly.

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    vel o

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    rom

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    l de

    velo

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    . A

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    Larg

    e S

    ites

    Land

    owne

    rs a

    nd s

    ite p

    rom

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    ould

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    cien

    t and

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    rmat

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    s w

    ill a

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    an

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    rmed

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    emen

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    ning

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    man

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    Pag

    e 23

    ……

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    ome

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    EB040b

  • 01/09/20

    13 6

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    0

    EB040b

  • 01/09/20

    13 7

    Key

    Ass

    umpt

    ions

    25

    Aver

    age

    Hou

    se P

    rices

    (all)

    26

    020406080100

    120

    140

    160

    180

    2006 Q12006 Q22006 Q32006 Q42007 Q12007 Q22007 Q3

    20072008 Q12008 Q22008 Q32008 Q42009 Q12009 Q22009 Q32009 Q42010 Q12010 Q22010 Q32010 Q42011 Q12011 Q22011 Q32011 Q42012 Q12012 Q22012 Q3

    ENGLAND

    EAST

    Essex

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    Chelmsford

    Colche

    ster

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    nRo

    chford

    Inne

    r Lon

    don£0

    £50,00

    0

    £100

    ,000

    £150

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    ,000

    £250

    ,000

    £300

    ,000

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    ,000

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    2006 Q12006 Q22006 Q32006 Q42007 Q12007 Q22007 Q3

    20072008 Q12008 Q22008 Q32008 Q42009 Q12009 Q22009 Q32009 Q42010 Q12010 Q22010 Q32010 Q42011 Q12011 Q22011 Q32011 Q42012 Q12012 Q22012 Q3

    England

    EAST

    Essex

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    Chelmsford

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    ster

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    chford

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    r Lon

    don

    Aver

    age

    Hou

    se P

    rices

    27

    New

    Hou

    se P

    rices

    28

    £0

    £50,000

    £100,000

    £150,000

    £200,000

    £250,000

    New

     Outer S East

    New

     UK

    Older Outer S East

    Older UK

    EB040b

  • 01/09/20

    13 8

    29

    Table 4.1 New

     Build Hou

    se Asking Prices

    Bed

    room

    sA

    rea

    m2

    Pric e £

    £/m

    2

    Age

    nt/d

    evel

    oper

    Add

    ress

    Tow

    nFl

    atH

    ouse

    Flat

    Hou

    se

    Nor

    ton

    Bar

    geC

    old

    Nor

    ton

    Ess

    ex2

    6019

    0,00

    03,

    167

    Nor

    ton

    Bar

    ge2

    6019

    5,00

    03,

    250

    Nor

    ton

    Bar

    ge2

    6019

    5,00

    03,

    250

    Spi

    tal R

    dM

    aldo

    n3

    6022

    9,99

    53,

    833

    Nor

    th E

    nd S

    outh

    min

    ster

    410

    024

    9,99

    52,

    500

    Har

    vey

    rdG

    t Tot

    ham

    Mal

    don

    376

    295,

    000

    3,87

    0

    19 C

    oron

    atio

    n R

    dB

    urnh

    am o

    n C

    rouc

    h3

    325,

    000

    The

    That

    cher

    sC

    hape

    l Rd

    Tolle

    shun

    t D'A

    rcy

    412

    834

    9,95

    02,

    734

    Cor

    onat

    ion

    Rd

    Bur

    nham

    on

    Cro

    uch

    417

    036

    5,00

    02,

    147

    21 C

    oron

    atio

    n R

    dB

    urnh

    am o

    n C

    rouc

    h3

    375,

    000

    Cha

    pel R

    dTo

    llesh

    unt D

    'Arc

    y5

    184

    375,

    000

    2,03

    8

    Cha

    pel R

    dTo

    llesh

    unt D

    'Arc

    y5

    225

    390,

    000

    1,73

    3

    Gre

    at T

    otha

    mE

    ssex

    422

    139

    9,95

    01,

    810

    23 C

    oron

    atio

    n R

    dB

    urnh

    am o

    n C

    rouc

    h3

    450,

    000

    Sout

    h St

    Tillin

    gham

    Sout

    hmin

    ster

    445

    0,00

    0

    Lodg

    e B

    arn

    Woo

    dham

    Lod

    ge B

    arns

    CM

    3 4H

    Q3

    177

    750,

    000

    4,24

    9

    Bro

    advi

    ew B

    arn

    Woo

    dham

    Lod

    ge B

    arns

    321

    887

    5,00

    04,

    008

    Dut

    ch B

    arn

    Woo

    dham

    Lod

    ge B

    arns

    424

    292

    5,00

    03,

    829

    Val

    ley

    Bar

    nW

    oodh

    am L

    odge

    Bar

    ns5

    331

    1,22

    5,00

    03,

    704

    Lodg

    e R

    dH

    azel

    eigh

    Che

    lmsf

    ord

    683

    81,

    895,

    000

    2,26

    1

    Ren

    ts, 2

    Bed

    , £/m

    onth

    30

    £0

    £100

    £200

    £300

    £400

    £500

    £600

    £700

    £800

    Maldo

    n +5

     mile

    Heybrid

    ge+

    5mile

    Burnham on

    Crou

    ch +5 Mile

    Southm

    inster +1

    mile

    Med

    ian Re

    nt

    80% M

    edian Re

    nt

    LHA Cap

    Social Ren

    t

    Affordable Ren

    t

    Affo

    rdab

    le R

    ent

    •R

    ent

    80%

    ofm

    edia

    nre

    nt/

    Loca

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    sing

    Allo

    wan

    ceC

    ap•

    Man

    agem

    ent1

    0%•

    Void

    s4%

    •R

    epai

    rs6%

    •Yi

    eld

    5.5%

    (18

    YP

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    Ass

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    £1,3

    00/m

    2

    31

    Affo

    rdab

    le A

    ssum

    ptio

    ns

    •Af

    ford

    able

    Ren

    t•

    Soci

    al re

    nt50

    % O

    MV

    •In

    term

    edia

    te70

    % O

    MV

    •H

    isto

    ric G

    rant

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    typi

    cally

    £35

    ,000

    /soc

    ial r

    ent

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    zer

    o

    •G

    rant

    , rec

    ycle

    d gr

    ant,

    Rig

    ht-to

    -buy

    rece

    ipts

    , S

    ocia

    l to

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    rdab

    le re

    nt c

    onve

    rsio

    ns?

    32

    EB040b

  • 01/09/20

    13 9

    Pric

    e A

    ssum

    ptio

    ns

    33

    Table 9.7  Pric

    e assumptions

    Site

    Uni

    tsM

    arke

    tIn

    term

    edia te

    Affo

    rdab

    le

    Ren

    t£/

    m2

    £/m

    2£/

    m2

    1La

    rger

    Villa

    geAl

    thor

    ne40

    2,30

    01,

    610

    1,30

    02

    Larg

    er V

    illage

    Brad

    wel

    l on

    Sea

    202,

    300

    1,61

    01,

    300

    3La

    rger

    Villa

    geSo

    uthm

    inst

    er35

    92,

    300

    1,61

    01,

    300

    4La

    rger

    Villa

    geM

    ayla

    nd16

    52,

    400

    1,68

    01,

    300

    5La

    rger

    Villa

    geTo

    llesb

    ury

    822,

    350

    1,64

    51,

    300

    6La

    rger

    Villa

    geW

    ickh

    am B

    isho

    ps13

    2,90

    02,

    030

    1,30

    07

    Urb

    an In

    fill

    Mal

    don

    202,

    700

    1,89

    01,

    300

    8U

    rban

    Infil

    lM

    aldo

    n2

    2,70

    01,

    890

    1,30

    09

    Larg

    er V

    illage

    Nor

    th F

    abrid

    ge10

    52,

    600

    1,82

    01,

    300

    10To

    wn

    Edge

    Burn

    ham

    on

    Cro

    uch

    626

    018

    21,

    300

    11Sm

    alle

    r Villa

    gePu

    rleig

    h20

    2,90

    02,

    030

    1,30

    012

    Smal

    ler V

    illage

    Littl

    e To

    tham

    32,

    900

    2,03

    01,

    300

    13Sm

    alle

    r Villa

    geW

    oodh

    am W

    alte

    r17

    2,80

    01,

    960

    1,30

    014

    Smal

    ler V

    illage

    Woo

    dham

    Mor

    timer

    222,

    900

    2,03

    01,

    300

    Pric

    e A

    ssum

    ptio

    ns

    34

    Table 9.8  Strategic Site

    s Pric

    e Assumptions

    Mar

    ket

    Inte

    rmed

    iate

    to

    Buy

    Affo

    rdab

    le

    Ren

    t£/

    m2

    £/m

    2£/

    m2

    Site

    1N

    orth

    Hey

    brid

    ge M

    PH

    eybr

    idge

    2,60

    01,

    820

    1,30

    0S

    ite 2

    H1

    BS

    1 B

    S2

    H4

    Hey

    brid

    geH

    eybr

    idge

    2,60

    01,

    820

    1,30

    0S

    ite 3

    Sou

    th M

    aldo

    n M

    PM

    aldo

    n2,

    600

    1,82

    01,

    300

    Site

    4M

    2 W

    est M

    aldo

    nM

    aldo

    n2,

    600

    1,82

    01,

    300

    Site

    5B

    urnh

    am o

    n C

    Bur

    nham

    on

    Cro

    uch

    2,50

    01,

    750

    1,30

    0S

    ite 6

    B1

    B2

    B4

    Bur

    nham

    Bur

    nham

    2,45

    01,

    715

    1,30

    0S

    ite 7

    F3 F

    4 Fa

    mbr

    idge

    Fam

    brid

    ge2,

    450

    1,71

    51,

    300

    Site

    8La

    tchi

    ngdo

    nLa

    tchi

    ngdo

    n2,

    500

    1,75

    01,

    300

    Site

    9S

    outh

    min

    ster

    Sou

    thm

    inst

    er2,

    450

    1,71

    51,

    300

    Pric

    e A

    ssum

    ptio

    ns

    35

    Tabl

    e 5.

    2 C

    apita

    lised

    typi

    cal r

    ents

    £/m

    2

    Ren

    t £/

    m2

    Yiel

    dC

    apita

    lised

    R

    ent

    £/m

    2

    Larg

    e in

    dust

    rial

    657.

    50%

    867

    Sm

    all i

    ndus

    trial

    659.

    00%

    722

    Offi

    ces

    130

    8.00

    %1,

    625

    Sup

    erm

    arke

    ts16

    06.

    00%

    2,66

    7R

    etai

    l War

    ehou

    se12

    08.

    00%

    1,50

    0S

    hops

    200

    9.00

    %2,

    222

    Hot

    els

    2,15

    0R

    etire

    men

    t hou

    sing

    3,00

    0E

    xtra

    care

    3,30

    0

    Pric

    e A

    ssum

    ptio

    ns

    36

    •R

    etire

    men

    t Hom

    e G

    roup

    repr

    esen

    tatio

    ns: t

    he p

    rice

    of a

    1 b

    ed s

    helte

    red

    prop

    erty

    is a

    bout

    75%

    of p

    rice

    of e

    xist

    ing

    3 be

    d se

    mi d

    etac

    hed

    hous

    e an

    d a

    2 be

    d sh

    elte

    red

    prop

    erty

    is a

    bout

    equ

    al to

    the

    pric

    e of

    exi

    stin

    g 3

    bed

    sem

    i de

    tach

    ed h

    ouse

    . In

    add

    ition

    we

    have

    ass

    umed

    Ext

    raca

    re h

    ousi

    ng is

    25%

    m

    ore

    expe

    nsiv

    e th

    an s

    helte

    red.

    •In

    Mal

    don

    the

    med

    ian

    pric

    e of

    a 3

    bed

    sem

    i-det

    ache

    d ho

    me

    is £

    220,

    000

    Tabl

    e 5.

    1 W

    orth

    of R

    etire

    men

    t and

    Ext

    raca

    reAr

    ea£

    £/m

    23

    bed

    sem

    i-det

    ache

    d22

    0,00

    0I b

    ed S

    helte

    red

    5016

    5,00

    03,

    300

    2 be

    d Sh

    elte

    red

    7522

    0,00

    02,

    933

    1 be

    d Ex

    traca

    re65

    206,

    250

    3,17

    32

    bed

    Extra

    care

    8027

    5,00

    03,

    438

    EB040b

  • 01/09/20

    13 10

    Alte

    rnat

    ive

    Use

    Val

    ue

    Indu

    stria

    l£6

    25,0

    00 /h

    aR

    esid

    entia

    l£1

    ,000

    ,000

    /ha

    Agr

    icul

    tura

    l£2

    5,00

    0 /h

    aP

    addo

    ck£5

    0,00

    0 /h

    a

    Per

    net

    dev

    elop

    able

    ha

    37

    Dev

    elop

    men

    t Cos

    ts

    1.C

    onst

    ruct

    ion

    BC

    IS +

    6%

    for C

    FSH

    42.

    Infr

    astr

    uctu

    re10

    % -

    20%

    3.Fe

    esR

    es 1

    0%N

    on R

    es 8

    %4.

    Con

    tinge

    ncie

    s2.

    5% to

    5%

    5.In

    tere

    st7%

    6.Pr

    ofit

    20%

    (on

    Cos

    t or G

    DV

    )

    38

    Table 10.7  Strategic Site

     Infrastructure Costs

    Who

    le s

    iteP

    er U

    nit

    Nor

    th H

    eybr

    idge

    pro

    pose

    d m

    aste

    rpla

    n ar

    ea13

    ,808

    ,669

    15,3

    43

    H1

    BS

    1 B

    S2

    H4

    (Nor

    th H

    eybr

    idge

    )9,

    797,

    223

    13,9

    96

    Sou

    th o

    f Mal

    don

    prop

    osed

    mas

    terp

    lan

    area

    14,7

    41,7

    6211

    ,793

    M2

    (Wes

    t Mal

    don)

    9,21

    7,38

    713

    ,168

    Bur

    nham

    on

    Cro

    uch

    prop

    osed

    mas

    terp

    lan

    area

    4,90

    7,93

    310

    ,907

    B1

    B2

    B4

    (Bur

    nham

    )6,

    161,

    006

    8,80

    1

    F3 F

    4 (N

    orth

    Fam

    brid

    ge)

    8,16

    1,00

    611

    ,659

    L1 (L

    atch

    ingd

    on)

    10,1

    61,0

    0614

    ,516

    S3

    (Sou

    thm

    inst

    er)

    11,3

    61,0

    0616

    ,230

    Mar

    ket P

    ace

    •O

    ver p

    lan

    perio

    d –

    not j

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    ow•

    Larg

    e si

    tes

    –m

    ultip

    le o

    utle

    ts•

    30 o

    r so

    per o

    utle

    t yea

    r•

    Dow

    n to

    4 p

    er y

    ear

    40

    EB040b

  • 01/09/20

    13 11

    Cum

    ulat

    ive

    Impa

    ct o

    f Pol

    icy

    •…

    .. sh

    ould

    ass

    ess

    the

    likel

    y cu

    mul

    ativ

    e im

    pact

    s on

    dev

    elop

    men

    t in

    thei

    r are

    a of

    all

    exis

    ting

    and

    prop

    osed

    loca

    l sta

    ndar

    ds, s

    uppl

    emen

    tary

    pl

    anni

    ng d

    ocum

    ents

    and

    pol

    icie

    s th

    at s

    uppo

    rt th

    e de

    velo

    pmen

    t pla

    n, w

    hen

    adde

    d to

    nat

    iona

    lly

    requ

    ired

    stan

    dard

    s …

    ..

    Mal

    don

    Dis

    tric

    t Loc

    al D

    evel

    opm

    ent P

    lan

    Pref

    erre

    d O

    ptio

    ns C

    onsu

    ltatio

    ns (2

    012)

    Rev

    ised

    Pre

    ferr

    ed O

    ptio

    ns (2

    9th

    Janu

    ary

    2013

    )41

    Cum

    ulat

    ive

    Impa

    ct o

    f Pol

    icy

    Pol

    icy

    S1

    Sus

    tain

    able

    Dev

    elop

    men

    tP

    olic

    y S

    3 P

    lace

    Sha

    ping

    Pol

    icy

    S4

    Mal

    don

    and

    Hey

    brid

    ge G

    arde

    n S

    ubur

    bsP

    olic

    y S

    8 B

    urnh

    am-o

    n-C

    rouc

    hP

    olic

    y D

    1 D

    esig

    n Q

    ualit

    y an

    d B

    uilt

    Env

    ironm

    ent

    Pol

    icy

    D2

    Clim

    ate

    Cha

    nge

    & E

    nviro

    nmen

    tal I

    mpa

    ct o

    f New

    Dev

    elop

    men

    tP

    olic

    y D

    3 C

    onse

    rvat

    ion

    and

    Her

    itage

    Ass

    ets

    Pol

    icy

    D5

    Floo

    d R

    isk

    Pol

    icy

    E6

    Ski

    lls, T

    rain

    ing

    and

    Edu

    catio

    nP

    olic

    y H

    1 A

    fford

    able

    Hou

    sing

    Pol

    icy

    H2

    Hou

    sing

    Mix

    Pol

    icy

    H4

    Effe

    ctiv

    e U

    se o

    f Lan

    dP

    olic

    y N

    1 G

    reen

    Infra

    stru

    ctur

    e N

    etw

    ork

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    icy

    N3

    Ope

    n S

    pace

    , Spo

    rt an

    d Le

    isur

    eP

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    y T1

    Sus

    tain

    able

    Tra

    nspo

    rtP

    olic

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    essi

    bilit

    yP

    olic

    y I1

    Infra

    stru

    ctur

    e an

    d S

    ervi

    ces

    42

    Dev

    elop

    er C

    ontri

    butio

    ns

    •20

    05 M

    aldo

    n D

    istri

    ct D

    evel

    oper

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    ontri

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    •Es

    sex

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    ack

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    ord

    £2,5

    00 p

    er u

    nit.

    43

    H3

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    rdab

    le H

    ousi

    ngS

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    over

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    haSu

    b-ar

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    rem

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    tegi

    c gr

    owth

    loca

    tions

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    ther

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    ural

    , Mal

    don

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    tral a

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    outh

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    ural

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    th40

    %

    Mal

    don

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    th a

    nd R

    ural

    Sou

    th E

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    al S

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    t Low

    er25

    %

    44

    EB040b

  • 01/09/20

    13 12

    Mod

    elle

    d S

    ites

    45

    Table 9.6  M

    odelled Site develop

    men

    t assum

    ptions

    Site

    Uni

    tsA

    rea

    Uni

    ts/

    net h

    aAv

    erag

    e U

    nit

    Tota

    l G

    IAD

    ensi

    ty

    Gro

    ss

    haN

    et H

    am

    2m

    2 /ha

    1La

    rger

    Vill

    age

    Alth

    orne

    401.

    431.

    1435

    .09

    78.8

    03,

    152

    2,76

    52

    Larg

    er V

    illag

    eB

    radw

    ell o

    n S

    ea20

    0.70

    0.56

    35.7

    179

    .80

    1,59

    62,

    850

    3La

    rger

    Vill

    age

    Sou

    thm

    inst

    er35

    917

    .05

    10.2

    335

    .09

    81.9

    429

    ,417

    2,87

    64

    Larg

    er V

    illag

    eM

    ayla

    nd16

    57.

    664.

    6035

    .87

    86.5

    414

    ,279

    3,10

    45

    Larg

    er V

    illag

    eTo

    llesb

    ury

    823.

    902.

    3435

    .04

    82.5

    26,

    767

    2,89

    26

    Larg

    er V

    illag

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    ickh

    am B

    isho

    ps13

    0.38

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    34.2

    195

    .69

    1,24

    43,

    274

    7U

    rban

    Infil

    lM

    aldo

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    1,49

    22,

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    rban

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    lM

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    0.05

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    .00

    146

    2,92

    09

    Larg

    er V

    illag

    eN

    orth

    Fab

    ridge

    105

    4.25

    3.00

    35.0

    083

    .96

    8,81

    62,

    939

    10To

    wn

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    eB

    urnh

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    n C

    rouc

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    399

    .00

    594

    3,30

    011

    Sm

    alle

    r Vill

    age

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    leig

    h20

    0.70

    0.56

    35.7

    179

    .80

    1,59

    62,

    850

    12S

    mal

    ler V

    illag

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    0.10

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    30.0

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    013

    Sm

    alle

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    age

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    510.

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    .00

    82.1

    21,

    396

    2,79

    214

    Sm

    alle

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    84.9

    51,

    869

    3,01

    5

    Stra

    tegi

    c O

    ptio

    ns

    46

    Table 9.2  Strategic Site

     develop

    men

    t assum

    ptions

    Num

    ber

    Site

    Units

    Gross  A

    rea

    Net Area

    Density

    Average 

    Unit Size

    Density

    haha

    Uni

    ts/h

    am

    2m

    2m

    2/ha

    1N

    orth

    Hey

    brid

    ge M

    PH

    eybr

    idge

    900

    74.0

    044

    .40

    20.2

    786

    .28

    77,6

    501,

    749

    2H

    1 B

    S1

    BS

    2 H

    4 H

    eybr

    idge

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    brid

    ge70

    011

    0.00

    66.0

    010

    .61

    85.7

    059

    ,990

    909

    3S

    outh

    Mal

    don

    MP

    Mal

    don

    1250

    110.

    0066

    .00

    18.9

    484

    .75

    105,

    940

    1,60

    54

    M2

    Wes

    t Mal

    don

    Mal

    don

    700

    47.0

    028

    .00

    25.0

    085

    .70

    59,9

    902,

    143

    5B

    urnh

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    043

    .00

    15.0

    030

    .00

    86.0

    438

    ,716

    2,58

    16

    B1

    B2

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    Bur

    nham

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    nham

    700

    39.0

    025

    .80

    27.1

    385

    .70

    59,9

    902,

    325

    7F3

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    brid

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    700

    47.0

    023

    .40

    29.9

    185

    .70

    59,9

    902,

    564

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    n70

    051

    .00

    30.6

    022

    .88

    85.7

    059

    ,990

    1,96

    09

    Sou

    thm

    inst

    erS

    outh

    min

    ster

    700

    47.0

    028

    .00

    25.0

    085

    .70

    59,9

    902,

    143

    Sta

    ndar

    d Vi

    abili

    ty T

    est

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    alue

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    fees

    + fi

    nanc

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    arge

    s)=

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    VALU

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    esid

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    / R

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  • 01/09/20

    13 13

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    bilit

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    uld

    be b

    road

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    pres

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    tive

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    g us

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    hav

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    atio

    ns (l

    ife c

    hang

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    land

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    e fo

    rwar

    d?

    Viab

    ility

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    t•

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    wnf

    ield

    and

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    an s

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    stin

    g U

    se V

    alue

    plu

    s 20

    %

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    and

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    alE

    xist

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    00,0

    00 p

    er h

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    t rel

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    p.

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    ergi

    ng R

    esul

    ts

    51

    •Ve

    ry D

    raft

    –pr

    e-co

    nsul

    tatio

    n

    52

    Table 10

    .1  M

    odelled Sites R

    esidua

    l Value

    s –Ba

    se App

    raisals

    Area

    Uni

    tsR

    esid

    ual

    Val

    ueG

    ross

    ha

    Net

    ha

    Gro

    ss h

    aN

    et h

    site

    Site

    1La

    rger

    Vill

    age

    Alth

    orne

    Bro

    wn

    Res

    /Nur

    sery

    1.43

    1.14

    4043

    9,70

    155

    1,55

    462

    8,77

    2S

    ite 2

    Larg

    er V

    illag

    eB

    radw

    ell o

    n S

    eaG

    reen

    Pad

    dock

    0.7

    0.56

    2043

    9,56

    254

    9,45

    230

    7,69

    3S

    ite 3

    Larg

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    outh

    min

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    Gre

    enA

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    17.0

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    .23

    359

    310,

    109

    516,

    848

    5,28

    7,35

    0S

    ite 4

    Larg

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    ndG

    reen

    Pad

    dock

    7.66

    4.6

    165

    324,

    489

    540,

    345

    2,48

    5,58

    5S

    ite 5

    Larg

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    92.

    3482

    293,

    901

    489,

    836

    1,14

    6,21

    6S

    ite 6

    Larg

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    Pad

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    0.38

    0.38

    131,

    336,

    567

    1,33

    6,56

    750

    7,89

    6S

    ite 7

    Urb

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    fill

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    0.05

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    207,

    291,

    812

    729,

    181

    364,

    591

    Site

    8U

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    Infil

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    46,5

    7146

    ,571

    2,32

    9S

    ite 9

    Larg

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    orth

    Fab

    ridge

    Gre

    enA

    gric

    ultu

    ral

    4.25

    310

    548

    0,49

    368

    0,69

    92,

    042,

    097

    Site

    10

    Tow

    n E

    dge

    Bur

    nham

    on

    Cro

    uch

    Gre

    enP

    addo

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    180.

    186

    1,07

    0,31

    21,

    070,

    312

    192,

    656

    Site

    11

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    alle

    r Vill

    age

    Pur

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    reen

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    dock

    0.7

    0.56

    2092

    6,15

    21,

    157,

    690

    648,

    307

    Site

    12

    Sm

    alle

    r Vill

    age

    Littl

    e To

    tham

    Gre

    enP

    addo

    ck0.

    10.

    13

    -298

    ,075

    -298

    ,075

    -29,

    807

    Site

    13

    Sm

    alle

    r Vill

    age

    Woo

    dham

    Wal

    ter

    Gre

    enP

    addo

    ck0.

    510.

    517

    1,00

    6,24

    91,

    026,

    373

    513,

    187

    Site

    14

    Sm

    alle

    r Vill

    age

    Woo

    dham

    Mor

    timer

    Gre

    enP

    addo

    ck0.

    780.

    6222

    984,

    707

    1,23

    8,82

    576

    8,07

    2S

    ite 1

    5S

    ite 1

    6

    EB040b

  • 01/09/20

    13 14

    53

    Table 10

    .2  Strategic Site

    s Residua

    l Value

    s –Ba

    se App

    raisals

    Area

    Uni

    tsR

    esid

    ual

    Val

    ue

    Gro

    ss h

    aN

    et h

    aG

    ross

    ha

    Net

    ha

    £ si

    te

    Site

    1N

    orth

    Hey

    brid

    ge M

    PH

    eybr

    idge

    Gre

    en

    Agr

    icul

    tura

    l74

    44.4

    900

    79,4

    0013

    2,33

    45,

    875,

    630

    Site

    2H

    1 B

    S1

    BS

    2 H

    4 H

    eybr

    idge

    Hey

    brid

    geG

    reen

    Agr

    icul

    tura

    l11

    066

    700

    47,5

    4179

    ,234

    5,22

    9,47

    6

    Site

    3S

    outh

    Mal

    don

    MP

    Mal

    don

    Gre

    enA

    gric

    ultu

    ral

    110

    6612

    5091

    ,143

    151,

    906

    10,0

    25,7

    83

    Site

    4M

    2 W

    est M

    aldo

    nM

    aldo

    nG

    reen

    Agr

    icul

    tura

    l47

    2870

    011

    9,66

    820

    0,87

    15,

    624,

    382

    Site

    5B

    urnh

    am o

    n C

    Bur

    nham

    on

    Cro

    uch

    Gre

    enA

    gric

    ultu

    ral

    4315

    450

    79,7

    2922

    8,55

    73,

    428,

    349

    Site

    6B

    1 B

    2 B

    4 B

    urnh

    amB

    urnh

    amG

    reen

    Agr

    icul

    tura

    l39

    25.8

    700

    124,

    287

    187,

    875

    4,84

    7,17

    4

    Site

    7F3

    F4

    Fam

    brid

    geFa

    mbr

    idge

    Gre

    enA

    gric

    ultu

    ral

    4723

    .470

    074

    ,150

    148,

    934

    3,48

    5,04

    4

    Site

    8La

    tchi

    ngdo

    nLa

    tchi

    ngdo

    nG

    reen

    Agr

    icul

    tura

    l51

    30.6

    700

    60,0

    3610

    0,06

    13,

    061,

    859

    Site

    9S

    outh

    min

    ster

    Sou

    thm

    inst

    erG

    reen

    Agr

    icul

    tura

    l47

    2870

    017

    7,95

    029

    8,70

    18,

    363,

    630

    54

    Table 10

    .3  Base Ap

    praisals.  Re

    sidu

    al Value

     compa

    red to Viability Th

    reshold

    Alte

    rnat

    ive

    Use

    Va

    lue

    Viab

    ility

    Thre

    shol

    dR

    esid

    ual V

    alue

    £/ha

    £/ha

    £/ha

    Site

    1La

    rger

    Villa

    geA

    lthor

    ne62

    5,00

    075

    0,00

    043

    9,70

    1S

    ite 2

    Larg

    er V

    illage

    Bra

    dwel

    l on

    Sea

    50,0

    0036

    0,00

    043

    9,56

    2S

    ite 3

    Larg

    er V

    illage

    Sou

    thm

    inst

    er25

    ,000

    330,

    000

    310,

    109

    Site

    4La

    rger

    Villa

    geM

    ayla

    nd50

    ,000

    360,

    000

    324,

    489

    Site

    5La

    rger

    Villa

    geTo

    llesb

    ury

    50,0

    0036

    0,00

    029

    3,90

    1S

    ite 6

    Larg

    er V

    illage

    Wic

    kham

    Bis

    hops

    50,0

    0036

    0,00

    01,

    336,

    567

    Site

    7U

    rban

    Infil

    lM

    aldo

    n62

    5,00

    075

    0,00

    07,

    291,

    812

    Site

    8U

    rban

    Infil

    lM

    aldo

    n1,

    000,

    000

    1,20

    0,00

    046

    ,571

    Site

    9La

    rger

    Villa

    geN

    orth

    Fab

    ridge

    25,0

    0033

    0,00

    048

    0,49

    3S

    ite 1

    0To

    wn

    Edg

    eB

    urnh

    am o

    n C

    rouc

    h50

    ,000

    360,

    000

    1,07

    0,31

    2S

    ite 1

    1S

    mal

    ler V

    illage

    Pur

    leig

    h50

    ,000

    360,

    000

    926,

    152

    Site

    12

    Sm

    alle

    r Villa

    geLi

    ttle

    Toth

    am50

    ,000

    360,

    000

    -298

    ,075

    Site

    13

    Sm

    alle

    r Villa

    geW

    oodh

    am W

    alte

    r50

    ,000

    360,

    000

    1,00

    6,24

    9S

    ite 1

    4S

    mal

    ler V

    illage

    Woo

    dham

    Mor

    timer

    50,0

    0036

    0,00

    098

    4,70

    7S

    ite 1

    5S

    ite 1

    6

    55

    Table 10

    .4  Base Ap

    praisals.  Re

    sidu

    al Value

     compa

    red to Viability Th

    reshold

    Alte

    rnat

    ive

    Use

    Val

    ueVi

    abilit

    y Th

    resh

    old

    Res

    idua

    l Va

    lue

    £/ha

    £/ha

    £/ha

    Site

    1N

    orth

    Hey

    brid

    ge M

    PH

    eybr

    idge

    25,0

    0033

    0,00

    079

    ,400

    Site

    2H

    1 B

    S1

    BS

    2 H

    4 H

    eybr

    idge

    Hey

    brid

    ge25

    ,000

    330,

    000

    47,5

    41

    Site

    3S

    outh

    Mal

    don

    MP

    Mal

    don

    25,0

    0033

    0,00

    091

    ,143

    Site

    4M

    2 W

    est M

    aldo

    nM

    aldo

    n25

    ,000

    330,

    000

    119,

    668

    Site

    5B

    urnh

    am o

    n C

    Bur

    nham

    on

    Cro

    uch

    25,0

    0033

    0,00

    079

    ,729

    Site

    6B

    1 B

    2 B

    4 B

    urnh

    amB

    urnh

    am25

    ,000

    330,

    000

    124,

    287

    Site

    7F3

    F4

    Fam

    brid

    geFa

    mbr

    idge

    25,0

    0033

    0,00

    074

    ,150

    Site

    8La

    tchi

    ngdo

    nLa

    tchi

    ngdo

    n25

    ,000

    330,

    000

    60,0

    36

    Site

    9S

    outh

    min

    ster

    Sou

    thm

    inst

    er25

    ,000

    330,

    000

    177,

    950

    56

    Table 10

    .5  M

    odelled Sites –

    Full Po

    licy Re

    quire

    men

    t other th

    an Affo

    rdab

    le Hou

    sing.  Re

    sidu

    al Value

     com

    pared to 

    Viab

    ility Thresho

    ld Alte

    rnat

    ive

    Use

    Va

    lue

    Viab

    ility

    Thre

    shol

    dR

    esid

    ual V

    alue

    £/ha

    £/ha

    £/ha

    Site

    1La

    rger

    Villa

    geA

    lthor

    ne62

    5,00

    075

    0,00

    074

    2,39

    4S

    ite 2

    Larg

    er V

    illage

    Bra

    dwel

    l on

    Sea

    50,0

    0036

    0,00

    075

    6,91

    2S

    ite 3

    Larg

    er V

    illage

    Sou

    thm

    inst

    er25

    ,000

    330,

    000

    534,

    892

    Site

    4La

    rger

    Villa

    geM

    ayla

    nd50

    ,000

    360,

    000

    750,

    263

    Site

    5La

    rger