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Development appraisal

Because of the unique way we work, with all technical services employed in-house, we act fast. This means we can assess your proposed project site and deliver a full feasibility study within 5 days. As a result, you can act fast on development decisions, secure finance and get on site within 12 weeks. Planning included. This is unheard of with the traditional approach which can often result in lengthy delays, missed opportunities and additional cost.

Our QS team share extensive industry experience and operate according to a system based on value engineering. As a result of our PD expertise we ensure that, when we deliver our feasibility report, it is based on a realistic delivery that we know we can fulfill.

Our block plans, construction time-scales, environmental reports and associated costs will build a true picture of what the complete design and build entails, enabling informed decision-making. We will appraise each building in detail to ensure key features are cost engineered and ensure that all documentation provided is accurate and realistic.

As a result we ensure that we maximise GDV, minimise cost and optimise profit.

If you have a project in mind, why not use our Project Calculator as a first instance evaluation tool.

As a client of headoffice3, I have always found them to be extremely competent, skilled and helpful. They carry out everything in‑house from the initial sketched ideas to the final construction and handover, on time and within budget. A fantastic team of professionals.

David Aspland
Illuminating Investments

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© 2017 Head Office Interiors t/a headoffice3, registered office Cartelli House, 3 Hawthorn Park, Leeds, LS14 1PQ

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  • Project Details

  • Disclaimer - This calculator tool is intended to provide an initial estimate regarding the feasibility of your project. It does not serve as an accurate quote for the completion of your project. Calculations are based on formulas we employ which are unique to the headoffice3 approach to residential projects. By using this calculator, you agree to abide by our Terms of Use.

    For a comprehensive development appraisal speak to our team today who can provide a feasibility study within 7 days.

  • Site Details

  • Sq m - The Gross internal floor area (GIFA) measured for the whole building including communal spaces
  • Sq ft - The Gross internal floor area (GIFA) measured for the whole building including communal spaces
  • No. of units - The number of apartments that are going to be created
  • Cost of project - The total cost of the project including all professional fees such as design and planning - Speak to a HO3 Consultant to advise on this
  • Cost of project psf - The total cost of the project divided by the square foot (GIFA)
  • Cost of purchase of building - The total cost of the bulding including stamp duty and any overages
  • Cost of purchase psf - The total cost of the building including stamp duty and any overages, divided by the square foot (GIFA)
  • Cost of building plus project - The total cost of the building plus the total cost of the project
  • S106/CIL - The total cost of any unilateral agreements or levies
  • Finance - The total cost of financing the project, including borrowing fees, interest, set up fees and bank monitoring charges. Assumes 7% if left blank
  • Legal - purchase fees - The legals fees for the purchase of the building, including all due dilligence. Assumes £10,000 if left blank
  • Legal - selling fees - The legals fees for the conveyancing of the finished apartments. Assumes £500 per unit if left blank
  • Development Outcome

  • Other costs - Any other project costs incurred, such as your time or buyers agents fees
  • Total cost - The total cost of all the above costs, building purchase, project cost, professional fees, levies, legal charges, finance costs etc...
  • Total cost per unit - The total cost divided by the number of units
  • GDV per unit - low - The expected minimum selling price for a finished unit or gross development value (GDV) per apartment
  • GDV per unit - high - The expected maximum selling price for a finished unit or gross development value (GDV) per apartment
  • Sales price - low - The total gross development value of the whole development - minimum
  • Sales price - high - The total gross development value of the whole development - maximum
  • Ground rent p.a. per unit - Proposed annual ground rent from the apartments. Assumes £250 per annum if left blank
  • Freehold value - The value expected from the sale of the freehold
  • GDV psf low - The minimum gross development value per square foot
  • GDV psf high - The maximum gross development value per square foot
  • Profit low - The minimum final profit from the sale of all apartments
  • Profit high - The maximum final profit from the sale of all apartments
  • GP low - The minimum gross profit from the whole project
  • GP high - The maximum gross profit from the whole project