02.12.2012 Views

The value of housing design and layout

The value of housing design and layout

The value of housing design and layout

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

therefore vary greatly from scheme to scheme. <strong>The</strong>ir inclusion in cost measurement<br />

would not therefore facilitate a like-for-like comparison to be made between<br />

schemes. <strong>The</strong> residual sum measured in this research is intended to represent both<br />

the commercial <strong>value</strong> to the developer <strong>of</strong> the site <strong>and</strong> also some <strong>of</strong> the social <strong>value</strong><br />

since, without it, the developer could not afford to provide any loss-making social<br />

amenity buildings.<br />

It must be noted here that, given the way the development market works, some <strong>of</strong><br />

the residual <strong>value</strong> measured in this report would be shared with the l<strong>and</strong>owner.<br />

Exactly how much depends not only on what proportion <strong>of</strong> the residual sum is used<br />

to provide social <strong>housing</strong> <strong>and</strong> other section 106 buildings <strong>and</strong> works, what is<br />

needed in the form <strong>of</strong> central company overheads, but also on the developer’s<br />

negotiating position. This will be determined by factors such as the degree <strong>of</strong><br />

competition for the site from other developers <strong>and</strong> the form <strong>of</strong> contract that the<br />

developer enters into with the l<strong>and</strong>owner. No attempt was made to assess how<br />

much <strong>of</strong> the residual would end up in the pockets <strong>of</strong> the l<strong>and</strong>owner rather than the<br />

developer.<br />

<strong>The</strong> methodology was <strong>design</strong>ed to compare each site on a like-for-like basis so all<br />

valuations were made at a single point in time (March 2002) <strong>and</strong> as if all units were<br />

being sold on the same (exemplar) site in each location. <strong>The</strong> measurement <strong>of</strong> l<strong>and</strong><br />

area was also st<strong>and</strong>ardised.<br />

A simple, step-by-step guide to the methodology used is contained in Appendix 4.<br />

Further details <strong>of</strong> this methodology are given below.<br />

3.2 Selection <strong>of</strong> case studies<br />

METHODOLOGY<br />

This research used case studies <strong>of</strong> real development schemes wherever possible to avoid<br />

being unduly theoretical. <strong>The</strong> case studies in this research were selected on the basis that<br />

they represented a range <strong>of</strong> <strong>design</strong> <strong>and</strong> <strong>layout</strong> principles. Four different locations were<br />

selected, all <strong>of</strong> which contained examples <strong>of</strong> schemes that followed the urban <strong>design</strong><br />

principles in PPG3 or innovative <strong>housing</strong> developments.<br />

Although initially a variety <strong>of</strong> locations across the country was identified for study, it was<br />

decided that it would be difficult to identify any differences in <strong>value</strong> that were due to<br />

regional externalities <strong>and</strong> regional market differences rather than the issue <strong>of</strong> <strong>design</strong>. It<br />

was therefore decided that all locations should be in the South-East to eliminate any<br />

differences attributable to variations in regional house markets <strong>and</strong> regional economic<br />

considerations.<br />

<strong>The</strong> sites selected were all on the edge <strong>of</strong> towns or district centres <strong>and</strong> all the sites were<br />

suburban in nature. <strong>The</strong>y were Surbiton in outer south-west London, Bishop’s Stortford in<br />

East Hertfordshire, Chelmsford in Essex <strong>and</strong> Aylesbury in Buckinghamshire.<br />

All <strong>of</strong> the development schemes selected were examples <strong>of</strong> mainstream, mass house<br />

building <strong>of</strong> a good build st<strong>and</strong>ard. In each location, two schemes with different types <strong>of</strong><br />

<strong>design</strong> <strong>and</strong> <strong>layout</strong> were selected. One was selected on the basis that it was largely<br />

PPG3-compliant <strong>and</strong> an example <strong>of</strong> good <strong>design</strong> practice. (Subsequently, on careful<br />

T H E V A L U E O F H O U S I N G D E S I G N A N D L A Y O U T<br />

27

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!