Development Appraisal
Full development appraisal from GDV through to profit, with sensitivity headroom.
Introduction
Who this is for: Developers and lenders appraising a scheme where the land price is already known.
Why it matters: Where Residual Land Value solves for what you can pay, this solves for what you make at a price already agreed. It is the appraisal a lender will run against your figures.
Typical scenario: A developer has agreed £850,000 for a site and needs to prove 20% profit on cost to a lender.
- Omitting the sales period, during which finance continues to accrue.
- Understating contingency on refurbishment or listed buildings.
- Assuming all units sell at once rather than over a sales programme.
Inputs
Value
units
Land & Build
Other Costs
months
months
Analysis
A 14-unit scheme with GDV of £4,130,000 against total costs of £3,964,831 produces £165,169 profit — 4.2% on cost, 4.0% on GDV. Units would need to average £283,202 to break even.
This analysis provides context, not financial advice. Consult a qualified adviser before making investment decisions.
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Sensitivity
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Export
Live Results
Profit
£165,169
Profit on Cost
4.17%
Profit on GDV
4.00%
GDV
£4,130,000