Nottingham

Amount sought
3 affordable homes
Amount AchiEved
£10,000 commuted sum
Indicative saving
£130,000

S106 Management acted for the applicant in this case through viability reporting and negotiations.

 

The scheme comprised a commercial building being redeveloped as a 15-flat built to rent (BTR) scheme.

 

S106M provided a detailed viability report to support the application which was reviewed by the council’s consultant.

 

The key points contested by the council’s consultant were build cost methodology, profit margin and the commercial valuation of the existing building.

 

We discussed these inputs at length, providing extensive precedent and market evidence to support the assumptions made.

 

Following this a compromise outcome was agreed of a £10,000 cash in lieu contribution.

Contact us today to discuss your s106 affordable housing viability needs.

More case studies:

Amount sought
14 affordable dwellings
Amount AchiEved
£84,039 commuted sum in lieu of affordable housing
Indicative saving
c.£600,000
Amount sought
6 affordable dwellings
Amount AchiEved
Zero contribution
Indicative saving
£300,000

Central Bedfordshire

Read case study
Amount sought
30 affordable houses
Amount AchiEved
10 affordable houses
Indicative saving
c.£1.5 million

East Devon

Read case study
Amount sought
30 affordable houses (70% affordable rent, 30% shared ownership)
Amount AchiEved
22 affordable houses (50% affordable rent, 50% shared ownership)
Indicative saving
c.£1m +
Amount sought
n/a
Amount AchiEved
Success
Indicative saving
n/a
Amount sought
4 affordable houses
Amount AchiEved
No contribution
Indicative saving
£500,000

Elmbridge

Read case study
Amount sought
£111,000
Amount AchiEved
No contribution
Indicative saving
£111,000

Teignbridge

Read case study
Amount sought
n/a
Amount AchiEved
Success
Indicative saving
n/a
Amount sought
£90,000 CIL
Amount AchiEved
£0 CIL
Indicative saving
£90,000
Amount sought
n/a
Amount AchiEved
Success
Indicative saving
n/a

Birmingham

Read case study
Amount sought
8 affordable houses + £200,000 s106 contributions
Amount AchiEved
£100,000
Indicative saving
c.£800,000
Amount sought
5 affordable houses
Amount AchiEved
£40,000 commuted sum
Indicative saving
c.£200,000
Amount sought
9 affordable homes + £25,000 commuted sum
Amount AchiEved
No contribution
Indicative saving
c.£1 million +
Amount sought
£350,000 commuted sum
Amount AchiEved
£50,000 commuted sum
Indicative saving
£300,000

North East Lincolnshire

Read case study
Amount sought
17 affordable dwellings onsite
Amount AchiEved
No contribution
Indicative saving
c.£1 million
Amount sought
3.5 units (3 units on site + financial contribution)
Amount AchiEved
No contribution
Indicative saving
c. £300,000

Wandsworth

Read case study
Amount sought
8 Units onsite (£1 million)
Amount AchiEved
2 Units onsite (commuted to £100,000 cash in lieu)
Indicative saving
£900,000
Amount sought
1 unit and £81,000 cash in lieu
Amount AchiEved
No contribution
Indicative saving
£150,000
Amount sought
7 units onsite affordable
Amount AchiEved
£100,000 cash in lieu, deferred
Indicative saving
£500,000

High Section 106 costs are avoidable

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01392 840002
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