Reading

Amount sought
7 units onsite affordable
Amount AchiEved
£100,000 cash in lieu, deferred
Indicative saving
£500,000

A former commercial site with associated parking to rear proposed part-demolition, façade retention and replacement with residential-led mixed-use development (21 units). Reading LPA sought a contributionof 7 onsite affordable units. 

The applicant approached S106 Management to provide full viability reporting and direct negotiations with the council’s inhouse consultants.  

S106M’s viability appraisal demonstrated a significant deficit. The council challenged several assumptions, including the commercial value of the existing property and the proposed sales values of the new development, which were defended robustly. Negotiations ensued both on particular inputs to the viability appraisal, and on an outcome acceptable to the planning committee.

A creative and mutually agreeable compromise position was explored and agreed in order to facilitate a swift conclusion that respected all interests.

As a result the development was approved at committee. The originally sought 7 unit onsite provision was reduced to a £100,000 cash in lieu contribution, deferred to occupation of the 6th unit. A late review mechanism was agreed but on the basis of a fixed percentage over a threshold GDV, capped at a specific contribution less the original payment.

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 +

Nottingham

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

High Section 106 costs are avoidable

Call us today for a free consultation. Market leader in viability assessment and Section 106 negotiation.

Call us now on
01392 840002
or
Request a call