Viability Estimating Schemes
A snapshot of some of QSetc's recent viability estimating projects, including new builds and redevelopments. QSetc produce Indicative Cost Estimates either to help the client to consider the viability of a scheme, or in support of Viability Reports. The development values of the schemes range in value from £2 million to £66 million.
Development Location: Richmond, London
Development Value:
£2.78 million
The Development:
Development of the existing building into eight residential apartments situated on the first, second and third floors, plus a single-storey rear extension on top of the rear of the building, associated bicycle parking and refuse facilities.
The residential element of the development has a gross internal floor area of the scheme is 1,143m2 (12,300 sq ft), with a net internal area for the residential element of 454m2 (4,887 sq ft).
RESIDENTIAL/COMMERCIAL
NEW BUILD & REFURBISHMENT
QSetc Role
Quantity Surveyor
Project Date
Mar 2025
The provision of an Indicative Cost Estimate to ascertain the likely development cost of the scheme.
Costs provided within the Estimate are a combination of market testing and benchmark rates received on other similar projects in the South West London area.
PROJECT TEAM:
Client: Rosedale Property Holdings
Viability Consultant: James R Brown
Viability Estimator/QS: QSetc
Architect: POD Architects
Development Location: Fulham, London
Development Value:
£2 million
The Development:
A mixed use development consisting of the refurbishment of an existing office building into 7 apartments, with commercial/retail space retained on the ground floor and in the basement.
The residential element of the development has a gross internal floor area of the scheme is 927m2 (9,978 sq ft), with a net internal area for the residential element of 456m2 (4,912 sq ft).
RESIDENTIAL/COMMERCIAL
NEW BUILD & REFURBISHMENT
QSetc Role
Quantity Surveyor
Project Date
Feb 2025
The provision of an Indicative Cost Estimate to ascertain the likely development cost of the scheme.
Costs provided within the Estimate are a combination of market testing and benchmark rates received on other similar projects in the South West London area.
PROJECT TEAM:
Client: Trevellyan Developments Ltd
Viability Consultant: James R Brown
Viability Estimator/QS: QSetc
Architect: T P Bennett
Development Location: Surbiton, London
Development Value:
£13.2 million
The Development:
A mixed use development including the retention of 127 Chiltern Drive, demolition of all other buildings and erection of two buildings for flexible commercial floorspace at ground floor level, together with and 43 residential units on upper floors, with associated access, landscaping, car parking, cycle parking and refuse storage.
The gross internal floor area of the scheme is 4,436m2 (47,748 sq ft).
RESIDENTIAL/COMMERCIAL
NEW BUILD & REFURBISHMENT
QSetc Role
Quantity Surveyor
Project Date
Aug 2024
The provision of an Indicative Cost Estimate to ascertain the likely development cost of the scheme.
Costs provided within the Estimate are a combination of market testing and benchmark rates received on other similar projects in the South West London area.
PROJECT TEAM:
Client: Bugler Group Limited
Viability Consultant: James R Brown
Viability Estimator/QS: QSetc
Architect: ON Architecture
Development Location: Ashford, Kent
Development Value:
£5.16 million
The Development:
This scheme consists of the construction of 14 new houses on farm land in Ashford. The proposal is to provide a mix of two, three, 4 and 5 bedroom 'private for sale' homes.
The development has a gross internal floor area of 1,648m2 (17,738 sq ft).
RESIDENTIAL - NEW BUILD
QSetc Role
Quantity Surveyor
Project Date
Aug 2024
The provision of an Indicative Cost Estimate in support of a Viability Report.
Costs provided within the Estimate are a combination of market testing and benchmark rates received on other similar projects in the London.
PROJECT TEAM:
Client: Galliard Homes
Viability Consultant: James R Brown
Viability Estimator/QS: QSetc
Architects: ON Architects
Development Location: Surbiton, South West London
Development Value:
£13.4 million
The Development:
This scheme consists of the construction of 43 new apartments in two blocks. On the ground floor of block A there is an under croft car park, whilst on the ground floor of block B there are some commercial facilities. In addition, a small commercial facility will be refurbished as part of the scheme. The development has a gross internal floor area of 4,436m2 (47,748 sq ft) and a residential net area of 2,937m2 (31,614 sq ft).
RESIDENTIAL - NEW BUILD
QSetc Role
Quantity Surveyor
Project Date
Aug 2024
The provision of an Indicative Cost Estimate in support of a Viability Report.
Costs provided within the Estimate are a combination of market testing and benchmark rates received on other similar projects in the London.
PROJECT TEAM:
Client: Bugler Group
Viability Consultant: James R Brown
Viability Estimator/QS: QSetc
Architects: ON Architects
Development Location: Hazlemere, Buckinghamshire
Development Value:
£65.9 million
The Development:
This development scheme consists of the construction of 259 new homes, 179 being houses and the remaining 90 are apartments. Of the 179 houses, 163 will be designated as 'private for sale', 2 as 'first homes' and the remaining as 'affordable'. The 90 apartments are designated as 18 'private for sale', 18 'first homes' and 44 affordable. The development has a gross internal floor area of 24,460m2 (263,283 sq ft) and a net internal area of 23,687m2 (254,967 sq ft)
RESIDENTIAL - NEW BUILD
QSetc Role
Quantity Surveyor
Project Date
Jun 2024
The provision of an Indicative Cost Estimate to cost an amended scheme, submitted for planning, reducing the original scheme from 290 homes to 259.
The Estimate was based on standard Bellway house types together with an Architect's proposed site layout.
PROJECT TEAM:
Client: Bellway Homes (North London)
Viability Consultant: James R Brown
Viability Estimator/QS: QSetc
Architects: DHA Architects
Development Location: Billericay, Essex
Development Value:
£14.8 million
This scheme consists of the construction of 47 new homes, of which 41 are houses (with 31 designated as private and 10 as being either affordable for rent or shared ownership to purchase). The remaining 6 are affordable apartments. The units will provide a mix of 1, 2, 3 and 4-bedroom accommodation.
The development has a gross internal floor area of 4,897m2 (52,709 sq ft) and a net internal area of 4,584m2 (49,343 sq ft).
RESIDENTIAL - NEW BUILD
QSetc Role
Quantity Surveyor
Project Date
May 2024
The provision of an Indicative Cost Estimate to compare the cost of an amended scheme with the consented scheme.
The Estimate was based on standard Bellway house types together with an Architect's proposed site layout.
PROJECT TEAM:
Client: Bellway Homes (Thames Gateway)
Viability Consultant: James R Brown
Viability Estimator/QS: QSetc
Architects: LAP Architects
Development Location: London
Development Value:
£4.8 million
The Development:
The proposed development consists of the demolition of an existing petrol station and replacing it with a new build apartment block, consisting of 14 units over 6 storeys with a ground floor communal amenity space. The development has a gross internal floor area of 1,221m2 (13,137 sq ft) and a residential net internal area of 919m2 (9,892 sq ft).
RESIDENTIAL - NEW BUILD
QSetc Role
Quantity Surveyor
Project Date
May 2024
The provision of an Indicative Cost Estimate in support of a Viability Report.
Costs provided within the Estimate are a combination of market testing and benchmark rates received on other similar projects in the London.
PROJECT TEAM:
Client: Hornstar Ltd
Viability Consultant: James R Brown
Viability Estimator/QS: QSetc
Architects: TDO Architects
Development Location: Frimley, Surrey
Development Value:
£44.3 million
This development consists of the construction of 66 new houses and 104 apartments in four blocks, of which 55 houses and 55 apartments will be designated for market sale and the remaining 60 units will be designed as 'affordable', either via shared ownership or for rent.
The scheme has a gross internal floor area of 14,526m2 (156,355 sq ft) and a net internal area of 12,473m2 (137,167 sq ft).
RESIDENTIAL - NEW BUILD
QSetc Role
Quantity Surveyor
Project Date
May 2024 & Oct 2023
The provision of an Indicative Cost Estimate in support of a Viability Report.
Following a planning submission, the council provided comments on the Cost Estimate and QSetc issued a rebuttal, which provided evidence of the rates used within the Estimate based on 'live' market data.
PROJECT TEAM:
Client: Miller Homes
Viability Consultant: James R Brown
Viability Estimator/QS: QSetc
Architects: Omega Architects
Development Location: Sutton, London Borough
Development Value:
£21.8 million
The Development:
This development offers a total of 70 apartments across 12 floors, with commercial space on the ground floor and communal space on the 5th floor. The Gross Internal Floor Area of the development is 6,899m2 (74,260 sq ft), including the commercial space, and the Net Internal Area is 4,893m2 (52,671 sq ft). 15% of the apartments have been designated as ‘affordable’ (either via shared ownership or for rent).
RESIDENTIAL - NEW BUILD
QSetc Role
Quantity Surveyor
Project Date
Apr 2024 & Jul 2023
The provision of an Indicative Cost Estimate in support of a Viability Report.
Following a planning submission, the council provided comments on the Cost Estimate and QSetc issued a rebuttal, which provided evidence of the rates used within the Estimate based on 'live' market data.
PROJECT TEAM:
Client: Macar Developments
Viability Consultant: James R Brown
Viability Estimator/QS: QSetc
Architects: Wimhurst Pelleriti Architects
Development Location: Dartford, Kent
Development Value:
£27.3 million
This development offers a mix of 48 new houses and 45 apartments providing a total Gross Internal Floor Area of 8,603m (292,599 sq ft) and a Net Internal Area of 8,467m2 (91,135 sq Ft).
The scheme includes 38 private houses, 27 private apartments in a refurbished block, and 10 houses and 18 apartments in purpose-built blocks designated as 'affordable'.
RESIDENTIAL - NEW BUILD
QSetc Role
Quantity Surveyor
Project Date
Dec 2023
The provision of an Indicative Cost Estimate in support of a Viability Report with costs based on the Stage 2 RIBA Design information provided, along with Bellway's standard house types and a proposed layout for the apartment blocks.
PROJECT TEAM:
Client: Bellway Homes (Thames Gateway)
Viability Consultant: James R Brown
Viability Estimator/QS: QSetc
Architects: Gardner Stewart Architects