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 £1 million to £66 million.
Development Location: Ashford, Kent
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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
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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: QSetc
Architects: ON Architects
Development Location: Surbiton, South West London
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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
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Project Date
Aug 2024
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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: QSetc
Architects: ON Architects
Development Location: Hazlemere, Buckinghamshire
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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
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Project Date
Jun 2024
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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: QSetc
Architects: DHA Architects
Development Location: Billericay, Essex
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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).