Development Feasibility & Analysis
Our licensed valuers and property valuation consultants often assist clients with development feasibility analysis to determine what a potential purchaser could afford to pay for a site that has development potential. The property valuers feasibility analysis can also determine is a project is economically viable. The valuers analyse and interpret the market sales evidence, review other consultants town planning and engineering cost advice and prepare a Hypothetical analysis or Discounted Cash Flow approach to value. This method of analysis, along with the comparable sales method, provides owners or potential purchasers with an accurate, independent, unbiased opinion and a dual approach to the market value of a particular property.
There are many factors that can influence the market value of a property including the zoning and development potential. The Hypothetical Development method provide a check method of valuation analysis to the comparable sales approach and can determine if one site is worth more than a sale down the road, particularly if the analysed property has greater development potential.