This course covers both commercial and mixed-use property developments. It advances from initial 'back of an envelope' calculations to sophisticated cash flow and viability studies with sensitivity analysis, taking full account of current market conditions. It includes an interactive workshop session for which participants are advised to bring a calculator.

Course Content

  • Residual valuations and development appraisal
  • Appraisal methodology
  • Cash flow techniques
  • Measures of profitability - profit erosion calculations
  • Ground rent and premium derivation
  • Refinement - sensitivity and marginal viability analysis
  • Timing, phasing and interim receipts - including grants and other sources of non commercial funding
  • Useful computer software and the creative use of spreadsheets
  • Avoiding negligence - making the right notes and assumptions

The day will be of great benefit to developers, project managers, lenders, advisers, agents, consultants, lawyers, landowners and public sector bodies concerned with or contemplating the development of land or buildings.

Learning Objectives

By the end of the course you will be able to:

  • Understand the difference between appraisals and residual valuations
  • Appreciate the importance of undertaking sensitivity analysis
  • Be competent enough to understand the various measures of profitability and viability
  • Be aware that small changes to certain inputs can make a large difference to the outputs
  • Have guidance on how to interpret development appraisals and viability studies
  • Use tips to assist you in creating your own appraisal from first principles

A Future Property Professional's Insight

After taking part in our 'Future Property Leadership Programme', we asked Hollie Coles, Property Finance Associate at Kalms Property Finance, to give us her insights into the day and what she learned.

Read her blog here.

What others say

Good content. Simon Wainwright has a wealth of knowledge to make this an interesting and easy to understand course.

Relationship Manager
Bank Leumi Plc

Always good when the presenter gives practical, experienced-based insights to support the content.

Financial Director

A useful, solid introduction to development appraisals both in theory and practice. I would recommend this course.

Graduate Surveyor
Vail Williams LLP