Welsh Viability
What is special about Welsh social housing development? On the 17th of February we delved into development viability specific to
Used by around 250 social housing providers, ProVal is the market leading Financial Viability appraisal tool.
Forecast NPV, IRR and long term cashflows and produce robust and auditible results.
Your appraisals are organised within a folder structure in the Project Tree.
Appraisals can be quickly opened in a preview mode, or edit mode. Project results are displayed in a clear summary panel which includes a number of metrics which can be tailored to your requirements.
Scheme wide defaults can be used in conjunction with tenure settings within a library of dwelling defaults. Loan rates can be set for different time periods and varied for different product types. The Long Term Cashflow extends to 100 years. Role-based security settings allow controlled access to different areas of the appraisal as required.
Different tenure types can be added to the same appraisal so there is no need to appraise them separately. There is no limit to the number of dwelling types you can add to an appraisal and no scheme is too big to be appraised in a single appraisal.
Generic dwelling types can be stored within a library containing your predefined costs and values. These can then be quickly dropped into an appraisal for fast results. All unit attributes, capital and revenue costs can be set by default.
Target Rents and Rent Caps are reported at the point of the first handover and rent defaults (eg: % of LHA, % of Market Rent, % of Target Rent) can be set based on tenure. Rents can be locked to prevent future adjustment arising from inflation updated. A postcode lookup pre-populates the Local Housing Allowance depending on dwelling type.
Default scenarios for sensitivity testing can be set up, and then applied to any appraisal. If there are units in the scheme that match the scenario’s product types then a list of inputs and outputs will appear on the left-hand side.
If there are multiple inputs or outputs in the appraisal that match the sensitivity row (unit inputs for example) then each one will be listed.
On the right-hand side, there are three columns of results. The centre column contains the appraisal data unmodified. The left column contains the result of subtracting the variation from each input. The right-hand column contains the result of adding the variation to each input. Sensitivity reports can then be generated showing the positive and negative impact of the scenarios on the scheme.
Costs can be allocated by Tenure type and then by Floor Area, Unit, Bedroom or Persons within the Capital Costs section. Separate tabs in the Total Scheme Cost page will show the overall Scheme results including a summary for each product type.
Costs, subsidy, viability outturn and residual land values are also reported for each unit to assist with mix optimisation.
ProVal is provided with pre-configured standard reporting, however, bespoke reports can be created as required. Information can be exported to other programmes such as Excel, Word and PDF.
Reports can be run on any information in the database and users can create combined/consolidated reports for different schemes to show an overall Programme view.
What is special about Welsh social housing development? On the 17th of February we delved into development viability specific to
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Our webinar yesterday centred around Jonathan discussing the current Decent Homes Standards and giving a broad glimpse on how the
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