Land Club targets specific areas that have been identified for potential growth in value. These locations may be shortlisted for various reasons that can include:
- proximity to major infrastructure projects;
- areas identified by local authorities for regeneration and;
- areas where local councils cannot meet Government targets in terms of required housing supply and are consequently under pressure to release sites for housing.
By utilising Affinity’s extensive network of introducers and strategic partners we are able to specify our investment criteria to our partners and subsequently source a target site.
Site Analysis & Acquisition
Sites are filtered through a rigorous assessment of all planning policy considerations, the planning history of the site and surrounding area to create a shortlist of those with the best development potential. This research can uncover past planning permissions and refusals, along with any onerous planning obligations which could impact the viability of a scheme.
Land Club, together with our advisers undertake comparable valuations of recent sales transactions to assess the likely value of a proposed development. It is necessary to look at market conditions and the costs of employing specialist consultants, as some planning applications need to be accompanied by detailed assessments with regard to issues such as contaminated land, heritage, trees, archaeology and ecology.
Affinity have in-house models which have been designed and tested to remove possible complications and, by forecasting returns, model out best and worst case scenarios.
Once a site is acquired and within our remit, a dedicated team of internal and external experts will be assembled to compile a detailed business plan, budget and planning timeline. Once the methodology is established, the assembled team works as one to deliver the objective.
Once we obtain planning permission for the site, the land will then be sold to developers or built out by a delivery partner; which may or may not be associated with the Affinity Group.