Module title
Development Appraisal and Viability
CRN
59391
Level
5
Assessment title
Development Viability Assessment
Weighting within module
This assessment is worth 50% of the overall module mark.
Module Leader/Assessment set by
Mr Scott Haverly MRICS, RV, MCIOB, FHEA
SEE Building, University of Salford, Salford, M5 4WT
S.M.Haverly@salford.ac.uk
07967 401 484
Submission deadline date and time
The submission deadline is 1st March 2024 by no later than 16:00.

Any submission received after 16:00 (even if only by a few seconds will be considered as late).

For coursework assessments only: students with a Reasonable Adjustment Plan (RAP) or Carer Support Plan should check your plan to see if an extension to this submission date has been agreed.
How to submit

How to submit
This assignment MUST be submitted electronically through Turnitin®. By submitting the coursework on Turnitin®, you consent (insofar as your consent is needed) to the following:

a) The University will submit your assessments (including details of your name and course details) to the Turnitin® service so that your assessments can be compared with the database of works that is maintained by the Turnitin® service and that is drawn from various sources including the internet; and

b) Your assessments may be stored in that database of works indefinitely (or until the University stops using the Turnitin® service and requests their deletion) to help protect your assessments from future plagiarism. Where there is a match between content in your assessments and content in other works, then your assessments may also be copied by the University and other users of the Turnitin® service to allow closer analysis.

Further information and support for students using Turnitin® can be found here:
http://www.salford.ac.uk/library/help/blackboard-and-collaborate

As the University will mark assessments anonymously where this is possible, please use your student roll number and not your name on your submission.
Assessment task details and instructions

Task 1

Task 2

Task 3

Additional Information
You are to identify a possible development site suitable for residential development between 8 and 20 houses.

You are to assess the site for residential development, conduct the required due diligence and provide an initial residual appraisal to provide a recommended offer to the client for the site.

You are to prepare a development viability report to your client outlining the site opportunities and constraints and your recommendations as to how the site could be developed. Your report is to focus on the following key tasks:

On the basis of your investigations, and assuming delivery of a residential development, you are to consider the site density, massing and scale and comment on the following points:
Details of investigations required under due diligence to determine feasibility.
Site limitations and constraints taking account of the local environment and built environment.

In your report to the client, you must identify the key stakeholders involved and discuss their respective roles within the development process and what impact they may have on determining the success of the scheme. Within this you should discuss development funding and the funding options available to the client.

Additionally, you should provide advice within the report on an appropriate offer which should be derived from an initial residual appraisal of the proposed scheme. The calculations for the residual appraisal can be attached within an appendix.

Please support all work using appropriate references and examples.

You should also use the APA 7th Harvard Style referencing in your submission.

The coursework assessment should be presented in the form of a
professional report.

Your report should include a brief introduction and conclusion. For clarity, the wording contained in the introduction, conclusion, contents page and reference list will not be included in the word count.

Assessment Criteria

Assessment Criteria (Rubric below)
Grades are given in the following bandings:

Report (Feasibility Report)
Task 1 (ILO’s 1, 2 & 5)
30%
Investigations, development constraints and due diligence.

Task 2 (ILO’s 4 & 5)
30%
Discussion on key Stakeholders in the development process and advice on development funding options

Task 3 (ILO’s 2 & 3)
30%
Residual Appraisal

Presentation and Referencing
10%

Knowledge and Understanding

Practical, Professional or Subject Specific Skills

Assessed intended learning outcomes
On successful completion of this assessment, you will be able to:

1. Demonstrate a good knowledge of the purpose and aims of property development, in the context of the key social, economic, political, and environmental factors which could potentially impact on the value of a proposed scheme.
2. Clearly explain the main stages in the property development process and be able to undertake a site appraisal to identify opportunity and risk.
3. Be confident in undertaking site and development appraisals and the residual method of valuation.
4. Identify the aspirations of the main stakeholders and be able to demonstrate how these could be effectively managed to ensure the delivery of a viable and successful property development scheme.
5. Be able to identify various funding sources for a range of circumstances and clients.
1. You will have knowledge and understanding of the property development process and the main factors, which could have a potential impact on value.
2. You will be able to undertake development appraisals to evaluate options and assess a projects viability.
3. You will be able to identify the key stakeholders, economic and political drivers, risks, and opportunities when undertaking property
development schemes

For Apprentices Only
Knowledge, Skills and Behaviours (KSB)
This assessment prepares apprentices for the End Point Assessment by assessing progress towards the following KSBs:
Knowledge
K1 – Law – Explain the law and the role of legal advisers relating to either acquisition/disposal of property, standard forms of building contracts or other property related contracts.
K2 – Information Management – Describe the methods and techniques for providing information, data and advice to clients.
K9 – Client Relationships – Explain how to manage client/customer relationships.
Skills
S1 – Information Management – Provide data, information and advice for clients relevant to the surveying discipline.
S2 – Health and Safety – Recommend solutions to ensure safe and secure working environments.
S3 – Construction Technology – Provide advice relating to the construction technology of buildings and their materials.
S4 – Law – Negotiate and agree terms for acquisition/disposal of property, standard forms of building contracts or other property related contracts and liaise with legal advisers.
S5 – Consultancy – Manage client instructions from engagement to completion.
S13 – Land, Property and Planning Law – Negotiate solutions to issues affecting both owners and occupiers of land and real estate including at least two of management, sales, lettings, purchase and/or planning.
Behaviours
B1 – Provide a high standard of service – Always ensure your client, or others to whom you have a professional responsibility, receive the best possible advice, support or performance of the terms of engagement you have agreed to and ensure you always give attention to detail.
B2 –Act in a way that promotes trust in the surveying profession – Act in a manner, both in your professional life and private life, to promote you, your firm or the organisation you work for in a professional and positive way.

Employability Skills developed / demonstrated
Communication YES
Critical Thinking and Problem Solving YES
Data Literacy YES
Digital Literacy YES
Industry Awareness YES
Innovation and Creativity NO
Proactive Leadership NO
Reflection and Life-Long Learning NO
Self-management and Organisation YES
Team Working NO
Word count/ duration (if applicable)

Your assessment should be 2,500 words, excluding any appendices, introduction, reference list, contents page and conclusion. 10% variance on the word count is accepted but words exceeding 2,750 words will not be marked.
Feedback arrangements

You can expect to receive feedback by 15 working days of submission. Feedback will be provided via Turnitin. Appointments can be made for one-to-one feedback.

Formative feedback sessions will be provided within lecture sessions.
Academic Integrity and Referencing

Students are expected to learn and demonstrate skills associated with good academic conduct (academic integrity). Good academic conduct includes the use of clear and correct referencing of source materials. Here is a link to where you can find out more about the skills which students need:
Academic integrity & referencing
Referencing

Academic Misconduct is an action which may give you an unfair advantage in your academic work. This includes plagiarism, asking someone else to write your assessment for you or taking notes into an exam. The University takes all forms of academic misconduct seriously.
Assessment Information and Support

Support for this Assessment
You can obtain support for this assessment by contacting me initially. My contact details are S.M.Haverly@salford.ac.uk
Please make an appointment.

You can find more information about understanding your assessment brief and assessment tips for success here.

Assessment Rules and Processes
You can find information about assessment rules and processes in the Assessment Support module in Blackboard.

Develop your Academic and Digital Skills
Find resources to help you develop your skills here.

Concerns about Studies or Progress
If you have any concerns about your studies, contact your Academic Progress Review Tutor/Personal Tutor or your Student Progression Administrator (SPA).

askUS Services
The University offers a range of support services for students through askUS including Disability and Inclusion Service, Wellbeing and Counselling Services.
Personal Mitigating Circumstances (PMCs)
If personal mitigating circumstances (e.g. illness or other personal circumstances) may have affected your ability to complete this assessment, you can find more information about the Personal Mitigating Circumstances Procedure here. Independent advice is available from the Students’ Union Advice Centre about this process: https://www.salfordstudents.com/advice/centre

In Year Retrieval Scheme

Your assessment is not for in year retrieval. If you are eligible for this scheme, you will be contacted shortly after the feedback deadline.

You can find more information about this scheme in the Assessment Support module in Blackboard.
Reassessment

Grading Criteria

If you fail your assessment, and are eligible for reassessment, you will need to resubmit on or before 26th July 2024. For students with accepted personal mitigating circumstances for absence/non submission, this will be your replacement assessment attempt.

Explain what happens if a student needs to be reassessed, will the reassessment be the same, what is the submission date?
[Note for staff: the reassessment task should normally be the same as the original task unless there is a good academic reason to offer a different task]

We know that having to undergo a reassessment can be challenging however support is available. Have a look at all the sources of support outlined earlier in this brief and refer to the Personal Effectiveness resources.

Grade Descriptor
Mark
Classification
Extremely poor
0% to 9%
Fail
Very poor
10% to 19%
Poor
20% to 29%
Unsatisfactory
30% to 39%
Adequate
40% to 49%
Pass
Fair
50% to 59%
Good
60% to 69%
Merit
Very good
70% to 79%
Distinction
Excellent
80% to 89%
Outstanding
90% to 100%

See Marking Rubric in Appendix i.

Appendix i – Assessment Rubric
N.B. – This is to be used alongside the assessment criteria listed above.
Learning Outcomes

1. Demonstrate a good knowledge of the purpose and aims of property development, in the context of the key social, economic, political, and environmental factors which could potentially impact on the value of a proposed scheme.
2. Clearly explain the main stages in the property development process and be able to undertake a site appraisal to identify opportunity and risk.
3. Be confident in undertaking site and development appraisals and the residual method of valuation
4. Identify the aspirations of the main stakeholders and be able to demonstrate how these could be effectively managed to ensure the delivery of a viable and successful property development scheme.
5. Be able to identify various funding sources for a range of circumstances and clients.

Knowledge Skills and Behaviours

Knowledge
K1 – Law – Explain the law and the role of legal advisers relating to either acquisition/disposal of property, standard forms of building contracts or other property related contracts.
K2 – Information Management – Describe the methods and techniques for providing information, data and advice to clients.
K9 – Client Relationships – Explain how to manage client/customer relationships.

Skills
S1 – Information Management – Provide data, information and advice for clients relevant to the surveying discipline.
S2 – Health and Safety – Recommend solutions to ensure safe and secure working environments.
S3 – Construction Technology – Provide advice relating to the construction technology of buildings and their materials.
S4 – Law – Negotiate and agree terms for acquisition/disposal of property, standard forms of building contracts or other property related contracts and liaise with legal advisers.
S5 – Consultancy – Manage client instructions from engagement to completion.
S13 – Land, Property and Planning Law – Negotiate solutions to issues affecting both owners and occupiers of land and real estate including at least two of management, sales, lettings, purchase and/or planning.

Behaviours
B1 – Provide a high standard of service – Always ensure your client, or others to whom you have a professional responsibility, receive the best possible advice, support or performance of the terms of engagement you have agreed to and ensure you always give attention to detail.
B2 –Act in a way that promotes trust in the surveying profession – Act in a manner, both in your professional life and private life, to promote you, your firm or the organisation you work for in a professional and positive way.

Assessment Rubric
Range
Investigations, constrains and due diligence (30%)
Discussion on key Stakeholders in the development process and development funding options (30%)
Residual Appraisal (30%)
Presentation, grammar and referencing (10%)
ILO’s
LO1, LO2, LO5
LO4, LO5
LO2, LO3
LO1, LO2, LO3
KSB’s
K1, K2, K9, S1, S2, S3, S5, S13 B1, B2
K1, K2, K9, S1, S2, S4, S5, S13, B1, B2
K2, S1, S13, B1
K2, S1, B1
90-100
Outstanding understanding of the required site investigation and limitations which could impact development. Outstanding ability to understand development constraints to determine site density.
Outstanding ability to identify key stakeholders involved with the development process and their impact on development with clear understanding of the development process and a strong understanding of development funding options.
Outstanding ability to produce a residual appraisal and include the key costs involved for the proposed scheme and development process with no omissions to a professional standard
Outstandingly well written with correct spelling and grammar. An articulate and fluid writing style that offers no opportunity for confusion.
80-89
Excellent understanding of the required site investigation and limitations which could impact development. Excellent ability to understand development constraints to determine site density.
Excellent ability to identify key stakeholders involved with the development process and their impact on development with good understanding of the development process and an excellent understanding of development funding options.
Excellent ability to produce a residual appraisal and include the key costs involved for the proposed scheme and development process with no omissions to a professional standard
Excellently well written with correct spelling and grammar. An articulate and fluid writing style that offers no opportunity for confusion.
70-79
Very good understanding of the required site investigation and limitations which could impact development. Shows good ability to understand development constraints to determine site density.
Very good ability to identify key stakeholders involved with the development process and their impact on development with good understanding of the development process and a very good understanding of development funding options.
Very good ability to produce a residual appraisal and include the key costs involved for the proposed scheme and development process with minimal omissions to a very good standard
Very well written with correct spelling and grammar. An articulate and fluid writing style that offers no opportunity for confusion.
60-69
Good understanding of the required site investigation and limitations which could impact development. Shows ability to understand development constraints to determine site density.
Good ability to identify key stakeholders involved with the development process and their impact on development with fair understanding of the development process and a good understanding of development funding options.
Good ability to produce a residual appraisal and include the key costs involved for the proposed scheme and development process with limited omissions and to a good standard.
Good standard of writing with correct spelling and grammar. An articulate and fluid writing style that offers no opportunity for confusion.
50-59
Fair understanding of the required site investigation and limitations which could impact development. Shows some ability to understand development constraints to determine site density.
Shows fair ability to identify key stakeholders involved with the development process and their impact on development with fair understanding of the development process and a reasonable understanding of development funding options.
Fair ability to produce a residual appraisal and include the key costs involved for the proposed scheme and development process with some omissions and to a fair standard.
Fair standard of writing with mostly correct spelling and grammar. An articulate writing style that offers little opportunity for confusion.
40-49
Acceptable understanding of the required site investigation and limitations which could impact development. Shows adequate ability to understand development constraints to determine site density.
Shows an acceptable ability to identify key stakeholders involved with the development process and their impact on development with adequate understanding of the development process and an acceptable understanding of development funding options.
Adequate ability to produce a residual appraisal and include the key costs involved for the proposed scheme and development process with a few omissions and to an adequate standard
Adequate standard of writing with some incorrect spelling and grammar. An adequate writing style that offers some opportunity for confusion.
30-39
Inadequate in understanding the required site investigation and limitations which could impact development. Shows limited ability to understand development constraints to determine site density.
Inadequate an acceptable ability to identify key stakeholders involved with the development process and their impact on development with inadequate understanding of the development process and or an acceptable understanding of development funding options.
Inadequate in producing a residual appraisal and or missing key costs involved for the proposed scheme and development process with clear omissions to a sub-standard.
Inadequate standard of writing with incorrect spelling and grammar. An inadequate writing style which at times is confusing.
20-29
Poor understanding of the required site investigation and limitations which could impact development. Shows limited and poor ability to understand development constraints to determine site density.
Poor ability to identify key stakeholders involved with the development process and their impact on development with a limited understanding of the development process and or a poor understanding of development funding options.
Poor in producing a residual appraisal and or missing key costs involved for the proposed scheme and development process with clear omissions to a poor standard with inaccuracies.
Poor standard of writing with incorrect spelling and grammar. An inadequate writing style which at times is confusing.
10-19
Very poor understanding of the required site investigation and limitations which could impact development. Shows little ability to understand development constraints to determine site density.
Very poor ability to identify key stakeholders involved with the development process and their impact on development with limited to no understanding of the development process and or a very poor understanding of development funding options.
Very poor in producing a residual appraisal and or missing key costs involved for the proposed scheme and development process with clear omissions to a very poor standard with many inaccuracies.
Very poor standard of writing with many examples of incorrect spelling and grammar. An inadequate writing style which is confusing to the reader.
0-9
Extremely poor understanding of the required site investigation and limitations which could impact development. Shows little to no ability to understand development constraints to determine site density.
Extremely poor ability to identify key stakeholders involved with the development process and their impact on development with no understanding of the development process and or extremely poor understanding of development funding options.
Extremely poor in producing a residual appraisal and or missing key costs involved for the proposed scheme and development process with clear omissions to an extremely poor standard with many inaccuracies.
Extremely poor standard of writing with many examples of incorrect spelling and grammar. An inadequate writing style which is confusing to the reader.