Red Book Valuation of Upper Trinity Street, Digbeth for Homes England

About

Homes England (the name adopted by the Homes and Communities Agency) awarded a contract to Knight Frank LLP for a Red Book valuation of Upper Trinity Street, Digbeth.

The scope included a draft Red Book Valuation Report with indicative security value and a completed Red Book Valuation Report for security lending purposes.

The reports provided commentary on the market value of Phases 2-5 if sold today, the market value of Phases 2-5 individually and collectively based on existing planning consent (excluding Phase 1), and market values under special assumptions: receipt of a £3.17m grant to the Borrower for abnormal costs related to Phase 1; and additional massing of 57 dwellings on Phase 2 through a s73 amendment.

Further analysis covered the market value of Phases 2-5 individually and collectively under a special assumption of a new planning consent (excluding Phase 1), receipt of the £3.17m grant, and additional massing on Phases 2-5 (+303 dwellings including change of use).

The contract value was AUD 65,400.