Carters Building Consultancy

Assess the Feasibility of Your Property Development

Feasibility brings together what a site could accommodate, what it might cost to deliver and what it could be worth. Use the indicative appraisal calculator below and the checklist of risks to investigate.

Residential development site under construction

Development Appraisal Calculator

Model GDV, cost, profit and residual land value. Figures are indicative, not a formal valuation.

Inputs

Calculations use explicit formulas. Edit any input to see results update instantly and compare scenarios.

Scheme Viability Viable
Projected Profit
£440,500
Profit on Cost
20.4%
Profit on GDV
16.94%
Residual Land Value
£420,500

Cost Breakdown

Gross Development Value£2,600,000
Land Cost£500,000
Construction Cost£1,200,000
Professional Fees£144,000
Contingency£60,000
Finance Cost£178,500
Marketing Cost£52,000
Statutory Costs£25,000
Total Development Cost£2,159,500

Site assessment and development potential

Start with what the site can realistically accommodate: its area, shape, access, topography, neighbours and planning context. Residential, commercial or mixed uses may each be possible, with different values and risks.

Costs to allow for

A credible appraisal goes beyond the build cost per square metre.

  • Construction cost assumptions and specification
  • Professional fees and surveys
  • Infrastructure and abnormal costs (e.g. ground, drainage, utilities)
  • Statutory costs such as CIL and Section 106
  • Contingency
  • Finance, programme and holding costs
  • Sales and marketing

Values, sensitivity and risk

Sales values or rental assumptions should be evidenced with comparable data. Test how profit changes if values fall or costs rise — a scheme that only works under optimistic assumptions carries significant risk.

How the calculator works

The calculator uses explicit, published formulas — not AI arithmetic. Total development cost = land + construction + fees + contingency + finance + marketing + statutory costs. Profit = GDV − total development cost. Residual land value = GDV − all costs except land − target profit. Change any input and compare scenarios.

What this is not

Outputs are indicative only. They are not a formal valuation (such as a RICS Red Book valuation), a guaranteed profit forecast or an investment recommendation.

Frequently asked questions

This page provides general, preliminary information. It is not a planning decision, formal valuation or professional appointment. Appropriate checks and current planning information may be required. Last reviewed 2026-06-01.

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