Three Rivers

Amount sought
£686,250
Amount AchiEved
£261,250
Indicative saving
c.£425,000

The proposal was for the demolition of the existing property and the erection of 2 x detached units in its place. In total, the development would provide 549m2 of residential accommodation.

Policy CP4 of the Three Rivers Core Strategy sought an off-site commuted payment of £686,250 for the development. For a small development of two units, this was particularly difficult to try and provide.

The viability statement concluded that this development was not able to support an affordable housing payment and still be viable. Therefore, the only contribution sought was £261,250 based on the commuted sum calculation for habitable floor-space - this is something that was required due to the development being situated in the 'Highest Value Three Rivers' market area.

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Cotswold Barns

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Amount sought
Amount AchiEved
Indicative saving

Wokingham 2

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Amount sought
£1.06million
Amount AchiEved
£100,000 + Review Mechanism
Indicative saving
£960,000

Torridge 2

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Amount sought
£2.1m in S106 Contributions and 60 On-site Affordable Units.
Amount AchiEved
c.£1.2m in S106 Contributions and zero affordable housing units.
Indicative saving
c.£10million.
High Section 106 costs are avoidable

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