CP0250: Site Planning and Development Valuation

School Cardiff School of Geography and Planning
Department Code GEOPL
Module Code CP0250
External Subject Code 100197
Number of Credits 20
Level L5
Language of Delivery English
Module Leader DR Patricia Lopes Simoes Aelbrecht
Semester Autumn Semester
Academic Year 2016/7

Outline Description of Module

This is a project based course. This will involve the application of planning and design principles to the development of a mixed-use design scheme for a large site. Through this, students will learn about urban design, site planning issues and how planners deal with the design of development in their work. They will also get an insight into the design process and learn basic graphic, design and presentations skills in order to produce their final design scheme.

 

Students will then be taught the principles of valuation in order to judge the commercial viability of development schemes, and in order to understand the relationship between the form a development takes and its value to consumers and developers. Students will have to complete two forms of valuation, and learn the value of the different approaches.

On completion of the module a student should be able to

  • demonstrate an awareness of urban design, site planning and residential layout principles

  • undertake a site analysis and learn how to judge the issues relevant to site development

  • select and apply various design layout principles to a design task

  • use basic graphic skills required for formulating and presenting an appropriate development concept and scheme

  • use basic concepts in property development and development appraisal

  • undertake a residual valuation and discounted cash flow assessment for a scheme

  • write a report

How the module will be delivered

The module is delivered in two inter related parts.

Part one involves completing a planning appraisal of a site and formulating a design scheme. A series of lectures will provide the basic ideas and advice about how to do this. Design tutorials will offer the necessary design guidance during the development of their design scheme.

In part two, a series of lectures will introduce development valuation techniques and then a series of workshops will explore how you can complete a valuation of the final design scheme.

Skills that will be practised and developed

  • Economic appraisal and an awareness of economic issues as they effect planning related endeavours.
  • Site appraisal skills from a commercial and planning perspective.
  • Graphic skills.
  • Design awareness and formative design skills.
  • Report writing.

How the module will be assessed

There will be three items of coursework: (1) a group presentation of the site analysis, design vision and principles (mandatory but not assessed), (2) an individual final design scheme and a short design statement describing the design process from site analysis, to design vision, principles, initial sketch ideas and final proposal worth 50%, and (3) a complete financial valuation of the scheme worth 50%.

 

Final Scheme

50%

2 x A3 sheets

 

Financial Valuation

50%

2000 Words

 

The design and financial evaluation parts of the module have to be passed separately.

The opportunity for reassessment in this module

 

If students fail either of the two parts they will be asked to resubmit the failed element to a pass standard.

 

Assessment Breakdown

Type % Title Duration(hrs)
Written Assessment 50 Final Design Scheme N/A
Written Assessment 50 Project - Financial Valuation N/A

Syllabus content

Design Sessions: Site appraisal from a planning and design perspective. ‘Design visions’ and guiding ‘design principles’. Design standards for designing a mixed-use scheme (retail, residential and office’s designs). The use of precedents in design. Design statements. Design tutorial sessions.

 

Financial sessions: Introduction to the valuation report. The property market; and property development as an economic activity. Participants in the development process and their motives. Developer responses to constraints on development. The stages of the development process. Introduction to valuation and appraisal: market value and development value. Basic valuation methods: comparative and investment methods. Collecting market evidence. The residual method. Criticisms of the residual valuation. Residual Valuation Workshops. The Discounted Cash Flow method. DCF valuation tutorials.

Essential Reading and Resource List

Planning and Urban Design

  • Adler, D. (1999) Metric Handbook: Planning and Design Data, 2nd Edition. Oxford: Architectural Press.

  • Commission for Architecture and the Built Environment (CABE) publications available at http://www.cabe.org.uk/.

  • DERT and CABE (2000) By Design, London: Thomas Telford

  • DOT (2007), Manual for Streets, London: Thomas Telford

  • Llewelyn Davies (no date), Urban Design Compendium, London: English Partnerships/Housing Corporation.

 

Property Development

  • Cadman, D and Topping R. (1995) Property Development. 4th Ed. London: Spon

  • Millington, A.F. (2000) Property Development. London: Estates Gazette.

  • Wilkinson, S. and Reed, R. (2008) Property Development. 5th Ed, London: Routledge

 

Background Reading and Resource List

  • Bentley, I. et al (1985), Responsive Environments: a manual for designers, Oxford: Butterworth-Heinemann .

  • Biddulph M (2007) Introduction to Residential Layout, Oxford: Architectural Press

  • Carmona, M., Heath, T., Oc, T. and Tiesdell, S. (2003) Public Places, Urban Spaces. Oxford: Architectural Press

  • Colquhoun, I. (1999), RIBA Book of 20th Century British Housing, London: Architectural Press.

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