Number of dwellings: 72

Density: 120 dwellings per hectare

Residual Land Value: £6,722,161

In order to make the development economically feasible some adjustments had to be made to the number of dwellings in order to make the Residual Land Value and density appropriate. This was accomplished by reducing the number of units by roughly half on all buildings taking the total number of units down from 191 to 72. Although an optimum density of 40 would be ideal the scope to do this on this development is limited as apartments take up a large section of the dwellings which are high density.

The ‘affordable’ prices for each building are 60% of the market price. Socially rented housing at 40% of the market price has not been included for this scenario however this would bring down the RLV if implemented to an ideal £4 million. The dwellings are split 50/50 between affordable houses  and private rented this is to meet the demand of affordable homes in Oxford.

Residential

Value: £13,728,000

Cost: £2,968,012.80

Commercial

Value: £16,530,021

Cost: 4,186,802