Benchmark land value BLV
Benchmark land values (BLV) are generally set as a multiple of agricultural use values, which are typically in the region of £20,000 - £25,000 per hectare, and as a percentage uplift on non-agricultural brownfield use values. The government note that views of appropriate premia above existing use values vary: for agricultural land, a recent academic paper (Independent Review of Build Out - Final Report) suggested BLVs of three times existing use value; the Letwin Review of Build Out (fine-margins_viability-assessments-in-planning-and-plan-making.pdf (lichfields.uk)) suggested ten times existing use value; Lichfields found that local planning authorities set BLVs of between 10- and 40-times existing use value. These BLVs do not necessarily relate to Green Belt land, which is subject to severe restrictions on development. The UK Government is particularly interested in the impact of setting BLV at the lower end of this spectrum and has included this as part of a consultation on the changes to the NPPF Proposed reforms to the National Planning Policy Framework and other changes to the planning system.
[edit] Related articles on Designing Buildings
- Additionality.
- Baseline.
- Base year.
- Benchmarking as business tool.
- Benchmarking in the construction industry.
- Business case.
- Carbon Buzz.
- Cash flow statement.
- Compound Annual Growth Rate (CAGR).
- Consultant team.
- Contingency.
- Design review.
- Design quality.
- Development appraisal.
- Discounted cash flow.
- Drawdown.
- Earned value analysis.
- Estimate.
- Funding options.
- Funding prospectus.
- Identifying the causes of trends in construction labour productivity.
- Investment.
- Investment Property Databank (IPD).
- Key performance indicators.
- Pareto analysis.
- Overage.
- Productivity in construction: Creating a framework for the industry to thrive.
- Property valuation.
- Public sector comparator.
- Residual valuation of land.
- Residual value insurance.
- Site selection and acquisition.
- Site appraisal.
- Site information.
- Site surveys.
- Speculative construction.
- Surveyor.
- Value management techniques.
- Vested outsourcing.
- What is a valuer?
- Whole-life costs.
- Yield.
- Whole-life costs.
Featured articles and news
The world’s first publicly funded civic park.
Exploring permitted development rights for change of use
Discussing lesser known classes M, N, P, PA and L.
CIOB Art of Building 2024 judges choice winner
Once Upon a Pass by Liam Man.
CIOB Art of Building 2024 public choice winner
Fresco School by Roman Robroek.
HE expands finance alliance to boost SME house building
Project follows on from Habiko public-private place making pension partnership for affordable housing delivery.
Licensing construction; looking back to look forward
Voluntary to required contractors (licensing) schemes.
A contractor discusses the Building Safety Act
A brief to the point look at changes that have occurred.
How orchards can influence planning and development.
CIOB Construction Manager of the Year award
Shortlist set to go head-to-head for prestigious industry title.
HSE simplified advice for installers of stone worktops
After company fined for repeatedly failing to protect workers.
Co-located with 10th year of UK Construction Week.
Time for knapping, no time for napping
Decorative split stone square patterns in facades.
A practical guide to the use of flint in design and architecture.