Development Consultancy / Residential

Valuation advice for a large residential new build

Client:

Peabody

Property:

Large new build partially completed mixed tenure residential-led, part high-rise scheme known as the ‘Motion’, developed jointly by Peabody and Hill

Address:

Motion, 97 Lea Bridge Road, London E10

This landmark scheme, known as ‘Motion’, provides 300 1, 2 and 3 bedroom flats in a mix of private and affordable tenures within medium/high-rise buildings plus circa. 1,892 sq m/20,365 sq ft of flexible commercial space with a range of A1-A5 retail and D1/D2 uses.

Since the project's first phase, our team has provided numerous RICS Red Book valuation reports to Peabody to set the marketing values and internal procedures to sell the flats on the open market.

We provided RICS Red Book valuations in individual Market Values (notional 100% equity share) for each flat to establish the asking prices before releasing the flats to the market.

Our knowledge of the local area and property market, plus detailed research and expert analysis of the marketing and private sales evidence within the scheme and in the area, along with shared ownership evidence, enabled us to provide accurate valuations, leading to successful marketing and sales of the flats.