Carigiet Cowen were instructed to carry out a development viability assessment for a housing scheme in Copeland. The scheme will deliver a mixture of 2, 3 and 4 bedroom new build dwellings.

The subject area has seen only six recorded property sales in the previous 24 months. With the demand for new build properties in the wider Copeland area remaining high, this scheme promises to deliver some much-needed stock to the market.

The Office for National Statistics recorded that national house prices had rose 9.6% in the year previous to reporting, however the averages sale price in Copeland remains stubbornly low at £159,858.

Amongst other factors, supply chain and raw material resource issues, are causing construction rates to increase. The detailed viability sees Carigiet Cowen recommend a significant reduction in the affordable housing provision.

If you have a requirement for a development viability assessment, please contact the Carigiet Cowen Carlisle office on 01228 544733 to speak to one of our Surveyors.”