ABSTRACT
Having collected as much information as possible, the valuer will make use of it in determining the residual value of the site. (It is worth repeating that the available information may be used to produce other results; for example, the land may already be in the ownership of the developer or the price already fixed; the developer may wish to determine how much is available to spend on construction works or the minimum value of the completed development necessary to justify the payment of a certain land price.)
Figure 9.1 sets out the main variables to be included. Each item is considered in more detail below.
