THE VALUATION OF DEVELOPMENT PROPERTIES: 3

In the concluding part to this series, which has offered some comments on the residual method of valuation, a hypothetical site possessing development potential is described, and a conventional residual valuation is carried out to demonstrate how, in practice, the technique is used and adapted to ascertain the likely value of land. It should be stressed that the example is purely illustrative, and relates to the author's perceptions of the market in January, 1983.