How to use the workbook:

Development Cash Flow

The following fields should be completed on the development cashflow:

• Off the Shelf: this is applicable where completed homes are being bought directly from a developer.
• In all other cases the development costs should be split across the cost catagories shown above in blue. The model will split these costs across the development period. However, where better cash flow forecasts are available these should be entered in the development cash flow.
• Please note that, until you enter rent levels and sales prices in subsequent sheets, error messages may appear in “Receipts” cells.
• As a guide, build costs are currently around £1,100/m2 for houses and £1,300/m2 for flats or apartments. However, local site considerations need to be taken into account – a small development in a remote location requiring local materials, with poor ground conditions or difficult drainage can almost double those figures. Advice should be sought from a suitably qualified professional who will be able to take these considerations into account when giving guidance on build costs in the particular location.