How is price per stand calculated?

Buteo Buteo · 30-09-2019 05:00PM #1

Hi.

Does anyone know how developers/planners calculate the price per unit/stand in new housing developments?

Anything that could point me in the right direction would be appreciated.

Calahonda52 · 30-09-2019 05:05PM

what do you understand stand to mean in this case?

Buteo Buteo · 30-09-2019 05:08PM

Calahonda52 wrote: »

what do you understand stand to mean in this case?

I thought "stand" meant each individual unit - house/apartment - unless I'm mistaken?

Gumbo · 30-09-2019 05:36PM

Buteo Buteo wrote: »

I thought "stand" meant each individual unit - house/apartment - unless I'm mistaken?

Never heard of this phrase, stand.
Your talking about Ireland, yeah?

I don’t think there’s an official calculator though.

banie01 · 30-09-2019 05:41PM

I've not heard that terminology either myself.
Surely it'd be as simple as price paid for site/total number of units built?

Buteo Buteo · 30-09-2019 07:40PM

The site is in Ireland.

I've heard the term "price per stand"/"x stands per acre" a few times from planning consultants and I understood that "stand" means "unit", a house or apartment.

I suspect that there is no hard and fast methodology for arriving at unit cost.

Gumbo · 30-09-2019 07:46PM

Buteo Buteo wrote: »

The site is in Ireland.

I've heard the term "price per stand"/"x stands per acre" a few times from planning consultants and I understood that "stand" means "unit", a house or apartment.

I suspect that there is no hard and fast methodology for arriving at unit cost.

Strange. From being in the planning business for 29 years now and being referred to as a Planning Consultant, I’ve never used nor heard of the term stand.

Buteo Buteo · 30-10-2019 11:51AM

Apologies for getting back only now. I don't log into boards very often.

I have an idea now of how many units my site will take and the price per unit.

If An Bord Pleanála grants planning permission for so many houses at so many thousands of euro a unit, is that what the purchaser has to pay the vendor?

Your responses are much appreciated.

rayjdav · 31-10-2019 10:11AM

Im confused here??
Is it the Development contributions for an overall scheme, which is calculated on a per unit basis?? If so, whichever LA you fall under will have their own formula to work it out. There is also the additional Irish Water contributions, which used to be in the LA charges.

Maybe Im reading this wrong.....

sydthebeat · 31-10-2019 12:55PM

Buteo Buteo wrote: »

Apologies for getting back only now. I don't log into boards very often.

I have an idea now of how many units my site will take and the price per unit.

If An Bord Pleanála grants planning permission for so many houses at so many thousands of euro a unit, is that what the purchaser has to pay the vendor?

Your responses are much appreciated.

ABP has no influence in any final unit cost of housing.

If ABP applies a development contribution tobe paid to the local authority, its the developer who pays this, at the time of development.

if you purchase a site with planning approved, then you have to comply with ALL conditions.

Buteo Buteo · 01-11-2019 10:43AM

Thanks to all for your responses.

I own the lands and am thinking of selling them, subject to planning. They're zoned residential.

I'm trying to pin down how developers calculate the price per unit (house/apartment).

I appreciate that ABP doesn't decide price per unit. But there must be some methodology for working it out.

I have a rough understanding now that the higher the density, the lower the price per unit.

What the valuers are telling me is that the land will take so many units at so many euro per unit and are using this to establish a sale price for the lands.

Will the money I get when sold be equal to the number of units the lands can take multiplied by the price per unit?

Someone said that they hadn't heard the term "stand" before. I'm hearing it a lot from various people where I am so I'm guessing it's a regional term for "unit".

woohoo!!! · 01-11-2019 10:52AM

Buteo Buteo wrote: »

Thanks to all for your responses.

I own the lands and am thinking of selling them, subject to planning. They're zoned residential.

I'm trying to pin down how developers calculate the price per unit (house/apartment).

I appreciate that ABP doesn't decide price per unit. But there must be some methodology for working it out.

I have a rough understanding now that the higher the density, the lower the price per unit.

What the valuers are telling me is that the land will take so many units at so many euro per unit and are using this to establish a sale price for the lands.

Will the money I get when sold be equal to the number of units the lands can take multiplied by the price per unit?

Someone said that they hadn't heard the term "stand" before. I'm hearing it a lot from various people where I am so I'm guessing it's a regional term for "unit".

Perhaps it's an auctioneers term, in which case the thread needs to be moved from here to the property forum? More likely to get an explanation then.

sydthebeat · 01-11-2019 11:36AM

Buteo Buteo wrote: »

I'm trying to pin down how developers calculate the price per unit (house/apartment).
.

land price
planning costs
post planning + tendering costs
local authority development charges, connection costs, statutory fees
site development costs
construction costs
Part V housing impact
financing costs
advertising and auctioneering costs
business admin and development costs
profit margin.

*not an exhaustive list

How is price per stand calculated?

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