Content

For the Head of Housing Development to approve
the implementation of Contract Standing Order 11.01 and 11.02 and
award a contract to Strettons Limited, to carry out Land Valuation
services on the project at 505-511 Archway Road N6, at a cost of
£3000+VAT.

Strettons have carried out previous land valuation work on this
project for an amount totalling £3500+VAT, under an expired
contract.

The total cost of work carried out by Strettons over the life of
the project (including any extensions) is £6500+VAT.

Reasons for the decision

The 505-511 Archway Road site has been
designated by Haringey Council for the direct delivery of new
Council homes.
Strettons Limited have previously provided Land Valuation services
on this scheme, appointed in accordance with CSO 11.01 and
11.02.
Additional up-to-date information has recently been identified as
required to support Land Appropriation from the Council General
Fund to the HRA.
This includes a formal red book valuation to cover:
• Market Value of the land / property, on the basis that the
property remains in its current use.
• Market Value of the land considering development potential
for a policy compliant residential development.
• Market Value of the site considering development potential
for a 100% affordable residential development.

Strettons have existing knowledge of the particulars of the project
and are therefore well placed to carry out the additional required
Land Valuation Services, within the tight timescales
required.

Alternative options considered

The Council could run a competitive tender to
identify a consultant for these services. This option would mean
that any new consultant appointed would have none of the required
background information on the scheme, meaning the project would
likely incur additional cost and delay.
The Council could decide not to appoint this consultant or to
commission further Land Valuation services, however this would
likely delay or prejudice the Land Appropriation process,
potentially hindering the delivery of new council homes.