This case study demonstrates how leveraging advanced data tools can streamline property investigations, enabling informed decision-making for real estate development. In this scenario, a developer client sought to acquire two disused commercial units with plans to repurpose them into residential apartments. Using our data-driven platform, the law firm efficiently identified potential barriers and opportunities, delivering actionable insights to the client all before a search had even been ordered.
Step 1: Initial Property Analysis
The process began with an analysis of ownership information and property details for the two units. Key findings included:
- Both units are freehold and registered to the same UK-based entity.
- No pending applications or discharges were associated with the properties.
Additionally, the analysis revealed a critical anomaly: an electricity sub-station situated within the car park of Unit 1. Through satellite imagery and street views, it was confirmed that the substation was owned by Southern Electric and actively in use.
Step 2: Addressing the Substation Issue
To address the substation’s impact on development plans, two options were proposed to the client:
- Relocation: Engage Southern Electric to discuss relocating the substation, evaluating feasibility, costs, and timelines.
- Redesign: Adjust the architectural plans to incorporate the substation without requiring relocation.
These recommendations were presented to ensure the client could make an informed decision on proceeding with the project.
Step 3: Energy Performance and Planning for Potential Office Use Instead
The properties’ Energy Performance Certificates (EPC) were reviewed:
- Both units had a rating of D, necessitating upgrades to meet future efficiency standards if repurposed as office spaces.
Planning applications within a 50-meter radius were also analysed. Filtering by decision dates and approval status reduced noise, focusing only on relevant applications. This saved significant time and provided precise insights for project feasibility.
Step 4: Boundary and Access Insights
Using advanced boundary overlays, additional opportunities and risks were identified:
- Unregistered Land: A ransom strip at the rear of the properties was identified. The developer could approach neighbouring property owners to acquire part of their land, potentially enhancing site access and value.
- Access Analysis: Proximity to roads and the width of access points were evaluated to determine logistical challenges for construction.
Step 5: Geographic Visualisation and Data Layers
Using geographic visualisation tools, all findings were plotted on an interactive map. This included:
- Ownership boundaries and utility proximities.
- Planning application overlays.
The visualisation allowed for detailed inspection of specific sites or a holistic view of the project area. This intuitive mapping facilitated clearer communication and collaboration with the client.
Additional Functionality:
The tools also supported:
- Advanced data layers for planning, utilities, infrastructure, and zoning information.
- Filtering and exporting data for deeper analysis.
Conclusion:
By utilising comprehensive data tools, the law firm delivered detailed insights that expedited the decision-making process for the client. The ability to quickly identify barriers and opportunities not only saved time but also enhanced the project’s overall value and feasibility. This case exemplifies how our data platform can transform property investigations, driving more informed and strategic development decisions.
