Property Cost Estimate for the acquisition of property interests along the Phase One section of the HS2 route.
HS2 is the proposed high speed rail link between London and the North of England. Phase one involves linking London to Birmingham. The linear nature of the project means it will be constructed over a variety of land types of ranging shapes and sizes in both urban and rural areas. Carter Jonas were instructed to provide a property cost estimate for over a thousand property interests along the phase one part of the route to help establish the value of land and property to be acquired under the provisions of the Hybrid Bill. The instruction required attention to detail and good knowledge of the urban and rural markets.
The property interests included: agricultural land, woodland, urban land, residential property, commercial buildings, and commercial land. Carter Jonas first had to aggregate a list of over seven thousand property interests to ensure no duplication of land parcels. Members of the Carter Jonas infrastructure Team were able to utilise Carter Jonas’s extensive cross divisional knowledge to create a methodology with which to approach the property cost estimate. The team gave a detailed and accurate estimate of value for each property interest. The efficiency of the team meant the task was completed to a very good standard within the short time frame required by the client.