How do I work out the Gross Development Value (GDV)?

How to use Nimbus to find out the comparable data and sales values to help you check if a site is financially viable.

To work out the Gross Development Value (GDV) in an area using Nimbus, you can leverage several features and data points provided by the platform. Here are the steps and tools you can use, select the Location Analysis tool in the top right of the Nimbus platform:

1. Sales Values:
   • Understanding accurate purchase and sales prices, along with development costs, is crucial. Nimbus provides transparency into local values and comparable property data, helping you assess potential risks and make informed decisions.
   • Remember, both the purchase price and the exit value play crucial roles in determining the success of a project. By maximising exit values and minimising purchase costs, you can maximise your profits and achieve financial success on a project. 
2. Comparable Analysis (Residential & Commercial):
   • Access local and site-specific residential and commercial comparable data to understand the local market values for different uses. This is essential in making smart decisions about a property's best use and layout.
   • Avoid applying values from one region to another, as there can be significant differences even between neighbouring streets.
3. Residential Value Growth Overlay:
   • Use the Residential Value Growth overlay to display the growth rate of average residential sales values. This helps you identify areas that are performing well versus those that are not performing well.
   • This overlay aggregates growth rates on a neighbourhood basis, showing how that neighbourhood has performed over the last 12 months compared to the previous 12 months and highlight areas of higher and lower residential growth.
4. Average Residential Value (psf) overlay:
   • This overlay provides critical information on the average value of the last 12 months and the 12 months prior. It is particularly useful for residential developers and investors who need to stay on top of market trends.
5. Residential Yield:
   
   • The Residential Yield feature offers insightful data on the average return on investment in a given postcode. This aids investors in maximising their returns and making informed decisions about resource allocation.
     

By utilising these tools and data points, you can effectively work out the GDV in an area and make informed investment decisions.

If you need further assistance or specific details, please let us know!