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Valuation of a resource consent for land use

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  • Valuation of a resource consent for land use

    Hi all,

    Had a defacto relationship breakup - during the time of relationship I engaged a architect to design a 182m2/4 bedroom dwelling on the same site as the primary residence.
    A resource consent was granted for this activity, however no building consent was granted. Also pertinent to note that this is not a resource consent for subdivision, however land use to construct a separate dwelling (2 dwellings on 1 title).

    Some points to note:

    Initial ballpark talks from the builder indicate a build cost of $600k - for something that would be worth $850k on completion (maybe?).
    Architecture costs were split while we were in the relationship, this totaled $30k.
    No work has started, no building consent has been granted, no subdivision consent has been granted

    Now I am going through the division of assets and my ex partners solicitor is claiming that the value of this consent significantly increases the value of the asset. Thoughts? (Yes I am also about to engage a valuer)
    Last edited by iknownothing; 04-03-2019, 02:15 PM.

  • #2
    It's only potential - unrealised, at that.

    The other side will always 'try things on,' and your legal adviser should be able to counter such claims.

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    • #3
      Consent increases the value unfortunately.
      Free online Property Investment Course from iFindProperty, a residential investment property agency.

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      • #4
        RC only have a limited life how old is this one?. The value is in the cost of the RC. Not the future potential profit??

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        • #5
          Originally posted by Nick G View Post
          Consent increases the value unfortunately.
          Yes, but is this calculated of the future yield or based on the cost of obtaining the consent?

          How do you attribute a value to future potential growth, and given the primary dwelling and the consent cannot be sold separately (no subdivision) this limits the value significantly?

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          • #6
            10 months old into a 5 year lifespan. I would agree with you in the above but am looking for advice?

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