Item12Appendix3ValuationReportAffordableHousingLandValuationsandCommutedSumPayments

This document contains a valuation report prepared for the Cairngorms National Park Authority (CNPA) by the Valuation Office Agency (VOA). The report, dated 13 November 2020, aims to determine the appropriate level for a commuted sum, defined as a financial contribution towards affordable housing, for developments with fewer than four units within the National Park area. The methodology used to arrive at this level is the difference between the value of land for affordable housing and the market value for private residential development. The report includes valuations for notional house plots across local authority areas within the National Park and for the Park as a whole and considers factors like market conditions, planning policies, and costs associated with construction.