Days after Senator Ian Gorst and Sir Philip questioned the £14 million estimation given by Plémont Estates Ltd at a Town Hall meeting, local architect Paul Harding has said that the pair needs to get serious about the cost of the site if they want to buy the plot.
Mr Harding said that the various valuations offered by the States and the National Trust for Jersey – ranging from £7.8 million to £3.5 million – did not come close to the site’s true worth.
Mr Harding, the director of BDK Architects who designed the housing scheme for landowner Trevor Hemmings, said that the calculation was simple.
On average, he explained, each house would sell for around £900,000. The figure is a combination of £300,000 land value per house, £300,000 build cost and £300,000 profit.
