Is your garden a property goldmine?
June 18, 2019
An increasing number of new developments are being built on what were once back gardens. Is it an option for you? Our on-the-ground expert explains more…
Although harshly described by some as ‘garden grabbing’, selling a section of the land that your property sits on can be a smart move – and it can often free-up a life-changing sum. If your plot’s too small, you can get together with one or more neighbours and create what’s known as a ‘land assembly’ and, typically, the bigger the site, the more appealing it will be to developers.
“We can provide you with a no-obligation consultation that includes a valuation based on the land as it stands today - and what the development could be worth tomorrow.”
We’ve consulted and worked upon many deals like these over the years and have the necessary experience and expertise in putting together both straightforward and complicated land package assemblies. If it’s something you’re considering, we can provide you with a no-obligation consultation that includes a valuation based on the land as it stands today - and what the development could be worth tomorrow. In the meantime, here are some points to consider:
- You must own the freehold
- Conservation areas can present issues in some instances
- If the garden is large enough, listed building status may not prevent the development
- Think about access – corner sites are particularly sought after. Perhaps the new house can share the existing drive
- Large trees are not necessarily a drawback as a scheme might be designed around them and they could add to its attraction
- It is the planners who will decide if your land can be developed, not your neighbours, although they will listen carefully to their objections
- Consult your neighbourhood’s local plan as it will often offer valuable insight
For further information and a confidential appraisal of your land, contact our Land & New Homes Department on 0161 925 3235 and we can advise you on whether it has further development potential.