Are you a landowner eager to cash in on your land but don't have the time or expertise to maximise the value.
Joel Lewis Property are a rapidly growing property development company with a pipeline of deals underway and under construction.
We are actively looking to acquire new projects which are suitable for development.
If you have a site that may be suitable for a new housing development, now is an excellent time to realise the value of your asset. With the ongoing housing crisis and the new Labour government’s goal to deliver 1.5 million new homes in the next five years, there’s never been a better time to sell your land.
The route you take to sell your land will depend on your individual circumstances, your views on an acceptable trade-off between speed of sale and the price achieved. We will be delighted to assist with any queries you may have about selling your land with all discussions taking place in strictest confidence.
The quickest and arguably most straightforward way to realise the value of your land is to sell it ‘as is’. However, without planning permission secured, any buyer would be investing solely on the basis that permission could be obtained – a financial risk that will be reflected in a low value offer.
These risks are important considerations for developers, and your buyer will most likely make an offer for the land that is somewhere between the site’s actual value for its existing use and what it will be worth once planning permission for residential development has been obtained.
This method of sale is commonly known as a conditional contract or option agreement. By agreeing to sell the site on a conditional basis, the buyer will not buy the site until planning permission has been granted. For must people, speed of sale is the main objective. If you would like to maximise the value of your land and there is no immediate urgency a conditional sale is the best option for you.
Using the latest digital mapping software our specialist team identifies sites that have potential for development.
A phone call with the land owner is scheduled, during which we will discuss the entire process from start to finish.
We will agree a reasonable period of time with the land owner to undertake detailed due diligence on the site. This allows us to analyse viability and to discuss next steps with the land owner.
Once terms are agreed, we will instruct our solicitors to prepare the necessary legal documentation which will ensure an efficient transaction process.
Upon exchange of contracts, our professional team of surveyors, consultants and planning experts will work around the clock to secure planning permission on your site. We will be investing considerable time and resource in this process. All of these costs are at our risk.
When planning permission has been granted we will buy the land within the agreed time frame.
We check to see if it complies with our planning and development criteria. For example we will look at flood zones, ecology, highway access, local infrastructure, and many more.
A conditional contract allows a developer a period of time to enable them to satisfy the conditions of the contract. Normally this is achieving a satisfactory planning permission.
Timescales will be agreed and set out in the contract between both parties
Outline planning permission gives consent in principle for a development, while full planning permission approves all the details.
Sometimes we are able to offer a non-refundable deposit. This is subject to the individual site and can be determined on a case by case basis.
Speak to estate agents or get it valued independently. You can use a price per acre based on recent comparable land sales in the local area.
JOEL LEWIS PROPERTY LTD
c/o Williamson & Croft LLP, York House, 20 York Street, Manchester, M2 3BB
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