Inherited a large property - how to sell for development?

metropolitanlandlord

You're getting some good ideas here, and the site sounds like a good one, but there is no guaranteeing that anyone would get planning permission for turning it into 'a development'. You could find that no permission is available and then the person who buys it from you knows someone on the council........and

I would suggest study the whole subject in depth and go to some property auctions to get an idea of how people think and behave in the property world - it is not all kosher!

planning_officer

RAS wrote: »

Also bear in mind that all sorts of planning rules went to the bonfire in April 2012 and check out whether your local Council has actually readopted their new planning rules yet. If not, you will have a lot more room for manouvre.

The only thing that changed in April 2012 was householder permitted development rights. That only applies to extensions and alterations to existing dwellings.

planning_officer

Fuzzyness wrote: »

i'm well aware of that but its highly unlikly he's going to submit an application in the next week.

You never know...

planning_officer

metropolitanlandlord wrote: »

You could find that no permission is available and then the person who buys it from you knows someone on the council........and

Hmmm, not sure what this is implying (well I can guess), but I can assure you that if someone 'knows someone on the Council' it will have no bearing whatsoever on the application or relevance of local planning policies!!

Mrs_Arcanum

Sold our inherited place for development with no permissions sought by us. Was less than half an acre (but in a prime sought after area) and now has two 5 bed semi detached properties. This did take 2 years though even with an EA and we were in a high development area.

A basic house sale EA is no use to you. A more national EA with development sales agents might be worth chatting to as well as the planning department.

ValHaller

Mrs_Arcanum wrote: »

A more national EA with development sales agents might be worth chatting to as well as the planning department.

For this sort of project, the more obvious national agents will be no better than a bog standard local agent.

asharon

If you get planning it may not be for what someone else wants. You can take the easy route and advertise it with development potential and the buyer can determine its potential.

margaretk

Your best option would be to see the Planning Officer at your local Council and ask their advice. You can then apply for Outline Planning Permission which basically gives permission for, say, X amount of houses on the property (you would probably need an architect or agent to draw up basic plans), then whoever buys the land has about 3 years to apply for Reserved Matters which would give details of appearance, layout, means of access, scale etc. There will be a fee for the Outline Planning Application, but the plans shouldn't cost as much as they will just be basic ones. Alternatively, you could just ask the Planning Officer to let you have a letter saying they will support an application for residential development - they shouldn't charge for that or maybe just a nominal fee.