Selling with Outline Permission

ThemeOne

I've inherited a house which I shall be selling in due course. It's in a substantial plot of land and in a popular area but the house itself, while not derelict, needs a fair amount of refurbishment.

I had the idea I could get more for it if I got outline planning permission to demolish and build flats on the site i.e. sell with the permission in place.

Any comments or advice would be welcome.

Fuzzyness

ThemeOne wrote: »

I've inherited a house which I shall be selling in due course. It's in a substantial plot of land and in a popular area but the house itself, while not derelict, needs a fair amount of refurbishment.

I had the idea I could get more for it if I got outline planning permission to demolish and build flats on the site i.e. sell with the permission in place.

Any comments or advice would be welcome.

good idea in theory and i'd do it if i had a plot of land.

what do you know about getting planning permission? it can take a while and will cost you in terms of surveys/consultant costs. its not a given you'll get permission and even if you did, are you sure that it would be attractive to a builder? seek some advice from a local agent that has experience of dealing with land sales.

why flats? all the housebuilders are building houses at the moment as the values are better. unless its a town centre site which might suit flats better.

Hoploz

I would have a chat with the planning dept and ask what they would recommend for the site. Some councils have a requirement for a certain size of properties and would favour one scheme over another.

If bought by a developer the total sale price in the end can potentially remain the same anyway, eg 6 small flats may sell for the same amount as two large detached houses, but the neighbours may prefer it.

TBH if the council like the idea of larger houses, I would consider dividing the plot. I'd keep the existing house and sell a proportion of garden. That way you might be able to renovate the house yourself and get a good profit as well as selling the garden.

jimpix12

A block of flats sounds unlikely if it's a predominantly residential zone with low lying homes i.e. houses. Depends on the local plan and various other things. I'd hazard a guess you'd be more likely to get permission to rebuild as an executive home(s). How much land does it have? You can use this tool to measure it quite accurately:

https://www.daftlogic.com/projects-google-maps-area-calculator-tool.htm

ThemeOne

spunko2010 wrote: »

A block of flats sounds unlikely if it's a predominantly residential zone with low lying homes i.e. houses. Depends on the local plan and various other things. I'd hazard a guess you'd be more likely to get permission to rebuild as an executive home(s). How much land does it have? You can use this tool to measure it quite accurately:

https://www.daftlogic.com/projects-google-maps-area-calculator-tool.htm

Using this tool the area is about 681 m². I wasn't thinking of a high-rise block of flats, something more low key - probably just 2-3 storeys, and looking more like a large house.

I know the local council is under pressure to facilitate more house building and is likely to look with interest on redeveloping existing sites, rather than having to build on greenfield.