Planning application to raise value before sale

teneighty

It depends on the nature of the potential development. In my road there are a few old 1960's bungalows that sell for around £500k. After a developer got planning permission to rebuild one in to a large 2 storey house which sold for just over £1 million some bungalows put on the market since have been with planning permission and they sell for around £700k - £800k. If they did not have the planning permission in place they would probably still sell for a premium but nowhere near the full potential value to reflect the risk and planning delays.

If we are just talking about extending the property I would say the planning permission would still add value but probably not enough to warrant the expenditure and delays. The estate agents/auctions are usually quite good at exploiting the "potential - subject to planning permission" and let the buyers make their own enquiries.

Tom99

Remember that if the property is enhanced by the planning consent and then sold by the estate there may be CGT to pay by the estate which is at the higher rate of 28%.
Does the probate surveyor's probate value reflect any hope value of gaining such consent?

Kmank84

I’ve always found it does help gain interest. Even if the application lapses without any building work taken place anyone buying will see long term gain

jimbog

Mrs_Wren wrote: »

The surveyor suggested an auction as not many properties come into the market and he thought we could get a higher value. The house is decent condition etc. It needs modernising

This sounds likes nonsense. People always feel there's a problem with a house when it goes to auction. Put it on the open market and see what happens

googler

Browntoa wrote: »

And if you pee the neighbours off you may not be able to put "no" against have you any disputes with the neighbours

Should any objection through due process to a planning application be classed as a "dispute"?

Discuss.

davidmcn

googler wrote: »

Should any objection through due process to a planning application be classed as a "dispute"?

Discuss.

I think we have discussed it recently and came to the view that it shouldn't.

googler

davidmcn wrote: »

I think we have discussed it recently and came to the view that it shouldn't.

Good.

(with some characters added to make it up to the minimum of 10)