Sell with planning permission or without?

Slinky

Make sure you get the opinion of several estate agents. As you're a good distance from the property and won't have any idea of the level of interest apart from what you are told, you don't want to let it go cheap to a friend of a dodgy estate agent who claims there's nobody else who wants it. 

A friend of mine ended up gazumping a developer who was trying to buy a property on the cheap where the vendor had gone into care, and the sale was being organised by a distant solicitor. My friend happened to find out it was for sale when she went to a party and found out her friend's mother had a key to the house being sold. It wasn't being advertised anywhere (in the days of newspaper ads), and she had to approach the solicitor directly as the EA wouldn't put her offer forward as a sale had been agreed. She happily stumped up £10K over the previously agreed price.

SarahB16

Slinky said:

you don't want to let it go cheap to a friend of a dodgy estate agent who claims there's nobody else who wants it.   

Having an overage agreement should hopefully mitigate that risk. 

Sell the land for £x (on the assumption of planning permission/taking professional guidance on what value to sell it for).  

Then also have the overage agreement that you also receive y% of the gross sales value when the gross development value exceeds £z.  

Mgman1965

https://forums.moneysavingexpert.com/discussion/comment/81853787#Comment_81853787

Uplift clauses put off buyers who want a plot to build their own new home.

Bigger developers will buy and "land bank" it till the Uplift runs out.

Uplift clauses are usually for agricultural land that won't get PP, but may in the distant future at some point.

A very future thinking relative in his early twenties, bought a plot of land on the edge of his village with a 25yr development/uplift clause.

He rented it out for livery, and 26yrs later at 49, he and his wife had built their brand new forever home on it.