It is never too early to start thinking about whether your land has development potential, and putting together a land promotion strategy for your land.
As housing demand increases, so do the opportunities for landowners to offer up land (including green belt sites) for potential residential development.
This means your land could be more valuable than you expect!
Your land is an important asset, whether you have surplus farmland, a country estate, large garden, grazing land and paddocks or defunct rural business land.
Land is the key ingredient in the building of new homes, and one of the most common questions is, how much is our land worth?
Answering that question isn’t as simple as it might seem. The development potential of any land is affected by the planning system, supply and demand, comparable sites and site specific calculations.
There are some key questions to consider:
Is the site sustainable?
Land located adjacent to existing development and within walking distance to schools, shops and other services is a big plus.
Is the site technically deliverable?
Drainage, gradient and access also have a strong influence on its suitability for housing. As innovators within in the land promotion sector, Catesby Estates were one of the first to recognise the importance and added value, in-house technical expertise can deliver to both landowners and housebuilders. We nurtured and developed our own in-house technical team, making our skill set unique amongst land promoters.
Our technical team have a strong track record having worked for major housebuilders, and through their knowledge they are able to bring forward sites with comprehensive technical background work completed, and offer value engineered solutions to any site constraints.
This means there is less upfront risk for a housebuilder, that comes with a land site that has not been fully considered from a technical and deliverability perspective. This in turn increases the speed of housing delivery, with housebuilders able get onsite and start construction quicker.
What is the different in land value between agricultural land and land with planning permission?
The uplift in land value can be significant, however obtaining planning permission for a site can be extremely expensive and time consuming with no guarantee of success.
At no cost to the landowner Catesby Estates uses its in-house expertise and financial resources to fund the land promotion of your land through the planning process.
Once planning permission has been achieved the land site is then sold for the highest possible return, therefore maximising the value of the land.
We work in partnership with the landowner during the whole process, and as your appointed strategic land promoter our return is based on a pre-agreed split of the sale proceeds.
Therefore, as your appointed land promoter our interests are aligned with yours to ensure the maximum value for your land is obtained, and we only get paid once the site has been sold.
What are the options available – promotion agreement, freehold purchase or option agreement?
Once planning permission has been achieved the site is then sold for the highest possible return.
The landowner is consulted during the whole process and our return is based on a pre-agreed split of the sales proceeds.
This can be with an overage in favour of the landowner to capture the uplift in value when a planning consent has been obtained.
Do you have the housebuilder contacts to ensure you get the best possible price for your land?
As one of the biggest names in the land promotion sector, Catesby Estates are well known by housebuilders for our ability to deliver technically sound and well considered residential land sites.
Housebuilders and Local Authorities have confidence that a planning permission obtained by Catesby Estates is deliverable. This is a key part of our promotion strategy, and one of the main reasons why we are trusted by our partners and stakeholders.
For the planning process to work effectively, land promoters, housebuilders, councils and residents need to work together in partnership to achieve a positive outcome from residential development for local communities.
We work at both a local and national level to help build policy which supports the delivery of new homes and infrastructure in key areas across the country.
We believe the key to our success is our collaborative approach and commitment to delivering sensitively designed housing developments tailored to the character of the local area and providing real community benefits.
Acknowledging the significant roles local stakeholders play in the planning process we have an in-house communications team who engage directly with stakeholders, rather than using external third party agencies.
Land for housing development is in high demand. Find out today if you land has residential development potential.