Unlocking Your Propertys Potential

30th August 2018

With local authorities under mounting pressure to meet the housing demand of a burgeoning population but new build failing to keep pace with the numbers needed, land with potential for development is becoming increasingly sought after. Whether you have redundant farm buildings, an underutilised industrial site, agricultural farmland, or just enough land to suit a single plot next to your home, you may be sitting on a much more valuable asset than you ever realised.

Plots of all shapes and sizes have potential. Beresfords has just sold a plot of land subject to planning permission in West Bergholt for two units that are expected to come on stream soon, agreed a sale to a developer on a five-acre site in Braintree, which has the capacity for up to 70 new homes, and is expected to be developed in the next three years. In addition to completing negotiations with a blue-chip developer for a long-term site in Havering spanning 87 acres, which is likely to come together over the next ten years.

Planning needn't be an expensive process, with many developers now preferring 'subject to planning' deals, meaning that landowners are free to explore the potential of their land without incurring any costs for themselves.

The Land Division at Beresfords has extensive experience in the local area and are more than willing to carry out an initial appraisal without charge to assess whether the site is viable and advise on the likely impact on any existing use value.

Contact a member of our land team here.