Development stage 4
Has your planning application been granted? What next?
Firstly: WELL DONE! Your perseverance has paid off and now is the perfect time to review your options. You have an asset which is hugely valuable and appealing to many house builders and developers, who typically don’t have the time and resources to speculate on buying land on a ‘subject to planning’ basis.
You may well be wondering whether to build the consented scheme yourself or sell the site on. At this stage, its best to get an up-to-date land valuation – one that considers the recently-achieved planning consent – as well as an appraisal on the value of the new build units so that you can understand the gross development value.
It may well be that it makes financial sense to cash-out now without undertaking the building work. Either way, we can guide you before you need to make any big decisions. And if you decide to explore selling the land, we have the contacts to know who will offer a competitive rate.
