Selling a property with land

[dickythorpe]

Is it worth applying for planning permission so you get more for selling the house?

 

[legoman]

My feeling is yes on the basis that getting planning permission can be a right PIA. If you don't need to sell quickly it could be a distinct advantage. Probably worth speaking with local estate agents and architects to help you decide.

 

[stevethejack]

Valid for 5 years. As long as foundations laid before the end of the 5 years, no time limit on finishing off construction.

 

[Jack2jack]

Do a bit of research first is my advice particularly when it comes to access to the site.
If the access is seen as unsafe,the LA wont entertain it. Over devevelopment of a locale is also taken into consideration.
Just be careful of the advice you seek and from whom. Someone independant, who has nothing to gain, is your best bet, even that might cost.

 

[MajorR]

It could definitely push up the value of the house, but as has been pointed out there’s no guarantee you’d get it.
You’ve got a couple of options, go to an estate agent and tell them your thinking of moving and they’ll value your house. Ask them if they see potential for a plot and ask them for some figures, get a value on the house as it is, then the house with planning permission, then a value for the house minus the big chunk of garden and get a value for the plot. See how the numbers stacks up.

Some things to be mindful of, staying in the house and selling a chunk of your garden off may incur capital gains tax liabilities, selling your house and transferring the plot to yourself for you to build a new place on may not attract tax so it’s worth thinking about. You can’t be bothered with all this, what about putting a clause in any sale agreement to the effect that if the garden is developed you get a share of the proceeds?

Start with the values, if they are decent and you are thinking about it I’d defo go and speak to a solicitor and an accountant. Most will give you a free initial consultation. If it’s a runner, you may need to engage a planning specialist or an architect or even both.

You in Carmarthen?

 

[LylaBrowning]

What do you think about investment activities? I have some extra money, but I don't know what to do with it.

 

[Pentyrchjack]

Dicky - yes if you can afford the time and cost it takes to get outline planning.

 

[RockMan57]

If the investor will buy your house, there is no need to apply for planning permission. If I were you, I would not sell the house yet, but start renting it out. You will always have time to sell it, and now it can become an object of passive monthly income. Real estate investment is always relevant. If you have some extra money, use it wisely. Also, I can mention one important thing. You should be able to manage your assets and finances wisely during your lifetime to prevent any problems from arising. One service that helps me manage my wealth is mcgeewm.com. I get the advice I need from a financier, a lawyer, an investment specialist and an insurance specialist. This way, I am sure that my material wealth is safe before and after my death.