Call John on 07971 389985 / 01527 328401 or email [email protected] for free, independent and expert guidance.
SEE : 'SELLING LAND - FAQ'S' page for :
Clear recent data on UK residential land prices
The price of land with planning permission for housing development in various districts of the UK
UK housing land prices (with planning permission)
UPDATE 2024 :
Is your site is larger than 10 acres in size and you have been approached by a large housebuilder ?
If so, then please proceed carefully as normally only a Land Promotion Company can offer 'market tested' land value.
Housebuilders issue a 'Price Notice' which does not properly test real market value. Also, please do not be taken in 'hybrid agreements' - these can be utter nonsense and a rather poor attempt to make landowners think they can achieve the more
pro-active and added value work of the pure land promotion agreement.
Residential development land (with planning permission) in the United Kingdom in 2024 is worth between £350,000 per acre (e.g. remoter parts of the UK) to as much as £3,000,000 per acre (e.g. 'Home Counties' close to London). The reason the values can vary so widely is very much dependent upon were the land is and how challenging it is to develop (e.g. slope, contamination, access and infrastructure requirements).
Land is a very emotive subject because it is valuable and it may have sentimental or inheritance family issues associated with it.
A landowner only gets to sell their land once and cannot go back and 'have another go' if they are not happy with the price or the result.
It is therefore vital that you do your research and take proper stock of the situation before committing to a particular developer, land promoter or housebuilder.
The old adage that 'all that glitters is not gold' is certainly true as whilst many developers and land promoters are actually perfectly good, reliable and honest firms, nevertheless buying your land is a business decision for them and your best interests as a landowner or a family will not always be of paramount importance when it comes to 'payment' for the land with planning. Landowners often ask 'What are the benefits of an Option Agreement' and the simple answer nowadays is nothing like as good as they used to be - it is a personal opinion but generally they can lead to delay and significantly reduced land value - the latter impact is for three reasons : Firstly, the developer simply tries to secure a planning permisison, not the 'best' planning permission in terms of actual land value; Secondly, the Option Agreement allows the developer to charge a wide range of costs, 'interest rates' and unecessary charges to the landowner and Thirdly, there will often be huge additional infrastructure and associated commitmentsreeadily made under an Option Agreeement which a land promoter would never concede.
Landsite is very passionate about landowners wishes coming first in any transaction and the only way this can be achieved is if ALL the relevant information on housing land prices, timescales, planning, contracts and marketing are clearly, honestly and transparently explained.
One thing we offer at Landsite is the ability to compare actual sold prices for land in your area from the Land Registry so that a value per 'plot' can be ascertained. Once we know that information we can then work out how many building 'plots' your land can accommodate and calculate a likely land value. This gives a real and accurate idea of what a site may be worth.
If you are currently being approached or have been approached by a plc housebuilder to sign into an OPTION AGREEMENT then please please tread carefully. By all means give me a call or email me for advice on 07971 389985 or via [email protected] and I will be happy to explain whether that route may indeed be best or whether a land promotion agreement may offer a better solution.
Sometimes Option Agreements (or even Conditional Contracts) are the right choice and can work for landowners. Indeed, once they used to be the only option for landowners. However, nowadays, the Land Promotion Agreement usually creates a significantly better solution with a much much better land sale value for the landowner or farmer (and you only get to sell your land once !). By 'much better' you can be looking at perhaps 50% more payment for your land after planning in some cases. For instance, the final land payment for a piece of land with permission for 100 houses in a good location could be as much as £12,000,000 through the full competitive open market sale that a Land Promotion Agreement offers compared with perhaps £6,000,000 to £7,000,000 via a standard Option Agreement.
Landsite Limited have been advising landowners on how to get the best deal for their landholdings for over 15 years and we have secured land deals to exchange and completion on 26 sites which can accommodate over 4,237 new homes or apartments.
We have many years of experience working at senior levels within the land departments of Taylor Wimpey, Bovis Homes (now Vistry Group), Beaverbrook Land and Gladedale Homes (now Avant Homes). We have also worked with developers including : Banner Homes, Beaverbrook Land, IM Land, David Wilson Homes (Barratt Group), CALA Homes, Bellway Homes, Adderstone Living and Persimmon Plc amongst others.
How to sell my land for housing ?
(NOTE : we undertake this work Free of Charge and secure our fees from the successful bidder/developer, not you)
1. Meeting & Appraisal with Landowner(s)
We meet with you and determine exactly what you would like to achieve. You can answer any whatsoever questions you may have about the process of land development, land prices for housing, site values, land promotion agreements, option agreement, conditional contracts, hybrid agreements and the differences between the housebuilders and the land promoters. We will always seek to physically walk your land with you to understand it's setting, potential and individual circumstances. If, for some reason, we cannot answer a question then we will find the answer for you.
2. Guidance on which companies can be approached
Landsite can provide guidance on which developers may offer the most sensible route to developing land.
You may receive bids or offers from developers and can you can then make a decision to partner with a particular developer. Developers will normally need to meet the following :
We will take the time to explain how the process really works in practice and you are welcome to telephone or email either John Holland to discuss your concerns :
John Holland - Director - 07971 389985 / 01527 328401 or [email protected]
Landsite Limited
Penrose House
67 Hightown Road
Banbury
Oxfordshire OX16 9BE
Telephone : 01527 328401
Mobile : 07971 389985
Email : [email protected]
Web. www.landsite.co.uk
Previous Projects
Below are a selection of projects we have taken to Exchange and Completion of Contract.
More information in the Our Projects section of this website.
Please click on the images on the right to see more.
Land is a very emotive subject because it is valuable and it may have sentimental or inheritance family issues associated with it.
A landowner only gets to sell their land once and cannot go back and 'have another go' if they are not happy with the price or the result.
It is therefore vital that you do your research and take proper stock of the situation before committing to a particular developer, land promoter or housebuilder.
The old adage that 'all that glitters is not gold' is certainly true as whilst many developers and land promoters are actually perfectly good, reliable and honest firms, nevertheless buying your land is a business decision for them and your best interests as a landowner or a family will not always be of paramount importance when it comes to 'payment' for the land with planning. Landowners often ask 'What are the benefits of an Option Agreement' and the simple answer nowadays is nothing like as good as they used to be - it is a personal opinion but generally they can lead to delay and significantly reduced land value - the latter impact is for three reasons : Firstly, the developer simply tries to secure a planning permisison, not the 'best' planning permission in terms of actual land value; Secondly, the Option Agreement allows the developer to charge a wide range of costs, 'interest rates' and unecessary charges to the landowner and Thirdly, there will often be huge additional infrastructure and associated commitmentsreeadily made under an Option Agreeement which a land promoter would never concede.
Landsite is very passionate about landowners wishes coming first in any transaction and the only way this can be achieved is if ALL the relevant information on housing land prices, timescales, planning, contracts and marketing are clearly, honestly and transparently explained.
One thing we offer at Landsite is the ability to compare actual sold prices for land in your area from the Land Registry so that a value per 'plot' can be ascertained. Once we know that information we can then work out how many building 'plots' your land can accommodate and calculate a likely land value. This gives a real and accurate idea of what a site may be worth.
If you are currently being approached or have been approached by a plc housebuilder to sign into an OPTION AGREEMENT then please please tread carefully. By all means give me a call or email me for advice on 07971 389985 or via [email protected] and I will be happy to explain whether that route may indeed be best or whether a land promotion agreement may offer a better solution.
Sometimes Option Agreements (or even Conditional Contracts) are the right choice and can work for landowners. Indeed, once they used to be the only option for landowners. However, nowadays, the Land Promotion Agreement usually creates a significantly better solution with a much much better land sale value for the landowner or farmer (and you only get to sell your land once !). By 'much better' you can be looking at perhaps 50% more payment for your land after planning in some cases. For instance, the final land payment for a piece of land with permission for 100 houses in a good location could be as much as £12,000,000 through the full competitive open market sale that a Land Promotion Agreement offers compared with perhaps £6,000,000 to £7,000,000 via a standard Option Agreement.
Landsite Limited have been advising landowners on how to get the best deal for their landholdings for over 15 years and we have secured land deals to exchange and completion on 26 sites which can accommodate over 4,237 new homes or apartments.
We have many years of experience working at senior levels within the land departments of Taylor Wimpey, Bovis Homes (now Vistry Group), Beaverbrook Land and Gladedale Homes (now Avant Homes). We have also worked with developers including : Banner Homes, Beaverbrook Land, IM Land, David Wilson Homes (Barratt Group), CALA Homes, Bellway Homes, Adderstone Living and Persimmon Plc amongst others.
How to sell my land for housing ?
(NOTE : we undertake this work Free of Charge and secure our fees from the successful bidder/developer, not you)
1. Meeting & Appraisal with Landowner(s)
We meet with you and determine exactly what you would like to achieve. You can answer any whatsoever questions you may have about the process of land development, land prices for housing, site values, land promotion agreements, option agreement, conditional contracts, hybrid agreements and the differences between the housebuilders and the land promoters. We will always seek to physically walk your land with you to understand it's setting, potential and individual circumstances. If, for some reason, we cannot answer a question then we will find the answer for you.
2. Guidance on which companies can be approached
Landsite can provide guidance on which developers may offer the most sensible route to developing land.
You may receive bids or offers from developers and can you can then make a decision to partner with a particular developer. Developers will normally need to meet the following :
- LEGAL FEES : Pay your reasonable legal fees (typically between £7,000 to £10,000)
- PREMIUM / DEPOSIT : Pay you a non-returnable 'sweetener' sum of money as a 'premium' or gesture of commitment to the deal. You keep this, even if the development partner doesn't get planning permission and walks away. These sums are normally much higher for Option Agreements with a large housebuilder than a Land Promotion Agreement with a Promoter, though that situation now appears to be changing (as at 2024).
- AGREEMENT : Prepare a Draft Agreement which after a period of about 3 months both parties (landowner and the chosen development partner) will sign. These are usually for an intial period of perhaps 3 to 5 years with an option to renew it for a further periuod if progress is being made or a Planning Appeal is needed. For larger sites, Landsite usually advise landowners to seek a '5 year + 5 year' style agreement whereby you get another non-returnable 'goodwill' payment after 5 years and again after 10 years if the company wants to extend it. However, for a smaller site of one where planning may be straighforward we may suggest a much shorter timeframe of perhaps 12 months to 18 months initially and using a 'Conditional Contract' approach - guaranteed price and fixed period of time.
We will take the time to explain how the process really works in practice and you are welcome to telephone or email either John Holland to discuss your concerns :
John Holland - Director - 07971 389985 / 01527 328401 or [email protected]
Landsite Limited
Penrose House
67 Hightown Road
Banbury
Oxfordshire OX16 9BE
Telephone : 01527 328401
Mobile : 07971 389985
Email : [email protected]
Web. www.landsite.co.uk
Previous Projects
Below are a selection of projects we have taken to Exchange and Completion of Contract.
More information in the Our Projects section of this website.
Please click on the images on the right to see more.
