Mike Hart, Head of the Land and New Homes Division at Paul Carr Estate Agents shares a gem of a real-life story of how a garden was turned into goldmine
Within our Land and New Homes Department, we are used to dealing with a multitude of enquiries in respect to Land and what can be done with it to maximise its value. Some are weird and wonderful; some are challenging and require thinking outside of the box.
As I always assure people, because land is no longer made anymore, it is important to obtain expert advice prior to moving forward with ideas of sale or development.
The other day, an elderly client contacted me and asked the value of garden land. He told me he was in this 90s and found the maintenance of his vegetable plot daunting. He was considering selling it the neighbour for a few thousand pounds. I arranged to visit him and provide some guidance.
The side garden was large and level and most of all accessible to the road. I explained that garden land alone was worth simply what an adjacent neighbour would wish to pay for it. However, a building plot with planning permission for a four-bedroom detached dwelling was probably worth well in excess of £100,000.
To say he was surprised was an understatement, but his look of joy turned to concern at the prospect of submitting and obtaining planning, dealing with Architects and all the associated costs.
The benefit of working in this industry for the last 43 years enabled me to offer a tailor-made solution. We would market the land subject to planning. The successful buyer would obtain planning at their own expense, pay all legal costs, pay our professional fees and even erect a boundary fence.
After multiple offers, my client is moving forward with a well in excess of this initial guide price and is delighted. He can now even afford a brand-new greenhouse!
Why not let us provide a tailor-made solution for you in respect of your land potential. We will maximise your investment, remove the stress and in most cases our guidance will not even cost you a penny. It may however cost a cup of tea and a biscuit.
Please call me, Mike Hart, on 07977 595180 and let’s have a chat about how I can help you unleash the potential of your land.