On 17/02/2019 14:59, Mike Halmarack wrote:
On Sun, 17 Feb 2019 05:55:53 -0800 (PST),
wrote:

On Sunday, 17 February 2019 12:58:29 UTC, Mike Halmarack wrote:
My wife and I are 2 thirds of a trio living in a dilapidated cottage
with a large garden.

Greatest potential is likely to be if you can split the garden and create a building plot with outline planning permission for a new dwelling. That will depend a lot on whether access is available, as well as local planning policies.

My suggestion then would be to sell the building plot and wait until it's built on before selling your cottage. That way your buyer won't be inconvenienced or put off by the building process. Or sell your cottage + plot in one go, but with an uplift clause so you get some of the profit if the plot is developed within x years.

Otherwise, seriously look at demolishing the dilapidated cottage especially if you can then get 2 or 3 dwellings as semi or terraced house on the land. Then sell with o.p.p. for demolition and rebuilt and an uplift clause.

Owain

Owain, I like the way you go into this level of detail. I'm sure the
nuances of what you write make very specific points regarding the
formalities and legalities of planning permission.

I do wonder though, and hope, that we could opt for close to the
choice defined in the last line you write, without either physically
demolishing the cottage or including any clauses that delay
finalisation of the deal to a significantly later date.

Dont get involved in the build,. If dempolition and three luxury
apartments is what you can get planning for 90% of the value add is
achieved with the planning. Sell it en bloc, take the money and walk
away and let it all be someone else's problem.


That is, to sell the land with planning permission for several houses,
but leave all further details and work to any buyer/builder who
decides to purchase the land, without us incurring any significant
reduction of profit by doing so.


Yes that is best.

Over a year after I left the dilapidated cottage I was renting that was
sold to a developer to build two horrid houses in its rather nice
garden, the cottage is still for sale. I moved out because tehy
destroyed the kitchen and bathroom...it has been on the market unsold
for over a year.

You don't need hassle like that.


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