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Selling land with planning permission

What could I expect to sell a level plot of land 23mtrs x 12mtrs with footings already laid and full planning permission for 2 town houses

Asked on Feb 28 2017, Selling in Chesterfield | Report content

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  • In relation to the value with planning, most preliminary investigations involve a "residual valuation", i.e. where the total costs of build plus an industry standard profit margin (20-25%) from the value of the completed project leaves a figure that represents the approximate land value. This figure will be anecdotal until more detailed investigations are undertaken as there can be a lot of variations based on spec, land condition, local market conditions etc.

    Answered on Mar 1 2017, Report content
  • There will be a market for a started new build plot. Ideally what has been carried out will need to of been signed off by Building control and any house warranty like NHBC. The value will be plot value, rather than a premium for works carried out to date, and maybe more suited to a cash buyer. Good Luck Owen 365 Property Buyer

    Answered on Mar 1 2017, Report content
  • Generally speaking you can expect to sell for about 30% to 40% of the gross development value (GDV) if you have planning permission. So if you had planning permission to build a house that would eventually sell on the open market for £100,000. The current value of the land with planning permission would be in the region of £30,000 to £40,000.

    Answered on Apr 15 2017, Report content

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