If you have a piece of land that you don’t know what to do with, consider a quick cash sale. We can assess your land’s potential and make a cash offer within 24 hours. It’s free and there’s no pressure to accept. We’ve bought land from farmers, developers, and individuals who no longer want their land.
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How Could Selling Your Land Help You?
Owning land can often feel like just having a piece of paper, but we specialise in helping landowners unlock the value of their assets. You might already have plans for the capital you gain from this!
Selling land may be prompted by various reasons, such as:
- relocating abroad,
- using the funds to pay off your primary home’s mortgage,
- enjoying retirement with more disposable income,
- providing financial support to family and friends
- It could also be used to take extended breaks or more frequent holidays.
How to sell your land Quickly?
When it comes to exiting a land investment, here are potential scenarios:
selling land without planning permission
The first option to consider is selling without planning permission. This is usually the quickest way to sell your land but bear in mind that it may not be valued as highly as a plot with planning permission.
That’s because the buyer is investing in land they hope to get planning permission for rather than land that already has it.
The value of your land, whether it has planning permission or not, is influenced by several factors that determine the buyer’s willingness to pay for it. These factors include:
- The potential for development on your land.
- The estimated value of the potential development.
- The cost of constructing the potential development on your land.
- The potential profit your land could yield.
Even if you think planning permission is likely to be granted, there are still risks for the buyer. This means they will usually offer a price somewhere between the land’s current value and its value with permission.
That said, there are still advantages to selling land without planning permission. Getting planning permission can be expensive and take a long time, so if you want to sell quickly, this may be your best option.
Selling land with planning permission
Your second option is to sell your land with planning permission. This offers several benefits, the two main being you have more control over what happens to the land after it’s sold, and it increases its value by reducing risk.
The best way to do this is to apply for outline planning permission. This approves the development in principle but allows some specifics – such as the design and style of the homes – to be determined later.
This flexibility often boosts interest in the plot, making it more attractive to buyers. You can apply for outline planning permission or allow the developer to apply for a detailed planning application.
Selling land subject to planning basis
If you don’t have the time or the expertise, you can opt for a conditional sale of the land.
Selling your land to a buyer who first secures planning permission. This option is often preferred as it allows you to reap the benefits of planning permission without having to finance it yourself.
When selling land, offering a conditional contract can help mitigate the risk for the buyer. This involves securing planning permission before purchasing, which reduces uncertainty for the buyer. As a result, they are willing to pay more, benefiting the seller financially. It can take some time to prepare and get approval for the planning permission, which means this sale can also take some time before the sale is finalised.
As a result, you may also find the buyer is willing to pay more for your land. However, it’s important to remember that the planning permission process takes time, so if a speedy sale is desired, selling on a ‘subject to planning’ basis may not be ideal.
Overage clause or restrictive covenants will have a bearing on the final valuation, and may make it difficult to sell.
If I want planning permission, how do I get it?
Applying for planning permission can be a difficult, lengthy, and costly endeavour – especially when selling a large piece of land.
The first step is to submit your application to your local authority. The best-case scenario for a small application is receiving approval in 8 weeks.
For applications with more than 10 units, the process can take a minimum of 13 weeks. However, the whole process can take more than 18 months.
If you anticipate a potential refusal, it is best to withdraw the application and start again. Postponing the response and then making necessary changes only prolongs the process.
What happens once I have planning permission?
Once you have obtained planning permission, it’s time to value your land before you list it for sale. Various factors will affect its value, so to get an idea of how much your land could be worth, it’s best to do some research.
This will help you to determine an approximate value for your land and give you an idea of how much to list it for.
You can get a mortgage against the land to build out the properties yourself. However, development finance, such as a bridging loan, is a very expensive form of lending, charging a typical 1% interest per month!
What factors affect the value of your land?
Selling your land to a developer can be tricky when determining its value. Unlike vehicles that lose value over time, land doesn’t follow the same depreciation rules. However, before getting too excited about the prospect of making more money, certain factors can affect the value of your land.
Selling land to a developer isn’t as straightforward as determining the value of other assets that depreciate over time. Land prices have been on the rise and are expected to continue growing. Nevertheless, several factors can impact the value of your land:
Location of plot
When selling land in the UK, it’s important to evaluate the local housing market. This should include looking at prices in the county or town, as well as the differences between the North and South. You can also use the HM Land Registry for regional pricing data.
Local amenities
Before a developer bids on your land, they will assess the local surroundings and available amenities for potential home buyers.
The proximity of supermarkets, shopping centers, medical facilities, schools, and dentists will impact the value of your land and the subsequent sale price of properties built by a developer.
Conversely, if limited nearby amenities and infrastructure constrain your land, developers are unlikely to offer top prices due to a limited return on investment.
Transport links
A plot of land in an area with good transport links commands a higher price. Whether it’s well-connected roads or proximity to a train station or bus stop, easy mobility is a sought-after feature for residents, leading to higher property prices.
As a result, developers are willing to pay top dollar for such land, as they anticipate a higher return on investment.
How Does Sell Land Fast Service Work?
Property Saviour is different from other property-buying companies because we don’t just focus on residential properties. We also buy land and can provide funds for your land as quickly as we can for those selling houses. You won’t have to wait for your money if you use our quick land-buying service.
We usually prefer brown belt land. We can also help with purchasing green belt land. Options may be limited with the latter, but we will always find a way to assist. Whether it’s land with planning granted, planning pending, or sites with contamination, we can help you sell your land fast!
We understand the importance of selling quickly and are here to provide the assistance you need to make that happen.
With our expertise and knowledge, we can help you get the results you are looking for in no time.
Property Saviour Price Promise
- The price we’ll offer is the price that you will receive with no hidden deductions.
- Be careful with ‘cash buyers’ who require a valuation needed for a mortgage or bridging loan.
- These valuations or surveys result in delays and price reductions later on.
- We are cash buyers. There are no surveys.
- We always provide proof of funds with every formal offer issued.
We'll Pay £1,500 Towards Your Legal Fees
- No long exclusivity agreement to sign because we are the buyers.
- You are welcome to use your own solicitor.
- If you don’t have one, we can ask our solicitors for recommendations.
- We share our solicitor’s details and issue a Memorandum of Sale.
Sell With Certainty & Speed
- Our approach is transparent and ethical, which is why sellers trust us.
- 100% Discretion guaranteed.
- If you have another buyer, you can put us in a contracts race to see who completes first.
- Complete in 10 days or at a timescale that works for you. You are in control.
