Many homeowners are surprised to learn that garden land can sometimes attract interest from developers or self-build buyers. In the right location, even a relatively modest piece of land behind or beside an existing property may have development potential.
This does not necessarily mean building a large housing estate. In many cases, developers are simply looking for opportunities to build one or two houses within established residential areas. Larger gardens, side plots and land adjoining existing homes can all attract interest where the surrounding area and planning position are supportive.
One of the first things developers will consider is access. A plot may need direct access to a road or the ability to create one safely. In some situations, existing driveways, side access routes or nearby roads can provide a solution that a homeowner may not previously have considered. Access issues do not always rule a site out, but they are usually an important part of the assessment.
Location is also key. Garden plots within established residential areas or close to existing development are generally more attractive than isolated pieces of land. Developers will usually look at surrounding housing, local property values and whether the site sits within a settlement boundary or an area where additional housing may be supported.
The size and shape of the land can also make a difference. Not every garden will be suitable for development, but surprisingly small plots can sometimes work well for a single dwelling or a carefully designed scheme. Local developers and self-build buyers are often looking for smaller opportunities that larger housebuilders may overlook.
Planning permission is another important factor, although land does not always need existing consent to attract interest. Some buyers are willing to take on planning risk where they believe there is a reasonable prospect of success. In other cases, homeowners may prefer to explore the planning position themselves before deciding whether to market the land.
Many people also understandably worry about the impact on their existing home. Questions regarding privacy, outlook and future value are all important considerations. In some situations, retaining part of a large garden while selling a smaller section of land can provide a sensible balance.
At Landbank, we regularly speak with homeowners who simply want an informal opinion regarding whether part of their garden may have development potential. In many cases, people are not actively looking to sell and simply want to better understand the possibilities available to them.
If you own a large garden or adjoining land and would like an informal discussion, Landbank can provide a free, no obligation appraisal to help you better understand its possible development potential and value.
Photo by Robert Katzki on Unsplash