Could your garden offer you the financial security we all strive for?

Tue 24 Jul 2018

Could your garden offer you the financial security we all strive for?

I’m not suggesting you start digging it up in search of treasure, oil or a similar source of a windfall. No, it’s much less dramatic and easier than that – if you have a large garden it could have developmental potential worth hundreds of thousands of pounds.

Selling off part of your garden for development is often seen as unthinkable – until you ask the question. What if you received a letter alerting you to “an opportunity available” due to the size of your garden and its potential, would you really toss it straight in the bin without a second thought?

An increasing number of people across Cambridgeshire are realising that selling off part of their garden actually isn’t the property equivalent of selling their souls - far from it. Selling part of your garden off to a property developer often secures your financial future, and also means that you don’t even have to move to enjoy the benefits of an unexpected lump sum.

The best part? If we are talking about your principal home, the gain from selling your garden is tax free.

You may be wondering - if you went ahead would you become the neighbour pariah? Imagine inviting the neighbours around for drinks and then gin and tonic in hand murmuring “by the way I’m thinking of having several houses built in my garden”…

Cue a potentially very awkward silence.

However, what if you said “Did you know, we might be sitting on a gold mine? If we got together we could parcel up a development site and collect £100,000 each. We could call the tune, put up discreet hoardings and take a warm weather cruise while the building work is going on. Shall we find out about it?”

Sounds slightly easier to digest now doesn’t it?

But how do you find out if your garden offers an opportunity to change yours, and your neighbours lives for the better? Easy. Simply give Lovett Land & New Homes a call. We’re exclusive local members of the Land & New Homes Network which has a partnership of experienced agents across the UK specialising in the development potential of gardens, commercial units and plots of previously unused land.

But how much is part of my garden actually worth?

Land prices are established by understanding what will get planning permission, how much will any

properties-built sell for and how many units will get built. Developers will work back from the sale price of the houses they propose to build, deducting all likely costs and their profit to determine a figure they are prepared to pay for your site. Therefore, developers offer different amounts as they will all have different ideas on how to maximise the potential of the land. This is an area that we have extensive experience in and can help you get the best price.

Finally beware of land scouts who are keen to take an option on the land without being specific about what will be built or when. These options can make the house unsaleable.

If you’ve gone this far down the road into looking into your garden’s development potential, you should get expert advice from a Land & New Homes Network agency like us to make sure you are considering a specific contract covering every detail including the when by date for when an application will be submitted.

This must then be picked over by a solicitor who is an expert in property law and not just the local conveyancing solicitor.

There’s a lot to consider, but it’s a genuinely potentially life changing move when carried out professionally.And we’re here to help so if you have a large garden which you think has developmental potential please give us a call on 01480 218200 for a totally confidential, informal and no obligation conversation.

"I've used Lovett for 12 years to let several different properties and have always found them to be exceptionally good at the letting business. Excellent customer service from Anthony and team."
Pervaz Akhtar

News Archive

October 2018

Self managing? How evicting a tenant could fail spectacularly

September 2018

How we handle the three D’s – Death, Divorce & Debt

August 2018

First time buyers outstrip movers for first time in 23 years

July 2018

Could your garden offer you the financial security we all strive for?

What does the profile of a modern landlord now look like?

The top 4 things that put off UK homebuyers on viewings

House sale failures in the UK fell from record high in first quarter of 2018

What are the property improvements that give the best and worst returns?

Five year mandatory electrical checks for all private rental homes

May 2018

We’ve been selected to join an exclusive national Land and New Homes Network

Your rights for inspecting or viewing a property as a landlord

April 2018

A further 1,020 new homes approved for St Neots

Your Latest UK House Price News

Local Property Market Update - Sales

St Neots Lettings Market News

March 2018

Conveyancing: Understanding the legal guff when it comes to selling your home

St Neots gets the green light for 2,800 new homes

Why clutter can cost you thousands and what to do about it in three steps

We've joined Trustpilot - and already 5-star rated!

Lovett partners with industry giant Mick George Ltd

February 2018

Small details big picture

A recipe for success: smarten up your kitchen

January 2018

How to calculate rental yields

Houzz about this for a fantastic property design resource?

What does 2018 have in store for the housing market?

New year, new you...new HOME?

December 2017

Our Sales Team outperforms UK agents on achieving asking price

Our Christmas Opening Hours and Emergency Contact

November 2017

The 7 key things to look for when choosing an Estate Agent

The Budget: What it means for the property industry

Guest blog: Could first time buyers be set for a Stamp Duty cut?

Our Anne calls time on a great career!

St Neots Property Prices: The Lowdown

Interest rate increase

October 2017

Don’t be haunted by ghost gazumping

'It was like a pig sty'

Are Landlords unprepared for the ban?

They came and ate cake!

Landlord open evening, October 2017: Open to all

September 2017

Interest rates remain the same – but a future increase is coming

Average rents surge to a new high for 2017

I’m not Willy Wonka and Lovett’s isn’t a chocolate factory

Guest blog: How to identify smoke damage in your rental property

One thing you shouldn’t do when the price isn’t right

August 2017

The Great Outdoors has a big impact on a property’s value

What's happening with House Prices in St Neots?

Beat the Back to School Rush

Life onboard a dragonboat

Resolving Deposit Disputes With Tenants

July 2017

How to calculate rental yields

Ask The Expert: 'I am currently in a fixed rate mortgage, is it worth swapping mortgage deals as the rates are much lower?"

We're proud to be sponsoring the St Neots Community Awards 2017

Landlords and tenants in the St Neots area: How will the upcoming ban on tenant fees affect you?

The rise of retired renters

June 2017

Queen confirms tenant fees ban

UK rents fall for the first time in 8 years

Property Market Update, June - In Numbers

The Election and the Private Rented Sector: In brief

Guest Blog: Buy-to-let market hit by new reforms

May 2017

Looking after your money

Guest Blog: Bank of Mum and Dad Gets into the Top Ten UK Mortgage Lenders

Corporate golf day raises thousands for local charity

April 2017

Property Market Update – April 2017

Record Low Rate Launched on New Mortgage Product

Lovett's Support Dragon Boat Juniors

UK Lettings market starts to cool - but Cambridgeshire remains strong!

In Brief: 60 Seconds With.......Katie Williams, St Neots Town Centre Manager

Lovett partners with St Neots' first dedicated FM radio station

Top 5: Local Easter Egg Hunts This Weekend!

March 2017

Letting agents celebrate new protection for landlords and tenants

When is the best time to sell your property?

Guest Blog: Are you a buy-to-let mortgage prisoner?

Imminent changes to tax relief for residential landlords: In Brief

Landlords: Prepare early for EPC regulations changes

February 2017

Buy To Let Mortgages Hit Record Low

Home Repossessions Down in 2016 – But Will the Downward Trend Continue?

House Prices Surge In East of England

Government Announces New Housing White Paper

January 2017

Online Vs Traditional – The Battle Continues

2017: Property market predictions and trends

We smash our 2016 MacMillan Business Champions fundraising target

Keeping it in the family: Lovett MD passes on baton to his son

December 2016

Rents rocket across East Anglia as it closes gap on London

The Sales Property Market in PE19, 2015-16

Forecasting the Property Market: The Next 5 Years...

Autumn Statement - Chancellor Focuses On Housing

November 2016

Proposed Ban Of Tenant Letting Fees

October 2016

Sales Market Update - November 2016

Lettings Market Update - November 2016

Looking For An Investment Property?

Lovett's In The Community

Property Market Update – October 2016

Coffee Morning Is A Piece Of Cake!

Lovett Ringing The Changes!

September 2016

Download our free guide to selling your home in Cambs

Back to School - How Catchment Areas Shape Our Buying and Selling Habits

Property Sales Market Update – September 2016

New Government Landlord Tax Changes: In Summary

August 2016

Lovett At The Dragonboat Festival

August Property Market Update - Nationally and Locally

First Time Buyers Paying A Higher Price?

Our Charity Cycle Ride Raises Thousands For Local Charity

June 2016

**COMPETITION TIME**

July Property Market Update – Post Brexit

David’s Top 5 Tips……Preparing Your Home For Viewings!

Lovett's at Lettings Agent of the Year Awards

May 2016

May Property Market Update

Fancy New-Build Waterside Living From Just £159,995?

Our Rent Pledge Proving a Firm Favourite

Lovett’s Use Pedal Power for Woodlands Fundraiser

BREXIT: What now for the property market?

March 2016

Let Them Eat Cake!

February 2016

Right to Rent Legislation - We've Got It Covered

January 2016

West Cambs Set For Further Capital Growth

December 2015

Chancellor Announces Stamp Duty Hike for Property Investors

November 2015

Buy-to-Let Landlords Evening

October 2015

Bank of England To Curb Buy-To-Let Lending?

Recognition for 30+ Years As Local Property Experts

Dragonboat Success for Lovett Crew!

August 2015

Our Top 5 Local Spots for Summertime Drinks!

Advice For Concerned Kirby Landlords/Tenants

July 2015

Local Lettings Market Goes From Strength to Strength

June 2015

We Partner with Auction House

Professional Lettings Agents unite for SAFEagent Awareness Week 2015

May 2015

OnTheMarket.com announces 10million visits in 3 months

April 2015

The Sales Process

St Neots RUFC Festival of Rugby, 24th - 26th April

NEWS: Stamp Duty Overview

BLOG POST: The First 40 Years Are The Hardest.......

Welcome To Our Brand New Website!