With the demand for housing in West Berkshire greater than ever, a garden with development potential could mean you’re sitting on a pot of gold.
Selling part of your garden to a self-builder or small local developer can offer financial security for the future, appealing to younger homeowners looking to reduce their outgoings and potentially enabling older homeowners to release some equity without the need to move.
Of course, if it were that easy then we wouldn’t have a housing crisis!
Here are some signs your garden has potential for development:
1. It’s a large plot – Your garden is big enough to comfortably fit in a house in keeping with others on the street.
2. Privacy – If your garden doesn’t suffer from being overlooked by neighbouring properties, it could be a good plot for development.
3. A lack of trees – If your garden is an open plot with few trees or trees that aren’t covered by a tree preservation order.
4. Good access and parking – The best garden development plots have direct access to roads.
5. A lack of wildlife – Protected species like bats, newts or other reptiles can be an issue for some garden plot developments.
Lots of factors will affect how much your garden land is worth to a developer, including:
• The value of your property
• The size and condition of the plot
• Whether or not you already have planning permission for the garden land
• Access and services to the plot
If you would like to find out if your garden offers an opportunity for development, Downer & Co are well placed to advise.
Claire Quinn, who has been newly appointed to our Land and Development department will be very happy to talk to you about your property and its development potential.
Call 01635 523777 or email clairequinn@downer.co.uk
