While there are many tips for getting the most out of your sale, adding planning permission might just be the best industry secret.
-Not only can it make a significant impact on your house price, but it is also a relatively cheap and painless process *if you are patient ( 𝚜𝚑𝚛𝚘𝚙𝚜𝚑𝚒𝚛𝚎 𝚌𝚘𝚞𝚗𝚌𝚒𝚕 )
Adding planning permission to your home will typically increase its market worth However, how much value this equates to can depend on a number of things.
Such as…
•What kind of property it is; land, house, commercial space or other
•Where the property is located
•What kind of work is covered by the permission
•Whether the permission adds extra usable floor space
•When the permission was granted – planning permission expires, although it can be reapplied for.
•The type of permission obtained: Change of use, Listed Building, Conservation Area consent etc…
Even if the planning permission has expired or was for a different scheme the principle of permission has been established. This can make a new or revised application more acceptable. Of course, local planning policy could have changed and may now negate the lapsed permission. Usually, though there is still a good argument to be made for new consent, depending on the proposal.
It’s difficult to accurately attach what uplift planning permission adds on average, as for many homeowners, the goal to planning permission might be as simple as reaching the asking price. Perhaps even to just get close.
Should I sell land without planning permission?
In most cases the answer is definitely no. If you have land which you think has the potential to be built upon you should approach an architect and consider getting planning permission. The initial cost of planning permission will be outweighed by the uplift in value. There is of course the risk that you won’t succeed. But a good architect should be able to advise on this in the early stages before you invest too much.
The only thing that can be said for certain, no house price has ever suffered due to added planning permission.
Speak soon, Daniel
