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Should I sell with planning permission in place?

 
 
 
 
  16 Sep 2019

We are all looking for that one thing that will make our property stand out from the crowd. While many jump to the obvious of making sure their property is well maintained and decorated, there is one aspect that often boosts enquiry levels, encourages a quicker sale and potentially increases the value of a property by 10%. The secret? Selling a property with planning permission already granted.

Tapping in to an army of amateur architects

Television programmes such as Grand Designs and George Clarke’s Amazing Spaces have helped bring astounding architecture and innovative building into the spotlight. As a result, an increasing number of buyers are actively looking for properties where there is scope to extend or remodel.

While we often see ‘potential to extend STPP’ on property listings (STPP – subject to planning permission), this suggestion of promise comes with no guarantees. A home sold with planning permission granted, on the other hand, offers buyers assurance. This single factor can prove irresistible for purchasers looking to put their own stamp on a property, and it also attracts those who can’t afford a bigger home at present but feel they will be able to afford an extension later on. Jezzards would be happy to provide you with relevant analysis to help you make a decision, comparing the sold values of un-extended verses extended properties similar to yours.

It’s all in the planning

Your first step is establishing whether your property is suitable for reconfiguration or enlargement. If neighbouring properties have already been altered or you’re pretty certain your property could be extended or remodelled, you will need an architect’s advice and their skills in drawing up plans before applying for planning permission. You’ll also have to pay your local authority for submitting the application. On average, it takes around 12 weeks for a decision to be made, so factor this in to your selling process.

Adding the most appealing facets

If you’re determined to add value and appeal, you will need advice on what alterations are most desirable where you live. There are several UK-wide surveys that show a loft conversion tops the list of value-adding extensions, closely followed by an extra bathroom or kitchen. In terms of investment, however, conservatories have come out as winning additions. Jezzards can offer professional and tailored advice in this area, helping you to work out what is right for your property.

Ensuring the price is right

Sellers need to be mindful of what similar, already extended properties in the area are selling for, as there will be a ceiling limit of what people will pay – planning permission granted or not. Jezzards will use current and historic values – as well as our in-depth knowledge of property types and buying audiences – to accurately value a property with planning permission granted.

Permitted development versus planning permission

Permitted development is a set of policies that give homeowners greater freedom when enlarging their property, allowing them to make alterations without the need for full planning permission. It is worth checking with an architect, builder or local planning authority as to whether your plans are allowed under permitted development, as this could potentially negate your added value or point-of-difference. Some initial guidance on permitted development and planning permission can be found here.

Selling a property with planning permission granted could be the incentive purchasers need to make an enquiry; book a viewing or event put forward a serious offer. If this is an idea you would like to explore before selling, contact Jezzards for further advice and information on 03330 433 633.


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Jezzards Estate Agents



 

 

Jezzards properties Hampton

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