Consultancy assignment
One site, two consents: how to capture the value
- Type
- Residential
- Location
- North London
- Status
- Live
Client
A property owner.
Situation
The client owns a house with consent to convert it into three apartments, with land to the rear.
The decision
How to get the most from the house and the land behind it: sell them together, sell them separately, or build and keep.
Our role
We helped secure planning consent for four houses on the rear land, and are now running appraisals and advising on values and the best course of action.
Advice
The likely route is to sell the consented rear site separately, and to convert the house and let the apartments. Including the house in the sale of the rear site would not capture the most value.