To honour a family man’s last wishes and generate a high return.
With perseverance and a healthy dose of creativity, we turned derelict scrubland in Alveston on the South Gloucestershire GreenBelt into a valuable asset generating a regular monthly income for our client and creating an exciting project for us.
The path to getting planning permission is often a rocky one. So it’s no surprise that figuring out what to do with a plot of scrubland fraught with complex planning issues fell into the “we’ll sort it one day” category for the Gardner family.
Unfortunately for the owner, a local builder, this time never came after sadly falling ill and passing away. But before he died, we promised him and his family that we would persevere with the project and do our best to get the permission needed to turn the plot into profit.
Applying our usual tenacity and expertise, we worked hard to create the most robust case possible for planning. It was no easy feat for overgrown land not only in the South Gloucestershire Green Belt, but its only access was via a lane with no registered owner that served as a public Right-of-Way and bridleway!
We were undeterred, and finally, the news came that outline planning permissionwas granted. But then circumstances changed. The family we worked for decided that rather than wait until we had built the houses to cash in their asset, they would prefer to have their payment upfront. No problem. We recalculated the offer and agreed on a new price but not before we did some gentle probing into their change of heart.
We soon realised we could offer something much more competitive and lucrative.
Like many people, the Gardner family wanted to put their money to work sooner, investing it more traditionally in various financial products. Looking into the returns and risks of these products, we soon realised we could offer something much more competitive and lucrative. So we returned to the family with the same offer we gave our investors, only this time, we would pay interest monthly. The family would sell their property to us, and then reinvest the proceeds back into Landhaven in order to achieve this regular monthly income.
By investing their money in us to build homes, we could effectively pay a regular monthly income, far greater than market rates, for the builder’s widow. Plus, she could cash it in and get her entire capital sum back whenever she gave us notice to finish.
Low risk, regular income paying higher than market interest rates for our client. An exciting and rewarding project for us. Now that’s what we call a win-win!
The design and planning work is now well underway and the build is due to start in a few months time. Read more about how the Alveston Project is developing…
At Landhaven, our projects are based on strong design principles, quality craftsmanship, and unwavering respect for the environment and the local community. If you’re looking for collaborative property development opportunities that maximise potential and work well for all involved, get in touch.