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Joint ventures on land in Llanelli

Before you agree a land joint venture on land near Llanelli, it helps to know exactly when you'd be paid, who carries the planning risk and how the price is set.

Joint ventures can be structured in different ways, from a land price plus a share of profit to a full partnership. We'll explain each so you can choose with your advisers.

  • Free appraisal and written offer
  • Figures explained, so you can check them
  • Independent advice encouraged

Tell us about your land

We'll check the title and planning, then call you.

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Free and no obligation. We're the buyer, so there's no commission.

Llanelli at a glance

Llanelli (SA15) sits in OS grid square SN50, some 13 miles south-east of Carmarthen. Sites between here and Burry Port or Pontarddulais are just as much of interest to us.

TownLlanelli
CountyDyfed
CountryWales
Postcode districtSA15
OS grid squareSN50
Nearest towns we coverBurry Port (4 mi), Gorseinon (5 mi), Pontarddulais (6 mi)
Distance from CarmarthenAbout 13 miles south-east
Planning systemPlanning Policy Wales and Local Development Plan
When you're paidOver time, as homes are built and sold
Planning costsShared or ours, as agreed
New homes under construction with scaffolding and roof trusses on a former field

When a land joint venture suits land near Llanelli

  • Landowners who want a share in development profit
  • Sites where we'd aim to build the homes ourselves
  • Owners comfortable sharing risk as well as reward
  • Land where affordable or social housing forms part of the scheme

If you'd like to see your land become homes, and stay involved while it happens, a joint venture may suit you.

What to check in a land joint venture

Structure

Land price plus profit share, a partnership or a company: each has different tax and legal effects.

Risk

You share in downside as well as upside, so independent advice is essential.

Exit

Agreements should say what happens if either side wants out.

Tax

Joint ventures can change how your proceeds are taxed, so take tax advice first.

Land near Llanelli that a land joint venture suits

Farmland and agricultural land in Llanelli

Lets farming families share in development over time.

Infill plots and gap sites in Llanelli

Possible for a pair of homes if you'd like a share.

Garage sites in Llanelli

Possible for larger courts.

Brownfield land in Llanelli

Worth discussing if you want to share in the regeneration value.

From first call to completion

  1. Tell us about your land

    Send the postcode or address and a rough size.

  2. We do the homework

    We read the title and planning record and check flood risk and access.

  3. You get a written offer

    With the main figures behind it, so your adviser can check it.

  4. The legal work

    Your solicitor and ours handle the contract through to completion.

Planning and legal points for land in Dyfed

Planning framework

Planning in Wales follows Planning Policy Wales, the national plan Future Wales and the Local Development Plan, prepared by the council or, in a national park, the park authority. When plans are reviewed, landowners can put land forward as a candidate site.

Tax on the sale

In Wales the buyer pays Land Transaction Tax rather than Stamp Duty. As the seller you may owe capital gains tax. Take advice from an accountant.

Awkward details we deal with

You're worried about the risk

You can limit risk through the structure, but not remove it. Take independent advice.

You want to keep part of the land

Joint ventures can cover just part of your holding.

Useful to send us

  • The address or postcode
  • A rough size, in acres or hectares
  • Details of any tenants or grazing agreements
  • Photos of the land and its access

What people ask us about a land joint venture

What is a land joint venture?

An agreement where you contribute land and we contribute funding, planning and construction, with proceeds shared on agreed terms.

Do I need separate advice?

Yes. You should have your own solicitor and tax adviser before entering a joint venture.

Can a joint venture include affordable homes?

Yes. Affordable and social housing can form part of a scheme, and we can talk through how it affects returns.

How do I get an offer for land in Llanelli?

Use the form on this page or call 0800 088 6248. Tell us the postcode, the rough size and anything you know about planning, and we'll come back to you.

Also near Llanelli

Other land types and routes

Get a straight answer about your land

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