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Joint ventures on land in Pembroke Dock

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

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

  • No commission: we're the buyer
  • Figures explained, so you can check them
  • Independent advice encouraged

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Land around Pembroke Dock

From Pembroke Dock, it's 4 miles to Milford Haven and 8 miles to Haverfordwest. We buy land across that whole stretch of Dyfed, not only within the town.

South-west Wales: Carmarthenshire, Ceredigion and Pembrokeshire, including the Pembrokeshire Coast National Park.

TownPembroke Dock
CountyDyfed
CountryWales
Postcode districtSA72
OS grid squareSM90
Nearest towns we coverMilford Haven (4 mi), Haverfordwest (8 mi), Tenby (10 mi)
Distance from CarmarthenAbout 29 miles west
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

Who a land joint venture works best for

  • 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

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.

The terms that matter

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.

Timing

Returns arrive as homes sell, which can take years.

Land value

How your land is valued going into the venture matters.

From first call to completion

  1. Send us the address

    A postcode, a plan or a what3words location is enough to start.

  2. We check it properly

    Title, planning history, access, flood maps and local policy.

  3. You get a written offer

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

  4. Solicitors complete the sale

    Exchange and complete, or exchange now and complete when planning is granted.

What Wales's rules mean for your land

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.

When the land isn't straightforward

You're not sure you can afford to wait

Many structures pay part of the land value up front, with the rest as homes sell.

You're worried about the risk

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

Useful to send us

  • A rough size, in acres or hectares
  • A plan, or a screenshot from an online map
  • Any planning applications or letters
  • How soon you'd ideally like to sell

Your questions answered

Is a joint venture better than selling?

It can pay more, but you wait longer and share the risk. It suits some owners and not others.

What happens if the homes sell for less than expected?

Depending on the structure, your share may fall. That's the risk you take in return for sharing upside.

Do I need separate advice?

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

Can you visit land near Pembroke Dock?

Yes. Once we've looked at the title and planning position, we arrange a site visit if the land looks suitable. Send the address or postcode to start.

Find out what we'd pay for your land near Pembroke Dock

A free appraisal tells you what we'd pay and why.