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Joint ventures on land in Tenby

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

A land joint venture is an arrangement where the landowner contributes the land and a developer contributes funding, planning and building, with the proceeds shared in an agreed way. It can produce the most value for the landowner, but it takes longer and carries more risk than a sale.

  • Figures explained, so you can check them
  • Independent advice encouraged
  • Clear terms in writing

Tell us about your land

Free, no-obligation appraisal.

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Where Tenby sits

Land around Tenby falls under Wales's planning system. The closest towns we also cover are Pembroke Dock, 10 miles away, and Milford Haven, 14 miles away, and Carmarthen is 21 miles away.

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

TownTenby
CountyDyfed
CountryWales
Postcode districtSA70
OS grid squareSN10
Nearest towns we coverPembroke Dock (10 mi), Milford Haven (14 mi), Haverfordwest (14 mi)
Distance from CarmarthenAbout 21 miles south-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

Is a land joint venture right for your land?

  • Families and estates with a long-term view
  • 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.

Land value

How your land is valued going into the venture matters.

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 Tenby that a land joint venture suits

Land with planning permission in Tenby

An option if you would like a share of the profit from building the homes.

Barns and rural buildings in Tenby

Worth considering for a larger yard you'd like to see developed well.

Small sites in Tenby

Can suit owners who'd like to share in the homes' sale value.

Brownfield land in Tenby

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

What happens next

  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. We put an offer in writing

    It shows how we got there. There's no obligation to accept.

  4. Solicitors complete the sale

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

Rules that apply in Wales

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

  • The address or postcode
  • Any planning applications or letters
  • Details of any tenants or grazing agreements
  • How soon you'd ideally like to sell

Your questions answered

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.

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.

Do I need separate advice?

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

Do you cover the villages around Tenby?

Yes. Villages between Tenby, Pembroke Dock and Milford Haven often have the kind of edge-of-settlement land we're looking for.

Joint ventures near Tenby

Other land in Tenby

Get a straight answer about your land

Call 0800 088 6248 or send the details. There's no obligation.

Get an offerCall 0800 088 6248