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Joint ventures on land in Blackwood

If you own land near Blackwood, you may be wondering whether a land joint venture would suit you. The answer depends on your land's planning prospects and how soon you want to be paid.

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
  • No pressure to decide
  • Independent advice encouraged

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Land around Blackwood

From Blackwood, it's 2 miles to Gelligaer and 6 miles to Risca. We buy land across that whole stretch of Gwent, not only within the town.

South-east Wales, from the Valleys towns to Newport and the Wye Valley National Landscape in Monmouthshire.

TownBlackwood
CountyGwent
CountryWales
Postcode districtNP12
OS grid squareST19
Nearest towns we coverGelligaer (2 mi), Risca (6 mi), Caerphilly (6 mi)
Distance from NewportAbout 11 miles north-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

When a land joint venture suits land near Blackwood

  • Families and estates with a long-term view
  • Owners comfortable sharing risk as well as reward
  • Sites suitable for phased delivery
  • Land where affordable or social housing forms part of the scheme

Some landowners want more than a price. A joint venture lets you share in the value of the finished homes, in return for waiting and accepting some risk.

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.

Control

Agreements set who decides what, and what happens if you disagree.

Exit

Agreements should say what happens if either side wants out.

From first call to completion

  1. Send us the address

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

  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. The legal work

    Your solicitor and ours handle the contract through to completion.

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

  • A rough size, in acres or hectares
  • A plan, or a screenshot from an online map
  • Your title number, if you know it
  • Details of any tenants or grazing agreements

Your questions answered

Do I have to put money in?

Not usually. Your contribution is normally the land itself.

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 Blackwood?

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.

Get a straight answer about your land

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