Joint ventures on land in Letchworth Garden City
If you own land in or around Letchworth Garden City, joint ventures is one of four ways you can sell it to us. Here's how it works and when it makes sense.
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.
- Free appraisal and written offer
- No commission: we're the buyer
- Independent advice encouraged
Selling land near Letchworth Garden City?
Send the postcode and a rough size.
Where Letchworth Garden City sits
Land around Letchworth Garden City falls under England's planning system. The closest towns we also cover are Hitchin, 3 miles away, and Henlow, 4 miles away, and Watford is 24 miles away.
Most of the county is Metropolitan Green Belt, which makes land with genuine development prospects scarce and keenly contested.
| Town | Letchworth Garden City |
|---|---|
| County | Hertfordshire |
| Country | England |
| Postcode district | SG6 |
| OS grid square | TL23 |
| Nearest towns we cover | Hitchin (3 mi), Henlow (4 mi), Stevenage (5 mi) |
| Distance from Watford | About 24 miles north |
| Planning system | National Planning Policy Framework and local plan |
| When you're paid | Over time, as homes are built and sold |
| Planning costs | Shared or ours, as agreed |
When a land joint venture suits land near Letchworth Garden City
- Landowners who want a share in development profit
- Sites where we'd aim to build the homes ourselves
- Land with planning permission or a strong prospect
- Owners comfortable sharing risk as well as reward
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
Timing
Returns arrive as homes sell, which can take years.
Control
Agreements set who decides what, and what happens if you disagree.
Land value
How your land is valued going into the venture matters.
Tax
Joint ventures can change how your proceeds are taxed, so take tax advice first.
Land near Letchworth Garden City that a land joint venture suits
Land without planning permission in Letchworth Garden City
You keep a stake and share in the value planning creates.
Paddocks and equestrian land in Letchworth Garden City
Suits owners of larger equestrian yards with redevelopment potential.
Barns and rural buildings in Letchworth Garden City
Worth considering for a larger yard you'd like to see developed well.
Small sites in Letchworth Garden City
Can suit owners who'd like to share in the homes' sale value.
How a sale works
Tell us about your land
Send the postcode or address and a rough size.
We do the homework
We read the title and planning record and check flood risk and access.
We put an offer in writing
It shows how we got there. There's no obligation to accept.
Solicitors complete the sale
Exchange and complete, or exchange now and complete when planning is granted.
What England's rules mean for your land
Planning framework
Planning decisions in England follow the National Planning Policy Framework, revised in August 2026, and the local plan, prepared by the council or, in a national park, the park authority. Plans are reviewed periodically, which is when new housing sites are usually allocated.
Tax on the sale
The buyer pays Stamp Duty Land Tax. As the seller you may owe capital gains tax, and some commercial land carries VAT. Take advice from an accountant.
Common problems, and how we handle them
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
- 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 have to put money in?
Not usually. Your contribution is normally the land itself.
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 you cover the villages around Letchworth Garden City?
Yes. Villages between Letchworth Garden City, Hitchin and Henlow often have the kind of edge-of-settlement land we're looking for.
Other land in Letchworth Garden City
- Development land
- Land with planning permission
- Land without planning permission
- Large strategic sites
- Green belt and grey belt land
- Land for affordable homes
- Farmland and agricultural land
- Paddocks and equestrian land
- Barns and rural buildings
- Building plots
- Garden land and backland
- Infill plots and gap sites
- Small sites
- Garage sites
- Brownfield land
- Redundant commercial and industrial land
- Inherited and probate land
- Landlocked land and access problems
- Outright purchase
- Subject-to-planning sale
- Option agreements
- All land in Letchworth Garden City
- Joint ventures in Hertfordshire
Ready to talk about your land in Letchworth Garden City?
Call 0800 088 6248 or send the details. There's no obligation.