Joint ventures on land in Maesteg
If you own land near Maesteg, 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.
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.
- Free appraisal and written offer
- Figures explained, so you can check them
- No pressure to decide
Tell us about your land
Free, no-obligation appraisal.
Maesteg at a glance
Land around Maesteg falls under Wales's planning system. The closest towns we also cover are Briton Ferry, 7 miles away, and Neath, 7 miles away, and Rhondda is 10 miles away.
The South Wales Valleys and Bridgend, where former industrial land sits alongside upland farming.
| Town | Maesteg |
|---|---|
| County | Mid Glamorgan |
| Country | Wales |
| Postcode district | CF34 |
| OS grid square | SS89 |
| Nearest towns we cover | Briton Ferry (7 mi), Neath (7 mi), Bridgend (8 mi) |
| Distance from Rhondda | About 10 miles west |
| Planning system | Planning Policy Wales and Local Development Plan |
| When you're paid | Over time, as homes are built and sold |
| Planning costs | Shared or ours, as agreed |
Who a land joint venture works best for
- Landowners who want a share in development profit
- Families and estates with a long-term view
- Land with planning permission or a strong prospect
- Sites suitable for phased delivery
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.
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 Maesteg that a land joint venture suits
Paddocks and equestrian land in Maesteg
Suits owners of larger equestrian yards with redevelopment potential.
Building plots in Maesteg
Can suit owners who want to share in the home's sale price.
Garage sites in Maesteg
Possible for larger courts.
Redundant commercial and industrial land in Maesteg
Possible for larger sites.
What happens next
Send us the address
A postcode, a plan or a what3words location is enough to start.
We do the homework
We read the title and planning record and check flood risk and access.
You get a written offer
With the main figures behind it, so your adviser can check it.
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 want to keep part of the land
Joint ventures can cover just part of your holding.
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
- Photos of the land and its access
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.
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 Maesteg?
Yes. Villages between Maesteg, Briton Ferry and Neath often have the kind of edge-of-settlement land we're looking for.
Other land in Maesteg
- Development land
- Land with planning permission
- Land without planning permission
- Large strategic sites
- 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 Maesteg
- Joint ventures in Mid Glamorgan
Find out what we'd pay for your land near Maesteg
A free appraisal tells you what we'd pay and why.