Joint ventures on land in Penarth
If you own land in or around Penarth, 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
- No pressure to decide
Tell us about your land
Send the postcode and a rough size.
Penarth at a glance
The land we're most interested in near Penarth sits on the edge of the built-up area or in the villages towards Dinas Powys (2 miles) and Cardiff (3 miles).
| Town | Penarth |
|---|---|
| County | South Glamorgan |
| Country | Wales |
| Postcode district | CF64 |
| OS grid square | ST17 |
| Nearest towns we cover | Dinas Powys (2 mi), Cardiff (3 mi), Llandaff (4 mi) |
| Distance from Cardiff | About 3 miles south |
| 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
- Sites where we'd aim to build the homes ourselves
- Land with planning permission or a strong prospect
- 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.
The terms that matter
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.
Tax
Joint ventures can change how your proceeds are taxed, so take tax advice first.
Land near Penarth that a land joint venture suits
Land without planning permission in Penarth
You keep a stake and share in the value planning creates.
Large strategic sites in Penarth
Lets you share in the development value if you can wait for it.
Paddocks and equestrian land in Penarth
Suits owners of larger equestrian yards with redevelopment potential.
Brownfield land in Penarth
Worth discussing if you want to share in the regeneration value.
How a sale works
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.
Planning and legal points for land in South Glamorgan
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
- The address or postcode
- Your title number, if you know it
- 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 have to put money in?
Not usually. Your contribution is normally the land itself.
Do you cover the villages around Penarth?
Yes. Villages between Penarth, Dinas Powys and Cardiff often have the kind of edge-of-settlement land we're looking for.
Nearby towns
More land we buy in Penarth
- 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 Penarth
- Joint ventures in South Glamorgan
Ready to talk about your land in Penarth?
A free appraisal tells you what we'd pay and why.