Project summary
- Davidsons Homes gained planning permission for up to 55 dwellings in Stoke Golding, Leicestershire.
- The site was secured under an option agreement that required negotiation on the market value on behalf of the landowner.
Solution
- Fisher German provided expert advice on valuation and negotiation of the option agreement with Davidsons Homes.
- We had recently gained offers on another parcel of residential development land in the same settlement and therefore could provide comparable evidence on recent land sales to negotiate a higher land value on behalf of our client.
- We advised that the landowner instruct a Quantity Surveyor to assist in negotiating the developers cost assumptions with the development appraisal provided.
Benefits
- We achieve a purchase price in excess of the landowners expectations due to our excellent local knowledge.
- Completion happened quickly after agreement of the price.
- We later agreed another option with Davidsons Homes over the same landowners retained land adjacent to the site as the landowner was so pleased with the outcome.
