Frequently Asked Questions
What does a typical investment in land cost?
That depends very much on the location and the size of the plot concerned. It’s not possible to give an average price as each land parcel is priced according to its acquisition cost, and the number of plots it contains. One of our consultants will provide complete details and prices.
When can I expect to see a profit?
Investing in the plots of land we offer to our clients is not a get rich quick scheme. We believe that your view should be medium to long term. The initial objective is to have the site included in the local authority’s Local Development Framework. At that point the site and the plots within become very attractive to developers etc. Remember however that there is no guarantee that re-zoning will take place.
Can I use the land, while it is awaiting re-zoning?
Of course, the land is yours. Within the existing planning category for the land you can use it how you wish. Bear in mind that there will be a covenant you agree to when buying a plot from Perimeter not to do anything with the land which would adversely affect its value.
Can I buy more than one plot on a site?
You can buy as many as we have available. We do suggest however that as a land investor you should buy plots on multiple sites. That way, you are spreading your risk. With a geographically spread portfolio of plots, you give your investment a better chance of profit.
Do I face any other costs apart from the purchase price?
No, all fees are included. However you will have to pay a solicitor’s legal fees if you choose not to use our transfer company.
What security do I have if I buy land from you?
When the purchase goes through, it is notified to the Land Registry which provides you with title deeds proving your ownership. From that point on, you are the registered owner of that plot of land, and it is yours to do with as you wish, subject only to any conditions (covenants) which are included in the terms of sale, and to local planning and usage conditions.
What is involved in getting planning permission?
In essence the process is simple, but in reality it can be complex. Perimeter Land and its associated acquisitions companies will seek planning permission for the portion of the site it retains, and we’ll do that with a proposal that provides access, utilities and facilities for further developments on the sites owned by our customers. If our customers want to apply for permission themselves, they are best advised to use a planning specialist who understands the process. For regulatory reasons we are unable to submit a joint application with our customers or collectively on their behalf.
Can I apply for planning permission to build a property of my own on the site?
Yes, you have complete control of your plot, although you should be aware that a planning application in relation to a single plot is unlikely to be successful. Please note that Perimeter will not apply for planning permission on your behalf (either in relation to your plot or the site as a whole).
Is getting planning permission necessary to make a profit?
No.When re-zoning or planning permission has been granted for one part of the site, it may be possible to market another plot on the site to a developer, without planning permission. Developers may be prepared to pay a premium for the plots, on the basis that they anticipate getting planning permission themselves. Even without planning permission, the value of Greenfield land tends to rise long-term.
Can Perimeter help me sell my plot?
Not something we usually do however if we have other clients who express an interest in your site we may be able to help.
What is the likelihood of a return?
We employ a team of experts who carefully research any site before we purchase it. Remember it is not in our interests to invest in land that we do not believe has a very good chance of being re-zoned, as we, with our acquisition company retain up to a 30%of each site.