Garden plot joint ventures in Penzance

Looking at a long garden in Penzance, you may want more than a price for the land. If you’d like to share in what gets built, or take one of the new homes for your family, a joint venture may suit you.

In the usual structure you contribute the plot and we fund the rest, as agreed in writing: surveys, design, planning, building control, construction and sale. Your return depends on the result, so it isn’t fixed in the way a sale price is, and the build takes time. We explain the trade-offs plainly at the free appraisal, alongside a simple sale.

Modern new home with timber cladding at the end of a long garden at dusk, lights on inside
Planning authority
Cornwall Council
Postcodes
TR18, TR20
Noon sun, 21 March
About 40°
Shadow from a 5 m eaves line
About 6.0 m
Planning plan
Local Plan
County
Cornwall

The local picture in Penzance

Every joint venture on a garden in Penzance depends on planning permission from Cornwall Council, and that starts with the council’s Local Plan. We read its policies on garden land, design and parking before proposing terms, and we look at how the council has decided similar plots nearby.

If the policies are against a plot, a joint venture would only add delay, so we say so early. If they support it, we design the scheme to answer them directly and agree with you the points that affect your own home, such as window positions facing your house.

Section showing noon sun and shadows in Penzance: about 40 degrees on 21 March and 16 degrees on 21 December21 m21 Mar, noon: sun 40°, shadow 6.0 m21 Dec, noon: sun 16°, shadow 16.9 mExistingNew home
Noon sun in Penzance on 21 March sits about 40° above the horizon, so a typical two-storey eaves line (about 5 m) throws a shadow of roughly 6.0 m. In December the sun is only about 16° up and shadows stretch much further. Drawn for a garden facing north, where it matters most.

What happens next in Penzance

Once you’ve chosen a structure, we draft heads of terms setting out who funds what, your share or the home you receive, deadlines and protections. Your own solicitor reviews them and the development agreement that follows. Only then do we commission surveys and design, agree the key layout points with you, and submit the application to Cornwall Council.

  1. Free plot appraisal

    We look at your title plan, access, neighbouring homes and the council’s planning policies, then talk through what might be built and whether a joint venture or a simpler sale suits you better.

  2. Choose the structure

    We explain the options side by side: a share of sale proceeds, a share of profit, a home back for your land, or a land payment plus a share. You choose what fits your plans and appetite for risk.

  3. Development agreement

    Your own solicitor and ours turn the heads of terms into a binding agreement. Your solicitor advises on the security that fits, such as the land staying in your name until a set stage or a legal charge.

  4. Sale or handover

    The new homes are sold and the proceeds are split as agreed through the solicitors, or your new home is handed over with its warranty, title and certificates in place.

Worth checking early

  • Your return isn’t fixed. It depends on build costs, sale prices and timing, unless you choose a structure with a fixed element.
  • We’re a new brand within the S&K Group, so ask for open-book reporting and check every protection in writing.
  • You’ll live next to a building site, and the new home’s design affects your own house and garden.

Penzance: questions to ask

Can I take a new home back instead of cash in Penzance?

Yes, if the plot can support it. Under a homes-for-land joint venture, one of the finished homes on your plot, or the only one, is transferred to you with its own title and paperwork. The agreement fixes the specification and the timetable.

What if the build on my Penzance plot runs late?

The development agreement should set long-stop dates and say which delays are acceptable, such as severe weather, and which aren’t. If a deadline passes without good reason, you should be able to end the agreement. Your solicitor will check your land and share are protected if that happens.

Who decides planning for a joint venture plot in Penzance?

Cornwall Council decides, using the council’s Local Plan and national policy in the NPPF. We prepare and fund the application and deal with the council’s questions, but no developer can promise the outcome. If planning is refused, you keep your land, and in the usual structure the planning costs stay with us.

Can I do a joint venture on my garden in Penzance without paying anything?

In the usual structure, yes. You contribute the land, and we fund design, planning, construction and sale. You may still have your own costs, such as tax or your mortgage lender’s charges, so ask your solicitor and tax adviser to go through them before you sign.

Other options in Penzance

Garden plot joint venture near Penzance

Find out what your garden could become

Free garden plot appraisal. No cost, no obligation, and a straight answer if it won’t work.