- Planning authority
- Cornwall Council
- Postcodes
- TR1
- Noon sun, 21 March
- About 40°
- Shadow from a 5 m eaves line
- About 6.0 m
- Planning plan
- Local Plan
- County
- Cornwall
Truro: light, access and policy
A finished home in a joint venture is sold, or handed back to you, into a local market that includes Truro and places such as Falmouth, Redruth and Newquay. Who might buy or rent it shapes the design: the number of bedrooms, parking and garden size all affect what it’s worth and how quickly it sells.
We talk that through with you before the design is fixed. Value depends on location, size, access, the permission and the finish, so we won’t quote figures before an appraisal, but we will explain what drives them and how Cornwall Council is likely to view the size of home proposed.
How we’d take it forward in Truro
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.
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.
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.
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.
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
- We’re a new brand within the S&K Group, so ask for open-book reporting and check every protection in writing.
- Your return isn’t fixed. It depends on build costs, sale prices and timing, unless you choose a structure with a fixed element.
- Development lenders usually want security over the land, which your solicitor needs to fit around your own protections.
Your questions, answered for Truro
Will a joint venture in Truro affect my tax?
It may. Sharing in the development and sale of new homes can be taxed differently from a simple sale of garden land, and Stamp Duty Land Tax (SDLT) or VAT may arise depending on the structure. Take advice from a tax adviser on your own position before you commit.
Can I do a joint venture on my garden in Truro 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.
Does my land stay in my name during a joint venture in Truro?
It can. One option keeps the land in your name until an agreed stage, with us building under a licence. Another transfers it earlier with a legal charge in your favour. Your solicitor advises which suits you, bearing in mind that a lender funding the build will want security too.
Can I take a new home back instead of cash in Truro?
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.
Other options in Truro
- Sell part of your garden
- Garden plot option agreement
- Planning promotion for your garden plot
- Build a new home in your garden
- Plot feasibility and design
- Garage courts and yards