Garden plot joint ventures in Shanklin

Homes for land is a joint venture structure that can suit families in Shanklin. You provide the garden plot, we design, seek planning for and build the new homes, and one finished home comes back to you, perhaps for a parent, a grown-up child or to let.

If you’d rather have cash, a share of the sale proceeds is the other common structure. Whichever you choose, the deal is written into a development agreement with long-stop dates, open-book reporting and security for your land, all checked by your own solicitor. Tax can differ between the two, so take advice from a tax adviser as well.

Modern new home with timber cladding at the end of a long garden at dusk, lights on inside
Planning authority
Isle of Wight Council
Postcodes
PO37
Noon sun, 21 March
About 39°
Shadow from a 5 m eaves line
About 6.1 m
Planning plan
Local Plan
County
Isle of Wight

The local picture in Shanklin

As the neighbour, you’ll live with the new home’s shadow. Picture the spring equinox in Shanklin: at midday the sun climbs to about 39°, and a new home with 5 m eaves shades roughly 6.1 m of ground behind it. Near the winter solstice, with the sun at around 16°, that shade stretches much further.

In a joint venture you approve the layout before the application goes in, so we can show you where the shadow will fall on your garden at different times of year. Keeping the eaves low or setting the home further back can make a real difference.

Section showing noon sun and shadows in Shanklin: about 39 degrees on 21 March and 16 degrees on 21 December21 m21 Mar, noon: sun 39°, shadow 6.1 m21 Dec, noon: sun 16°, shadow 17.5 mExistingNew home
This section is worked out for the latitude of Shanklin: around 39° of sun at midday in late March and about 16° at midwinter. It shows why the gap between your house and a new home behind it is about light as well as privacy. Garden assumed to face north.

How we’d take it forward in Shanklin

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 Isle of Wight 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. Planning and build

    We fund and manage the planning application, Building Regulations approval and construction, reporting costs and progress to you at agreed points. The council decides the application, and building control checks the work.

  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

  • A joint venture takes longer than any sale: planning, then building, then selling or handover.
  • 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.

Shanklin: questions to ask

Will a joint venture in Shanklin 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 my neighbours join a joint venture in Shanklin?

Yes. Combining adjoining gardens can give a better layout and one shared access. Each owner keeps their house, has their own solicitor and signs up to a collaboration agreement setting out how the result is shared, including fair treatment for the garden that provides the access.

What if the build on my Shanklin 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.

Does my land stay in my name during a joint venture in Shanklin?

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.

Other options in Shanklin

Garden plot joint venture near Shanklin

Find out what your garden could become

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