Garden plot joint ventures in Wigston

If you own a garden plot in Wigston and aren’t in a hurry, a joint venture can give you a share of what is built rather than one figure for the land. In the usual structure we fund and manage everything from the measured survey to handover, using our own money and often development finance.

That finance is why security matters. Your solicitor will advise on how your land is protected, which might mean it stays in your name until homes are sold, or a legal charge in your favour if it transfers earlier. Tax also needs advice before you sign.

Modern new home with timber cladding at the end of a long garden at dusk, lights on inside
Planning authority
Oadby and Wigston Borough Council
Postcodes
LE18
Noon sun, 21 March
About 37°
Shadow from a 5 m eaves line
About 6.5 m
Planning plan
Local Plan
County
Leicestershire

What the council will look at in Wigston

A finished home in a joint venture is sold, or handed back to you, into a local market that includes Wigston and places such as Oadby, Leicester and Earl Shilton. 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 Oadby and Wigston Borough Council is likely to view the size of home proposed.

Section showing noon sun and shadows in Wigston: about 37 degrees on 21 March and 14 degrees on 21 December21 m21 Mar, noon: sun 37°, shadow 6.5 m21 Dec, noon: sun 14°, shadow 20.1 mExistingNew home
Noon sun in Wigston on 21 March sits about 37° above the horizon, so a typical two-storey eaves line (about 5 m) throws a shadow of roughly 6.5 m. In December the sun is only about 14° up and shadows stretch much further. Drawn for a garden facing north, where it matters most.

What happens next in Wigston

A joint venture in Wigston moves through clear stages: appraisal, structure, heads of terms, development agreement, planning, build, then sale or handover. You receive progress and cost reports at agreed points. Timing depends on the council, the build and the market, so we give realistic ranges with each stage rather than fixed dates, and update them as things move.

  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. Heads of terms

    The key terms go in writing: who funds what, your share or the home you receive, how your land is protected, deadlines, open-book reporting and what happens if planning is refused or the build stalls.

  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

  • You’ll live next to a building site, and the new home’s design affects your own house and garden.
  • A joint venture takes longer than any sale: planning, then building, then selling or handover.
  • Development lenders usually want security over the land, which your solicitor needs to fit around your own protections.

Wigston: questions to ask

Who decides planning for a joint venture plot in Wigston?

Oadby and Wigston Borough 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 take a new home back instead of cash in Wigston?

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.

How long does a garden joint venture in Wigston usually take?

Longer than a sale, because planning, building and selling all happen before you receive your share. The council’s decision time, the build programme and the market drive the timing. We give you a realistic range for each stage after the appraisal rather than a single promised date.

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

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 Wigston

Garden plot joint venture near Wigston

Find out what your garden could become

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