Garden plot joint ventures in Eastwood

Homes for land is a joint venture structure that can suit families in Eastwood. 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
Broxtowe Borough Council
Postcodes
NG16
Noon sun, 21 March
About 37°
Shadow from a 5 m eaves line
About 6.6 m
Planning plan
Local Plan
County
Nottinghamshire

How it plays out in Eastwood

Homes in NG16, like homes anywhere, may have neighbours weighing up the same choice about their gardens. If the plot next door could join yours, a joint venture on the combined land may give a better scheme, with one shared access and more space between old and new homes.

Each owner would keep their house and have their own solicitor, and the agreement would set out each person’s share. Where only a single garden is involved, we design for that plot and its neighbours alone, and Broxtowe Borough Council judges it on its own merits.

Section showing noon sun and shadows in Eastwood: about 37 degrees on 21 March and 14 degrees on 21 December21 m21 Mar, noon: sun 37°, shadow 6.6 m21 Dec, noon: sun 14°, shadow 20.7 mExistingNew home
This section is worked out for the latitude of Eastwood: around 37° of sun at midday in late March and about 14° 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 Eastwood

Getting started in Eastwood is straightforward. Tell us your address and roughly where the garden runs, and we check your title, access and the planning position from the desk, free of charge. If a joint venture looks realistic, we visit, then explain the structures side by side so you can choose before heads of terms are drafted.

  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. 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.

  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

  • Tax can differ from a simple sale of garden land, so take advice from a tax adviser before you sign.
  • 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.

Eastwood: questions to ask

What if the build on my Eastwood 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.

Will a joint venture in Eastwood 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.

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

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 my neighbours join a joint venture in Eastwood?

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.

Other options in Eastwood

Garden plot joint venture near Eastwood

Find out what your garden could become

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