Realise the financial potential of your land

Posted 2nd May 2024

It may be small, unused, overgrown and unloved… but that small parcel of land on your property that you have never really known what to do with could prove to be a goldmine.

Developers across Milton Keynes and the wider region are searching for available land on which to build. And if you are thinking about selling, take some professional advice on your options from a leading estate agent in the city.

Thomas Connolly Estate Agents is already advising property owners across the borough. There is a range of possibilities, which can include simply selling off land to the developer, working with the developer so the new building is one you are happy to have next door or, indeed, to build your dream new home on the plot before selling your current property.

“So many people have side gardens that they never use but they probably do not realise that anything with eight metres clearance from your house can be built on,” said Thomas Connolly’s managing director Joe Connolly. “We have developers waiting for land to become available and if anyone is interested in finding out about the possibilities for their plot, we would be only too happy to take them through the options.
“People have different ways of approaching this and we can help them every step of the way.”

Some are happy to sell the land to a developer and take the profit. Others are after more control and involvement in the building process all the way through. Some prefer to maintain a share in the project, with an agreed share of any profit after completion.

The specialist Land and New Homes department at Thomas Connolly Estate Agents – the fastest growing estate agency in Milton Keynes – has already completed a range of such deals. Its connections with developers are also creating other opportunities – conversions of ‘quirky’ buildings such as chapels or a telephone exchange, for example.

It is talking to pub operators and breweries on options for outside space and car parking on their premises.

“We are not talking about acres of land or unused fields,” said Joe. “We have developers crying out for parcels of land or for land with barns or brick buildings for conversion or development and we want to hear from people who might have land that can be used.”

Contact Thomas Connolly Estate Agents for advice on your options is Joe’s call to landowners. Finding a profitable way to bring unused land back into use creates a welcome injection of cash, he added.

“But it often takes an expert eye to identify the potential.

“We work with some of the largest and most recognised names in property development in the UK who are keen to invest in land for building. If we can help people turn a profit on land they are not using, that is a win-win.”

Thomas Connolly Estate Agents is a specialist in property sales, lettings, land agency and new homes. Its team of experienced staff based in The Hub, Central Milton Keynes, are on hand to advise clients on buying and selling, managing and letting property and on overseas purchases.

To find out more contact Joe Connolly on 07769 586332, email joe@tcmk.co.uk or visit www.tcmk.co.uk