Peter Richards & Co. offers a comprehensive Development Consultancy, buying and selling service for landowners and developers alike throughout Shropshire and beyond. In offering our clients specialist advice our primary objective is to maximise property values through our expertise and advice.
We are able to offer a comprehensive range of property services tailored to our clients' needs, including:
Peter Richards & Co. based in Shropshire deal in residential and mixed use development land and have established a good reputation with a wide variety of clients; including national house builders, public limited companies, family trusts and private individuals.
Development Land Valuation & Appraisal
Peter Richards & Co. are well placed to carry out appraisals and valuations of development sites. We are able to undertake "simple" appraisals as an initial check to see whether a proposal may be viable or alternatively undertake full valuations, which can be used to support funding applications on all types of development proposals, whether they are straight forward residential schemes or more complex mixed used developments.
We appreciate that the land market can be volatile and we recognise the need to fully understand all of the elements that can add or detract from the value of a project. As such, when valuing development opportunities we liaise closely with Planners, Technical Consultants and Agents (both residential, retail and commercial) to ensure that all advise given is market focused, up to date and relevant to the client.
Sales and Marketing
Peter Richards & Co. are actively involved in the marketing and disposal of a wide variety of sites. These range from small single plots and barn conversions to large residentially led mixed use developments.
We have identified that with the increase delays, risks and costs associated with the planning system, careful thought is essential when selling residential development and mixed use land. Good preparations, a full understanding of the clients needs and timescales, a successful marketing strategy and the correct bidding structure all help to ensure we maximise the value of our clients' land.
We ensure our client's interests are promoted and protected by making representations on Development Plan Documents and supporting material. This is fundamental in bringing land forward for development through the planning system, however due to an increasing amount of information required ‘up front’, many landowners are not prepared to speculate large sums of money with no guarantee of success.
Thankfully many developers are prepared to take a calculated view and enter into Option or Promotional Agreements with landowners on appropriate medium and long term land opportunities.
We have experience in negotiating the best terms for landowners and ensuring the delivery of these large sites, plus maximizing the return for the landowner.
Relocation of existing businesses is often the key to releasing brownfield development land. With the Government's desire to build on our brownfield sites many businesses within settlements find their sites allocated for residential development purposes, but find it difficult to unlock the potential value from their site.Despite the initial disruption to a business, relocation and subsequent redevelopment of a brown field site can not only provide a business more suitable accommodation it can offer an opportunity to refinance with a capital release.We are able to provide a comprehensive relocation service to a business owner, consisting of finding an appropriate relocation site, identifying a development partner, obtaining the necessary planning permissions on the existing site and potential new premises.
Village Plots & Barn Conversions
At Peter Richards & Co. we pride ourselves in adding value to redundant agricultural barns, greenfield plots and brown field sites. Our market awareness and experience in planning matters across Shropshire enables us to release the planning potential of suitable opportunities and maximise the value in the open market.
The demand for self build projects is increasing and care needs to be taken to ensure that transactions with these buyers are smooth and cost effective. We have compiled an extensive list of developers and individuals alike who are seeking barns and small development schemes at a range of price levels.
Joint Venture Agreements / Build Licenses
Joint Venture agreements and Build licenses invariably give landowners a higher return. The risk however is that the landowner has to wait along with the developer for properties to be sold before benefiting from proceedings.
Joint Venture & Build license agreements are structured around the premise that the landowner will receive a percentage of the house sales as and when these are made. We are able to advise landowners and developers on their structure and the pitfalls / opportunities that exist.
New Homes Advice
Our extensive market knowledge means we are suitable placed to provide developers with New Homes sales evidence. Comprehensive, up to date comparable sales evidence is vital when undertaking development projects.
We are able to provide detailed site appraisals for clients along with advice on marketing strategies and pricing of a finished scheme.
Peter Richards & Co. are aware of the significance of Affordable Housing in modern day planning and development. With the majority of residential developments consisting of a proportion of affordable housing coupled with local and national government support for development of affordable homes.
The amount and tenure of affordable housing can make significant differences to the viability of developments thus the return to the vendor and developer. We are experienced in providing comprehensive viability reports to assist in negotiations with local authorities.
Exception policies are designed to allow much needed Affordable housing to be developed on land that otherwise wouldn’t be granted planning consent. These policies provide scope for landowners to develop homes demanded by local people whilst returning a modest land value. Due to us having a sound knowledge of the relevant planning policies relating to affordable housing and regular contact with Registered Social Landlords we are best placed to advise landowners and developers.