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Auction Expert says Beware of Planning Permission Pitfalls
18.01.08

Auction News

Novice property developers snapping up bargains at auction are losing fortunes by falling foul of planning regulations, warn experts.

There is a rise in the number of people buying unusual buildings at auction to turn into homes, but if planning permission cannot be secured this can become an expensive error. 

The UK’s self-design and build property market is worth more than £3.8bn. Television shows such as Grand Designs and Property Ladder reflect a growing trend of people taking on home building projects.

Irene Thomas, operations director at Manchester-based Auction Finance, said:

“Auctions are a great way of picking up unusual properties. We’ve seen people shunning new build houses to buy churches, barns, windmills and schoolhouses in a bid to create their individual dream home.

“However, before jumping in and bidding for an unusual property to turn into a home, buyers should check the planning status of the site. This will avoid disappointment and the potential for an expensive mistake.  A good proportion of properties that are auctioned for redevelopment will have had planning permission of some kind granted before they go under the hammer.  This adds value for the seller and in cases where it has not been done it is worth enquiring at your local planning department to find out why before you decide to make a bid.  This is an approach we often see from some of our more experienced clients.”

For the lucky bidders who manage to secure the conversion property of their dreams, Irene has three top tips for obtaining the right planning permission:

If the project is tricky or controversial, always get professional advice from a Planning Consultant.

If you think your application may be refused, withdraw it.  You can reapply for free, but a refusal may become a black mark against the planning history of the plot or development.

Be flexible. Planning Officers are often glad to offer informal advice, so show them you are willing to compromise on your plans to get planning permission.