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Bychoice Estate Agents on why your garden could be the key to your financial security in the future.

Your garden could offer you the financial security we all strive for.

I’m not suggesting you start digging it up in search of treasure, oil or a similar source of a windfall.

No, it’s much less dramatic and easier than that – if you have a large garden it could have developmental potential worth hundreds of thousands of pounds.

That’s right your garden could be the answer to any money concerns or aspirations you have.

Selling off part of your garden for development is often seen as unthinkable – until you are asked.  

What if you received a letter alerting you to “an opportunity available” due to the size of your garden and its potential, would you really toss it straight in the bin without a second thought?

An increasing number of people across Suffolk are realising that selling off part of their garden isn’t the property equivalent of selling their souls.

Far from it. Selling part of your garden off to a property developer often secures your financial future, it also means that you don’t even have to move to enjoy the benefits of an unexpected lump sum.

And if we are talking about your principal home, the gain from selling your garden is tax free.  

If you went ahead would you become the neighbour pariah?  

Imagine inviting the neighbours around for drinks and then gin and tonic in hand murmuring “by the way I’m thinking of having several houses built in my garden”

Cue a potentially very awkward silence.  

However, what if you said “Did you know, we might be sitting on a gold mine?   If we got together we could parcel up a development site and collect £100,000 each.   We could call the tune, put up discreet hoardings and take a warm weather cruise while the building work is going on.   Shall we find out about it?”

Sounds slightly easier to digest now doesn’t it?

But how do you find out if your garden offers an opportunity to change yours, and your neighbours lives for the better?

Easy. Simply give Richard Gosling at Bychoice Estate Agents a call 01284 769598. We’re exclusive local members of the Land & New Homes Network which has a network of experienced agents across the UK specialising in the development potential of gardens, commercial units and plots of previously unused land.

Which leads us on to what is logically your next question – How much is part of my garden worth?

Land prices are established by understanding what will get planning permission, how much will any properties-built sell for and how many units will get built.  

Developers will work back from the sale price of the houses they propose to build, deducting all likely costs and their profit to determine a figure they are prepared to pay for your site.  

Therefore, developers offer different amounts as they will all have different ideas on how to maximise the potential of the land.

This is an area that we have extensive experience in and can help you get the best price.

Finally beware of land scouts who are keen to take an option on the land without being specific about what will be built or when.  

These options can make the house unsaleable.  

If you’ve gone this far down the road into looking into your garden’s development potential, you should get expert advice from a Land & New Homes Network agency like us to make sure you are considering a specific contract covering every detail including the when by date for when an application will be submitted.  

This must then be picked over by a solicitor who is an expert in property law and not just the local conveyancing solicitor.  

There’s a lot to consider, but it’s a genuinely potentially life changing move when carried out professionally. And we’re here to help so if you have a large garden which you think has developmental potential please give us a call on 01284 769598 for a totally confidential, informal and no obligation conversation.


Wondering what to do with your mum for Mother's Day next week? Or know someone else that deserves a treat?

Win yourself and a person of your choice a great day out!

Pop into Prezzo (Haverhill, Suffolk) and treat yourselves to a meal on us with a £50 voucher and then walk next door to Cineworld Haverhill and use the £30 voucher to see a film and get yourself some snacks! All you need to do it follow a couple of easy steps!

Simply like our Facebook page Bychoice - Haverhill and like this post.

Comment who you'd want to take with you and don’t forget to share the post with your friends!

Competition closes on the 9th March 2018 at 12 midday

Terms and conditions apply. The competition will close at 12 midday on Friday 9th March, any entries made after this time will not be counted. All steps must be carried out in order to be entered into the draw (liking the page and post) though sharing the post and tagging is not a necessary step. The winner will be randomly selected using a random number selector and announced on the Bychoice - Haverhill Facebook page in the afternoon of Friday 9th March. The voucher can be collected from our Haverhill office or can be posted to the winner after the competition has completed. This promotion is in no way sponsored, endorsed or administered by, or associated with, Facebook.


    Online Agent Fee

Anywhere between £200 - £1000 – however, this is more often than not payable upfront, therefore meaning that you’ll lose the money whether the property sells or not!


2.       Amount of houses that complete

Between 48% and 58% of houses on the market with an online agent make it to completion. This is in comparison with the 80% of listings making it through to completion with a traditional high street agent. A drastic difference.


3.       Change in Asking Price

65% of properties listed with online agents change their asking price. Whether this be a reduction or a rise, 65% of online agent’s listings were put on the market at the wrong price.


4.       Instructing another agent

17% of properties end up going on the market with another agent. This figure would potentially be higher if it wasn’t for the fee with online agents often being payable whether they sell it or not. 44% of these vendors that instruct alternative agents end up selling within 2 months.


“I was really unhappy with Purplebricks. I received very few updates. It felt like they put more effort into getting me on board to get their up front fee than selling my property. I have now listed the property with a local estate agent” - Purplebricks customer – Switched to a traditional estate agent



It’s understandable that homeowners are attracted to online estate agents - who doesn’t like the idea of saving money!

However, research clearly shows that you won’t necessarily be saving money by appointing an online agent, and 40% said they spent more time managing the sales process than they thought they would. Time can often be worth money! This is why we recommend vendors do their research, why not invite us out for a free no obligation valuation on your property where our listers can discuss what you want from your sale, what packages we have as a high street agent, and how we can provide the best service possible.



All data and quotes acquired from



In celebration of our Bury St Edmunds branch being open 2 years we're hosting a competition!

Win yourself a £100 VOUCHER for our neighbours, Bourgee Restaurants - the fabulous steak and lobster restaurant by following some steps!

Simply like our Facebook page Bychoice Estate Agents and like this post.

Comment who you'd want to take with you and don’t forget to share the post with your friends!

Competition closes on the 19th February at 9pm.

Terms and conditions apply. The competition will close at 9pm on Monday 19th February, any entries made after this time will not be counted. All steps must be carried out in order to be entered into the draw (liking the page and post) though sharing the post and tagging is not a necessary step. The winner will be randomly selected using a random number selector and announced on the Bychoice Estate Agents Facebook page on Tuesday 20th February. The voucher can be collected from our Bury St Edmunds office or can be posted to the winner after the competition has completed. This promotion is in no way sponsored, endorsed or administered by, or associated with, Facebook.


On average, most people make their decision about whether or not to purchase a property within 8 minutes of viewing the house, sometimes 4 and a half minutes outside can be enough for people to decide for or against a property! Remember, there are some important questions to ask both the seller and yourself when you’re viewing a property. Whilst you might fall in love in the first 8 minutes, if you find out the answers to the following questions sooner rather than later you could save yourself some time, money and heartache, or maybe even save yourself a few pounds!


1.       Is the property structurally sound?

Have a nose around outside the building as well as the inside, are there any cracks, broken guttering, missing or loose roof tiles? If there is, ask the vendor what the cause was and if it will be fixed. Anything you miss would most likely be picked up by your surveyor but if you can find out yourself firs before deciding to proceed with an offer you could save yourself a lot of cash!

2.       Is there any damp?

Damp can potentially aggravate breathing problems such as asthma, and can eventually cause mould and mites (ew!) So during your viewing keep an eye out for unusual smells, flaking plaster, watermarks on ceilings and walls. It can also be a good idea to ask the seller if they’ve ever had problems with damp in the past, and make sure that it isn’t likely to happen again.

3.       How long has the property been on the market?

If the property has been on for a while, months or even years, the vendor may be willing to accept a lower offer. Be wary though, make sure you follow our other questions as this may bring up why the property has been on the market so long. Also if you think the property had sold already, ask why it fell through, the reasoning could make you reconsider.

4.       Have any major works been carried out?

This could be an incentive to buy if the property has been improved in one way or another. Make sure however, that the vendor has all of the relevant guarantees, certificates and that relevant planning permission was granted.

5.       Can you afford it?

When viewing a property it can be easy to get swept up in the excitement. Yes it ticks all the boxes, yes you can see yourself living there, but can you afford to pay for it. Make sure you’re considering your finances when viewing so that you don’t end up disappointed, or worse, having to pull out of a sale when you realise you can’t really afford it.

6.       Does this home tick all the boxes?

There is a lot more to a home than bricks and mortar! Does it meet your needs in other ways? The journey to work, the size of the garden for the kids, the school catchment area? Will your furniture from your current home fit? As much as you may fall in love with a property, make sure it meets all your needs before considering an offer!


In general, there’s a lot to think about when you’re looking to purchase a property, but keeping these things in mind can help a great deal! If you’re trying to find your dream home, let us help! A lot of our properties sell before they even hit rightmove, purely from call outs to our mailing list, so join our list by giving your local branch a call and who knows, you could be in your new place sooner than you’d think! 


During the announcement of a new UK Government budget in November 2017, it was announced that they would be making it easier for first time buyers to be able to afford a property. By introducing a plan to build 300,000 new homes a year, and changing the rules for stamp duty land tax, the government hoped to boost demand from first time buyers. The new rules for stamp duty that were effective from the 22nd November 2017, allow first time buyers to be exempt from stamp duty charges when buying a property up to £300,000. Not only this, but if you were to purchase a property between £300,000 and £500,000 this would be at a discounted rate of stamp duty.

In order to be classed as a first-time buyer, typically, you have to be purchasing your only or main residence and have never owned a freehold or have a leasehold interest in a residential property in the UK or abroad. It was estimated that 80% of people buying their first home would pay no stamp duty under the new rule and 95% of first time buyers would benefit. The expectation of the change was that we would see an increase in the demand for property from first time buyers.

In the monthly market snapshot from the Royal Institute of Chartered Surveyors in December 2017, demand from buyers continued to fall. Respondents to a survey by RICs were also asked to consider the likely impact on the market for the coming months. 66% said that they expected the change to have no or little impact on the demand, whilst 12% said they experienced higher activity in the market.

Whilst this doesn’t paint a great picture for the future impact of this new rule, the figures and suggestions were taken from December. This is usually the quietest time of year for the housing market, and so this could be the reason for the decline. This may mean that the market for first time buyers may pick up now that we’re into the new year!

If you are a first-time buyer looking for properties, don’t hesitate to give your local Bychoice office a call and join our mailing list! Or check out our website for all the properties we have available! 

Lavenham Office
22 High Street,
Lavenham, Suffolk
CO10 9PT

Tel: 01787 249583
Haverhill Office
27b High Street,
Haverhill, Suffolk

Tel: 01440 768919


Sudbury Office
6 King Street,
Sudbury, Suffolk
CO10 2EB

Tel: 01787 468400
Clare Office
17 Market Hill,
Clare, Suffolk
CO10 8NN

Tel: 01787 278890


Hadleigh Office
43a High Street,
Hadleigh, Suffolk
IP7 5AB 

Tel: 01473 828280
Bury St Edmunds Office
6 The Traverse,
Bury St Edmunds, Suffolk
IP33 1BJ

Tel: 01284 769598


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Registered Name: Bychoice Estate Agents Limited | Place of Registration: Sudbury | Registered Number: 5186429 | Registered Office: 61 Station Road, Sudbury, Suffolk, CO10 2SP