Creating a mega deal? Totally doable.
Identify a piece of land where value can be created, such as an industrial piece of land which would have way more value as residential. If you find one of these industrial sites on the edge of the industrial area, next to a residential area, it makes it a natural extension of the residential area.
Once you’ve identified such a the site then knock on some doors and see if you can secure such sites on an option or on a subject to planning basis. Once you have secured the site you can work with your partners to secure planning and then trade the site on once planning is achieved.
Take, for example, this site in Harlow. It was bought “subject to planning” for £4.2m. The location? Perfect. Right on the edge of an industrial estate, next to a residential area, and with solid transport links.
Fast forward, and planning was granted for 172 units and 10,000 sq ft of office space. The GDV (Gross Development Value)? Around £60m. So, buying it for £4.2m? Absolute steal.
The key here is creating value. Master that, and you’ve got the magic formula.