Do you own the freehold of a purpose built block of flats constructed after 1948? Did you know that your property may now benefit from new permitted development rights, which could substantially increase its development value?

These new rights may help freehold owners to release additional value from their property, subject to compliance with all relevant conditions. Innovative Infill can help to assess the potential of your freehold investment and identify how best to unlock this value.

Freeholders of purpose built flats once enjoyed the prospect of a reliable income stream with welcome windfalls from lease extensions and reversions. But with new legislation seeking to re-balance leasehold terms in favour of the lessee, their value as an investment proposition may now be entering a period of relative decline.

The good news is that many of these properties offer potential for value enhancement, whether by exercise of permitted development rights (airspace / vertical extension) or the creation of additional units within under-utilised parts of the site (infill / horizontal extension). Innovative Infill can help to the approach that offers the best balance between planning risk and financial reward. 

We are open to purchasing the entire freehold, a smaller part of the site, or just the airspace development rights. We can also work in partnership with you to unlock the value of your property, while you retain ownership and control. 

If you are interested in understanding the potential of your property, please contact Patrick on 07514 293935 to request your no-obligation planning report. Whether you own one such property or a whole portfolio, we can help to assess the development potential of your assets. Should you be interested in proceeding further, we arrange a more detailed site survey and identify the optimal strategies by which we can unlock this value for you.