Glossary definition
Windfall Site
A development site that comes forward for housing unexpectedly, outside the planned allocations in a local authority's local plan. Windfall sites are typically smaller infill plots, garden land, or brownfield sites that become available through changes of ownership or market conditions.
Definition
A development site that comes forward for housing unexpectedly, outside the planned allocations in a local authority's local plan. Windfall sites are typically smaller infill plots, garden land, or brownfield sites that become available through changes of ownership or market conditions. Local planning authorities are required to include a windfall allowance in their housing supply calculations under the NPPF, and lenders will fund windfall developments provided they have satisfactory planning consent.
See also
Closely related terms.
Planning Permission
Formal consent from the local planning authority required before carrying out most types of development, including new construction, material changes of use, and significant alterations to existing buildings.
Site Acquisition
The process of purchasing a development site, including negotiation, due diligence, exchange of contracts, and completion.
Residual Land Value
The value of a development site calculated by taking the gross development value of the completed scheme and deducting all development costs including build costs, professional fees, finance costs, and developer profit.
Further reading
Guides that touch this term.
Guide
Can I Get Development Finance With No Track Record?
An eligibility guide for developers without a completed scheme. We explain which lenders will consider you, exactly what they check, and the lower leverage and higher pricing to expect.
5 min read readReadGuide
UK Development Finance Market Overview: Lenders, Appetite, Outlook
An overview of the UK development finance market, covering the lender landscape, appetite by asset class and location, the trends shaping terms and what developers should expect over the coming 12 months.
9 min read readRead
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