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Option agreements for land in Penzance

We offer an option agreement on land across Cornwall, including sites around Penzance, Helston and Camborne.

An option agreement gives a buyer the right, but not the obligation, to buy land within a set period, usually once planning permission is obtained. The landowner receives an option fee up front and, if the option is exercised, a price normally based on market value with permission, less agreed deductions.

  • Free appraisal and written offer
  • No pressure to decide
  • Independent advice encouraged

Tell us about your land

Free, no-obligation appraisal.

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Free and no obligation. We're the buyer, so there's no commission.

Where Penzance sits

The land we're most interested in near Penzance sits on the edge of the built-up area or in the villages towards Helston (12 miles) and Camborne (12 miles).

A mostly rural county with much of its coast inside the Cornwall National Landscape. New homes are concentrated in and around the main towns.

TownPenzance
CountyCornwall
CountryEngland
Postcode districtTR18
OS grid squareSW43
Nearest towns we coverHelston (12 mi), Camborne (12 mi), Redruth (16 mi)
Distance from TruroAbout 24 miles south-west
Planning systemNational Planning Policy Framework and local plan
When you're paidOption fee now, price when the option is exercised
Planning costsOurs, sometimes recoverable from the price
Two people in outdoor jackets walking along a hedgerow, one pointing across the field

Who an option agreement works best for

  • Larger fields and blocks on the edge of towns and villages
  • Holdings where several owners need to work together
  • Owners who want to keep farming until development
  • Sites with technical issues that need time to resolve

Options are the usual way to bring larger sites forward. They let us invest in planning while you keep ownership and the use of your land.

The terms that matter

Purchase price

Often a percentage of market value with permission, less agreed costs.

Term

How long we have to secure permission and exercise the option.

Deductions

Which planning and infrastructure costs come off the price before you're paid.

Your obligations

Agreements set what you can and can't do with the land in the meantime.

Land near Penzance that an option agreement suits

Large strategic sites in Penzance

The usual route: an option fee now and a price based on market value later.

Farmland and agricultural land in Penzance

Common for edge-of-town farmland promoted through the local plan.

Garage sites in Penzance

Rarely needed unless several garage owners are involved.

Inherited and probate land in Penzance

Can suit families who want to hold on while planning is explored.

From first call to completion

  1. Tell us about your land

    Send the postcode or address and a rough size.

  2. We do the homework

    We read the title and planning record and check flood risk and access.

  3. We put an offer in writing

    It shows how we got there. There's no obligation to accept.

  4. The legal work

    Your solicitor and ours handle the contract through to completion.

Rules that apply in England

Planning framework

Planning decisions in England follow the National Planning Policy Framework, revised in August 2026, and the local plan, prepared by the council or, in a national park, the park authority. Plans are reviewed periodically, which is when new housing sites are usually allocated.

Section 106 and CIL

Larger schemes often need a Section 106 agreement for affordable housing or contributions, and councils that have adopted the Community Infrastructure Levy charge it per square metre of new floorspace.

When the land isn't straightforward

You're worried about the deductions

Ask for a clear list and a cap on what can be deducted. We'll explain each one.

You want to be sure we'll actually pursue planning

Agreements can include obligations to use reasonable endeavours and set milestones.

Useful to send us

  • The address or postcode
  • A rough size, in acres or hectares
  • Any planning applications or letters
  • Photos of the land and its access

What people ask us about an option agreement

How long do options last?

It varies with the site. Several years is typical for land needing local plan allocation, often with extension rights.

Can I sell to someone else during the option?

Not usually. The option binds the land, and it's normally registered against your title.

What's the difference between an option and a promotion agreement?

Under an option the buyer has the right to buy the land. Under a promotion agreement a promoter gets permission and then sells the land on the open market, taking a share of the proceeds. We offer options, not promotion agreements.

Can you visit land near Penzance?

Yes. Once we've looked at the title and planning position, we arrange a site visit if the land looks suitable. Send the address or postcode to start.

Nearby towns

Other land in Penzance

Find out what we'd pay for your land near Penzance

Call 0800 088 6248 or send the details. There's no obligation.

Get an offerCall 0800 088 6248