Option agreements for land in Redruth
If you own land in or around Redruth, option agreements is one of four ways you can sell it to us. Here's how it works and when it makes sense.
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 commission: we're the buyer
- We fund the planning work
Get an offer for land in Redruth
We'll check the title and planning, then call you.
Land around Redruth
Land around Redruth falls under England's planning system. The closest towns we also cover are Camborne, 4 miles away, and Truro, 8 miles away, and Truro is 8 miles away.
A mostly rural county with much of its coast inside the Cornwall National Landscape. New homes are concentrated in and around the main towns.
| Town | Redruth |
|---|---|
| County | Cornwall |
| Country | England |
| Postcode district | TR15 |
| OS grid square | SW74 |
| Nearest towns we cover | Camborne (4 mi), Truro (8 mi), Falmouth (9 mi) |
| Distance from Truro | About 8 miles west |
| Planning system | National Planning Policy Framework and local plan |
| When you're paid | Option fee now, price when the option is exercised |
| Planning costs | Ours, sometimes recoverable from the price |
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.
How the money works
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.
Exercise triggers
What has to happen before we can buy.
Land near Redruth that an option agreement suits
Farmland and agricultural land in Redruth
Common for edge-of-town farmland promoted through the local plan.
Garden land and backland in Redruth
Useful when several neighbours' gardens are being assembled.
Inherited and probate land in Redruth
Can suit families who want to hold on while planning is explored.
Landlocked land and access problems in Redruth
Useful while access is negotiated with neighbours.
How a sale works
Tell us about your land
Send the postcode or address and a rough size.
We check it properly
Title, planning history, access, flood maps and local policy.
You get a written offer
With the main figures behind it, so your adviser can check it.
Solicitors complete the sale
Exchange and complete, or exchange now and complete when planning is granted.
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
- Your title number, if you know it
- Photos of the land and its access
- How soon you'd ideally like to sell
What people ask us about an option agreement
How is the price set?
Usually as a percentage of the land's market value once permission is granted, minus agreed costs, with a minimum price. The percentage and deductions are negotiated.
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.
Do you cover the villages around Redruth?
Yes. Villages between Redruth, Camborne and Truro often have the kind of edge-of-settlement land we're looking for.
Other land in Redruth
- Development land
- Land with planning permission
- Land without planning permission
- Large strategic sites
- Land for affordable homes
- Farmland and agricultural land
- Paddocks and equestrian land
- Barns and rural buildings
- Building plots
- Garden land and backland
- Infill plots and gap sites
- Small sites
- Garage sites
- Brownfield land
- Redundant commercial and industrial land
- Inherited and probate land
- Landlocked land and access problems
- Outright purchase
- Subject-to-planning sale
- Joint ventures
- All land in Redruth
- Option agreements in Cornwall
Find out what we'd pay for your land near Redruth
Send the postcode and a rough size. We'll check the title and planning position and come back to you.