Option agreements for land in Truro
If you own land in or around Truro, 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 pressure to decide
- We fund the planning work
Selling land near Truro?
We'll check the title and planning, then call you.
Where Truro sits
From Truro, it's 8 miles to Falmouth and 8 miles to Redruth. We buy land across that whole stretch of Cornwall, not only within the town.
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 | Truro |
|---|---|
| County | Cornwall |
| Country | England |
| Postcode district | TR1 |
| OS grid square | SW84 |
| Nearest towns we cover | Falmouth (8 mi), Redruth (8 mi), Newquay (10 mi) |
| 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 |
Is an option agreement right for your land?
- Land being considered in a local plan review
- Owners happy to wait several years for a higher price
- 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.
Minimum price
A floor that protects you if values fall.
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 Truro that an option agreement suits
Large strategic sites in Truro
The usual route: an option fee now and a price based on market value later.
Garden land and backland in Truro
Useful when several neighbours' gardens are being assembled.
Inherited and probate land in Truro
Can suit families who want to hold on while planning is explored.
Landlocked land and access problems in Truro
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 do the homework
We read the title and planning record and check flood risk and access.
We put an offer in writing
It shows how we got there. There's no obligation to accept.
Solicitors complete the sale
Exchange and complete, or exchange now and complete when planning is granted.
What England's rules mean for your land
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
- A rough size, in acres or hectares
- A plan, or a screenshot from an online map
- Photos of the land and its access
- How soon you'd ideally like to sell
Common questions
Do I keep the option fee if you don't buy?
Normally, yes. The terms are set out in the 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.
Can you visit land near Truro?
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.
More land we buy in Truro
- 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 Truro
- Option agreements in Cornwall
Get a straight answer about your land
A free appraisal tells you what we'd pay and why.