Option agreements for land in Newton Abbot
For owners in Newton Abbot and the TQ12 area, an option agreement is worth understanding before you talk to any buyer, including us.
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
- Independent advice encouraged
Selling land near Newton Abbot?
We'll check the title and planning, then call you.
Newton Abbot at a glance
Land around Newton Abbot falls under England's planning system. The closest towns we also cover are Torquay, 6 miles away, and Paignton, 7 miles away, and Plymouth is 26 miles away.
| Town | Newton Abbot |
|---|---|
| County | Devon |
| Country | England |
| Postcode district | TQ12 |
| OS grid square | SX87 |
| Nearest towns we cover | Torquay (6 mi), Paignton (7 mi), Exmouth (11 mi) |
| Distance from Plymouth | About 26 miles north-east |
| 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
- Owners happy to wait several years for a higher price
- Holdings where several owners need to work together
- Land needing access or infrastructure to be unlocked
- 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
Option fee
A payment on signing, which you usually keep even if the option isn't exercised.
Purchase price
Often a percentage of market value with permission, less agreed costs.
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 Newton Abbot that an option agreement suits
Paddocks and equestrian land in Newton Abbot
Useful where the paddock could form part of a wider site.
Small sites in Newton Abbot
Useful if land needs assembling from more than one owner.
Redundant commercial and industrial land in Newton Abbot
Useful where vacant possession is some way off.
Landlocked land and access problems in Newton Abbot
Useful while access is negotiated with neighbours.
From first call to completion
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.
The legal work
Your solicitor and ours handle the contract through to completion.
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'd like your advisers' costs covered
Many option agreements include a contribution to the landowner's legal and agent costs. We'll tell you if ours does.
Useful to send us
- A rough size, in acres or hectares
- Details of any tenants or grazing agreements
- Photos of the land and its access
- How soon you'd ideally like to sell
Common questions
What is an option agreement?
A contract that gives the buyer the right to buy your land within a set period, usually after planning permission is granted. You receive an option fee now and the purchase price if the option is exercised.
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.
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 buy land in Newton Abbot?
Yes. We consider land in and around Newton Abbot and across Devon. Whether we can make an offer depends on the land itself, especially its access and planning prospects, and we'll tell you either way.
Other land in Newton Abbot
- 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 Newton Abbot
- Option agreements in Devon
Ready to talk about your land in Newton Abbot?
Send the postcode and a rough size. We'll check the title and planning position and come back to you.