Option agreements for land in Paignton
We offer an option agreement on land across Devon, including sites around Paignton, Torquay and Newton Abbot.
An option can capture more of your land's value where it needs a long planning journey, but the details matter. We explain every term before you commit.
- Figures explained, so you can check them
- Independent advice encouraged
- We fund the planning work
Tell us about your land
Free, no-obligation appraisal.
Where Paignton sits
The land we're most interested in near Paignton sits on the edge of the built-up area or in the villages towards Torquay (3 miles) and Newton Abbot (7 miles).
| Town | Paignton |
|---|---|
| County | Devon |
| Country | England |
| Postcode district | TQ3 |
| OS grid square | SX86 |
| Nearest towns we cover | Torquay (3 mi), Newton Abbot (7 mi), Exmouth (14 mi) |
| Distance from Plymouth | About 26 miles 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
- Land being considered in a local plan review
- 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
If your land could be allocated in a future local plan, an option keeps it moving towards development without you funding the work.
What to check in an option agreement
Option fee
A payment on signing, which you usually keep even if the option isn't exercised.
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 Paignton that an option agreement suits
Land for affordable homes in Paignton
Useful while housing need is evidenced and a scheme is prepared.
Farmland and agricultural land in Paignton
Common for edge-of-town farmland promoted through the local plan.
Brownfield land in Paignton
Can suit larger brownfield sites with a longer planning route.
Redundant commercial and industrial land in Paignton
Useful where vacant possession is some way off.
From first call to completion
Send us the address
A postcode, a plan or a what3words location is enough to start.
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.
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.
Common problems, and how we handle them
You want to be sure we'll actually pursue planning
Agreements can include obligations to use reasonable endeavours and set milestones.
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
- The address or postcode
- A plan, or a screenshot from an online map
- Your title number, if you know it
- How soon you'd ideally like to sell
Your questions answered
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.
Do I keep the option fee if you don't buy?
Normally, yes. The terms are set out in the agreement.
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.
Do you cover the villages around Paignton?
Yes. Villages between Paignton, Torquay and Newton Abbot often have the kind of edge-of-settlement land we're looking for.
Other land in Paignton
- 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 Paignton
- Option agreements in Devon
Ready to talk about your land in Paignton?
A free appraisal tells you what we'd pay and why.