Option agreements for land in Tenby
If you own land near Tenby, you may be wondering whether an option agreement would suit you. The answer depends on your land's planning prospects and how soon you want to be paid.
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.
- Free appraisal and written offer
- No pressure to decide
- We fund the planning work
Selling land near Tenby?
Send the postcode and a rough size.
Tenby at a glance
Tenby (SA70) sits in OS grid square SN10, some 21 miles south-west of Carmarthen. Sites between here and Pembroke Dock or Haverfordwest are just as much of interest to us.
| Town | Tenby |
|---|---|
| County | Dyfed |
| Country | Wales |
| Postcode district | SA70 |
| OS grid square | SN10 |
| Nearest towns we cover | Pembroke Dock (10 mi), Milford Haven (14 mi), Haverfordwest (14 mi) |
| Distance from Carmarthen | About 21 miles south-west |
| Planning system | Planning Policy Wales and Local Development 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
- Holdings where several owners need to work together
- Land needing access or infrastructure to be unlocked
- Owners who want to keep farming until development
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.
Minimum price
A floor that protects you if values fall.
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.
Land near Tenby that an option agreement suits
Land with planning permission in Tenby
Rarely needed once consent exists, but can suit phased sites.
Farmland and agricultural land in Tenby
Common for edge-of-town farmland promoted through the local plan.
Garage sites in Tenby
Rarely needed unless several garage owners are involved.
Landlocked land and access problems in Tenby
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.
We put an offer in writing
It shows how we got there. There's no obligation to accept.
The legal work
Your solicitor and ours handle the contract through to completion.
What Wales's rules mean for your land
Planning framework
Planning in Wales follows Planning Policy Wales, the national plan Future Wales and the Local Development Plan, prepared by the council or, in a national park, the park authority. When plans are reviewed, landowners can put land forward as a candidate site.
Section 106 and CIL
Section 106 agreements apply in Wales, and a small number of Welsh councils charge the Community Infrastructure Levy.
Common problems, and how we handle them
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
- The address or postcode
- Your title number, if you know it
- Any planning applications or letters
- Photos of the land and its access
What people ask us about an option agreement
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 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 Tenby?
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.
Other land types and routes
- 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 Tenby
- Option agreements in Dyfed
Ready to talk about your land in Tenby?
A free appraisal tells you what we'd pay and why.