Option agreements for land in Becontree
Before you agree an option agreement on land near Becontree, it helps to know exactly when you'd be paid, who carries the planning risk and how the price is set.
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.
- No commission: we're the buyer
- Figures explained, so you can check them
- We fund the planning work
Get an offer for land in Becontree
Send the postcode and a rough size.
Where Becontree sits
Our appraisals for Becontree start with the RM9 postcode district and the OS grid square TQ48, then widen out to Dagenham, Barking and Ilford, all within about 2 miles.
Land is scarce and mostly brownfield. The outer boroughs contain Metropolitan Green Belt and metropolitan open land, both closely protected.
| Town | Becontree |
|---|---|
| County | Greater London |
| Country | England |
| Postcode district | RM9 |
| OS grid square | TQ48 |
| Nearest towns we cover | Dagenham (2 mi), Barking (2 mi), Ilford (2 mi) |
| Distance from central London | About 11 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
- 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
- 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.
Your obligations
Agreements set what you can and can't do with the land in the meantime.
Land near Becontree that an option agreement suits
Land without planning permission in Becontree
We pay for the right to buy later and fund the planning work meanwhile.
Infill plots and gap sites in Becontree
Seldom needed for single infill plots.
Small sites in Becontree
Useful if land needs assembling from more than one owner.
Inherited and probate land in Becontree
Can suit families who want to hold on while planning is explored.
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.
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'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
- Your title number, if you know it
- Photos of the land and its access
- How soon you'd ideally like to sell
Questions from landowners near Becontree
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.
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 buy land in Becontree?
Yes. We consider land in and around Becontree and across Greater London. Whether we can make an offer depends on the land itself, especially its access and planning prospects, and we'll tell you either way.
Also near Becontree
Other land types and routes
- Development land
- Land with planning permission
- Land without planning permission
- 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 Becontree
- Option agreements in Greater London
Ready to talk about your land in Becontree?
A free appraisal tells you what we'd pay and why.