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Option agreements for land in Canning Town

For owners in Canning Town and the E16 area, an option agreement is worth understanding before you talk to any buyer, including us.

If your land could be allocated in a future local plan, an option keeps it moving towards development without you funding the work.

  • Free appraisal and written offer
  • Figures explained, so you can check them
  • Independent advice encouraged

Selling land near Canning Town?

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Free and no obligation. We're the buyer, so there's no commission.

Land around Canning Town

Canning Town (E16) sits in OS grid square TQ48, some 6 miles east of central London. Sites between here and Stratford or Canary Wharf are just as much of interest to us.

TownCanning Town
CountyGreater London
CountryEngland
Postcode districtE16
OS grid squareTQ48
Nearest towns we coverStratford (2 mi), Bow (2 mi), Canary Wharf (2 mi)
Distance from central LondonAbout 6 miles east
Planning systemNational Planning Policy Framework and local plan
When you're paidOption fee now, price when the option is exercised
Planning costsOurs, sometimes recoverable from the price
Two people in outdoor jackets walking along a hedgerow, one pointing across the field

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
  • 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.

What to check in an option agreement

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.

Your obligations

Agreements set what you can and can't do with the land in the meantime.

Land near Canning Town that an option agreement suits

Development land in Canning Town

Suits larger fields where the planning route may take several years.

Land with planning permission in Canning Town

Rarely needed once consent exists, but can suit phased sites.

Infill plots and gap sites in Canning Town

Seldom needed for single infill plots.

Garage sites in Canning Town

Rarely needed unless several garage owners are involved.

From first call to completion

  1. Send us the address

    A postcode, a plan or a what3words location is enough to start.

  2. We do the homework

    We read the title and planning record and check flood risk and access.

  3. We put an offer in writing

    It shows how we got there. There's no obligation to accept.

  4. 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 plan, or a screenshot from an online map
  • Your title number, if you know it
  • Photos of the land and its access
  • How soon you'd ideally like to sell

What people ask us about an option agreement

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.

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.

How do I get an offer for land in Canning Town?

Use the form on this page or call 0800 088 6248. Tell us the postcode, the rough size and anything you know about planning, and we'll come back to you.

Also near Canning Town

Other land types and routes

Get a straight answer about your land

Call 0800 088 6248 or send the details. There's no obligation.

Get an offerCall 0800 088 6248