Option agreements for land in Wallington
We offer an option agreement on land across Greater London, including sites around Wallington, Carshalton and Sutton.
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
- Figures explained, so you can check them
- We fund the planning work
Selling land near Wallington?
We'll check the title and planning, then call you.
Land around Wallington
Land around Wallington falls under England's planning system. The closest towns we also cover are Carshalton, 1 mile away, and Sutton, 2 miles away, and central London is 10 miles away.
Land is scarce and mostly brownfield. The outer boroughs contain Metropolitan Green Belt and metropolitan open land, both closely protected.
| Town | Wallington |
|---|---|
| County | Greater London |
| Country | England |
| Postcode district | SM6 |
| OS grid square | TQ26 |
| Nearest towns we cover | Carshalton (1 mi), Sutton (2 mi), South Croydon (3 mi) |
| Distance from central London | About 10 miles south |
| 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
- Larger fields and blocks on the edge of towns and villages
- Land being considered in a local plan review
- Owners happy to wait several years for a higher price
- 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.
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.
Term
How long we have to secure permission and exercise the option.
Exercise triggers
What has to happen before we can buy.
Land near Wallington that an option agreement suits
Land with planning permission in Wallington
Rarely needed once consent exists, but can suit phased sites.
Land for affordable homes in Wallington
Useful while housing need is evidenced and a scheme is prepared.
Building plots in Wallington
Rarely needed for single plots.
Brownfield land in Wallington
Can suit larger brownfield sites with a longer planning route.
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.
Solicitors complete the sale
Exchange and complete, or exchange now and complete when planning is granted.
Rules that apply in England
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 want to be sure we'll actually pursue planning
Agreements can include obligations to use reasonable endeavours and set milestones.
Useful to send us
- The address or postcode
- A rough size, in acres or hectares
- Any planning applications or letters
- How soon you'd ideally like to sell
Common questions
Do I keep the option fee if you don't buy?
Normally, yes. The terms are set out in the agreement.
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 Wallington?
Yes. We consider land in and around Wallington 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 Wallington
More land we buy in Wallington
- Development land
- Land with planning permission
- Land without planning permission
- Large strategic sites
- Green belt and grey belt land
- 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 Wallington
- Option agreements in Greater London
Ready to talk about your land in Wallington?
Send the postcode and a rough size. We'll check the title and planning position and come back to you.