Option agreements for land in Chadderton
If you own land near Chadderton, 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.
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
- No pressure to decide
Selling land near Chadderton?
Send the postcode and a rough size.
Chadderton at a glance
From Chadderton, it's 1 mile to Oldham and 2 miles to Royton. We buy land across that whole stretch of Greater Manchester, not only within the town.
A dense urban core where most new homes are on brownfield land, with green belt on the edges climbing towards the Pennines.
| Town | Chadderton |
|---|---|
| County | Greater Manchester |
| Country | England |
| Postcode district | OL9 |
| OS grid square | SD90 |
| Nearest towns we cover | Oldham (1 mi), Royton (2 mi), Middleton (2 mi) |
| Distance from Manchester | About 6 miles north-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
- Larger fields and blocks on the edge of towns and villages
- Owners happy to wait several years for a higher price
- 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.
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.
Minimum price
A floor that protects you if values fall.
Term
How long we have to secure permission and exercise the option.
Land near Chadderton that an option agreement suits
Land with planning permission in Chadderton
Rarely needed once consent exists, but can suit phased sites.
Land without planning permission in Chadderton
We pay for the right to buy later and fund the planning work meanwhile.
Infill plots and gap sites in Chadderton
Seldom needed for single infill plots.
Small sites in Chadderton
Useful if land needs assembling from more than one owner.
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.
The legal work
Your solicitor and ours handle the contract through to completion.
Planning and legal points for land in Greater Manchester
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
Questions from landowners near Chadderton
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.
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 Chadderton?
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
- 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 Chadderton
- Option agreements in Greater Manchester
Find out what we'd pay for your land near Chadderton
Call 0800 088 6248 or send the details. There's no obligation.