Option agreements for land in Prestwich
If you own land in or around Prestwich, option agreements is one of four ways you can sell it to us. Here's how it works and when it makes sense.
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.
- Figures explained, so you can check them
- Independent advice encouraged
- We fund the planning work
Selling land near Prestwich?
Send the postcode and a rough size.
Land around Prestwich
Prestwich lies in Greater Manchester, about 4 miles north-west of Manchester. Nearby, we also look at land around Whitefield (1 mile), Radcliffe (3 miles) and Salford (3 miles).
A dense urban core where most new homes are on brownfield land, with green belt on the edges climbing towards the Pennines.
| Town | Prestwich |
|---|---|
| County | Greater Manchester |
| Country | England |
| Postcode district | M25 |
| OS grid square | SD80 |
| Nearest towns we cover | Whitefield (1 mi), Radcliffe (3 mi), Salford (3 mi) |
| Distance from Manchester | About 4 miles north-west |
| 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 who want to keep farming until development
- 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.
The terms that matter
Purchase price
Often a percentage of market value with permission, less agreed costs.
Minimum price
A floor that protects you if values fall.
Deductions
Which planning and infrastructure costs come off the price before you're paid.
Exercise triggers
What has to happen before we can buy.
Land near Prestwich that an option agreement suits
Development land in Prestwich
Suits larger fields where the planning route may take several years.
Large strategic sites in Prestwich
The usual route: an option fee now and a price based on market value later.
Building plots in Prestwich
Rarely needed for single plots.
Small sites in Prestwich
Useful if land needs assembling from more than one owner.
What happens next
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.
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.
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
- A plan, or a screenshot from an online map
- How soon you'd ideally like to sell
Questions from landowners near Prestwich
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.
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 Prestwich?
Yes. We consider land in and around Prestwich and across Greater Manchester. Whether we can make an offer depends on the land itself, especially its access and planning prospects, and we'll tell you either way.
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 Prestwich
- Option agreements in Greater Manchester
Find out what we'd pay for your land near Prestwich
A free appraisal tells you what we'd pay and why.