Option agreements for land in Stretford
Choosing how to sell matters as much as choosing who to sell to. For land near Stretford, an option agreement trades certainty and timing in a particular way.
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
- Independent advice encouraged
Tell us about your land
Free, no-obligation appraisal.
Where Stretford sits
Stretford (M32) sits in OS grid square SJ79, some 4 miles south-west of Manchester. Sites between here and Old Trafford or Sale are just as much of interest to us.
A dense urban core where most new homes are on brownfield land, with green belt on the edges climbing towards the Pennines.
| Town | Stretford |
|---|---|
| County | Greater Manchester |
| Country | England |
| Postcode district | M32 |
| OS grid square | SJ79 |
| Nearest towns we cover | Old Trafford (1 mi), Urmston (2 mi), Sale (2 mi) |
| Distance from Manchester | About 4 miles south-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
- Owners happy to wait several years for a higher price
- Holdings where several owners need to work together
- Owners who want to keep farming until development
- Sites with technical issues that need time to resolve
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
Minimum price
A floor that protects you if values fall.
Term
How long we have to secure permission and exercise the option.
Exercise triggers
What has to happen before we can buy.
Your obligations
Agreements set what you can and can't do with the land in the meantime.
Land near Stretford that an option agreement suits
Land for affordable homes in Stretford
Useful while housing need is evidenced and a scheme is prepared.
Barns and rural buildings in Stretford
Less common for single buildings but can suit whole farmyards.
Brownfield land in Stretford
Can suit larger brownfield sites with a longer planning route.
Redundant commercial and industrial land in Stretford
Useful where vacant possession is some way off.
What happens next
Send us the address
A postcode, a plan or a what3words location is enough to start.
We do the homework
We read the title and planning record and check flood risk and access.
We put an offer in writing
It shows how we got there. There's no obligation to accept.
The legal work
Your solicitor and ours handle the contract through to completion.
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.
Awkward details we deal with
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
- The address or postcode
- A rough size, in acres or hectares
- Your title number, if you know it
- Any planning applications or letters
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.
Do you buy land in Stretford?
Yes. We consider land in and around Stretford 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.
More land we buy in Stretford
- 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 Stretford
- Option agreements in Greater Manchester
Ready to talk about your land in Stretford?
Call 0800 088 6248 or send the details. There's no obligation.