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Option agreements for land in Monmouth

If you own land near Monmouth, 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
  • No commission: we're the buyer
  • Figures explained, so you can check them

Tell us about your land

Free, no-obligation appraisal.

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

Where Monmouth sits

Our appraisals for Monmouth start with the NP25 postcode district and the OS grid square SO51, then widen out to Ross-on-Wye, Chepstow and Abergavenny, all within about 13 miles.

TownMonmouth
CountyGwent
CountryWales
Postcode districtNP25
OS grid squareSO51
Nearest towns we coverRoss-on-Wye (10 mi), Chepstow (12 mi), Abergavenny (13 mi)
Distance from NewportAbout 20 miles north-east
Planning systemPlanning Policy Wales and Local Development 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?

  • Holdings where several owners need to work together
  • Land needing access or infrastructure to be unlocked
  • 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.

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 Monmouth that an option agreement suits

Large strategic sites in Monmouth

The usual route: an option fee now and a price based on market value later.

Land for affordable homes in Monmouth

Useful while housing need is evidenced and a scheme is prepared.

Barns and rural buildings in Monmouth

Less common for single buildings but can suit whole farmyards.

Infill plots and gap sites in Monmouth

Seldom needed for single infill plots.

From first call to completion

  1. Tell us about your land

    Send the postcode or address and a rough size.

  2. We do the homework

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

  3. You get a written offer

    With the main figures behind it, so your adviser can check it.

  4. Solicitors complete the sale

    Exchange and complete, or exchange now and complete when planning is granted.

What Wales's rules mean for your land

Planning framework

Planning in Wales follows Planning Policy Wales, the national plan Future Wales and the Local Development Plan, prepared by the council or, in a national park, the park authority. When plans are reviewed, landowners can put land forward as a candidate site.

Section 106 and CIL

Section 106 agreements apply in Wales, and a small number of Welsh councils charge the Community Infrastructure Levy.

Common problems, and how we handle them

You want to be sure we'll actually pursue planning

Agreements can include obligations to use reasonable endeavours and set milestones.

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
  • Any planning applications or letters
  • How soon you'd ideally like to sell

What people ask us about an option agreement

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.

How do I get an offer for land in Monmouth?

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 Monmouth

Other land in Monmouth

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