Option agreements for land in Basingstoke
Choosing how to sell matters as much as choosing who to sell to. For land near Basingstoke, 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.
- No commission: we're the buyer
- Figures explained, so you can check them
- Independent advice encouraged
Tell us about your land
Free, no-obligation appraisal.
Basingstoke at a glance
From Basingstoke, it's 11 miles to Fleet and 12 miles to Thatcham. We buy land across that whole stretch of Hampshire, not only within the town.
Home to the New Forest and part of the South Downs National Park, with growth around Southampton, Portsmouth, Basingstoke and the market towns.
| Town | Basingstoke |
|---|---|
| County | Hampshire |
| Country | England |
| Postcode district | RG21 |
| OS grid square | SU65 |
| Nearest towns we cover | Fleet (11 mi), Thatcham (12 mi), Yateley (12 mi) |
| Distance from Southampton | About 28 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 |
Is an option agreement right for your land?
- 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
- Sites with technical issues that need time to resolve
An option can capture more of your land's value where it needs a long planning journey, but the details matter. We explain every term before you commit.
What to check in an option agreement
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.
Your obligations
Agreements set what you can and can't do with the land in the meantime.
Land near Basingstoke that an option agreement suits
Land without planning permission in Basingstoke
We pay for the right to buy later and fund the planning work meanwhile.
Farmland and agricultural land in Basingstoke
Common for edge-of-town farmland promoted through the local plan.
Garden land and backland in Basingstoke
Useful when several neighbours' gardens are being assembled.
Brownfield land in Basingstoke
Can suit larger brownfield sites with a longer planning route.
What happens next
Send us the address
A postcode, a plan or a what3words location is enough to start.
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.
Common problems, and how we handle them
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
- Details of any tenants or grazing agreements
- How soon you'd ideally like to sell
What people ask us about an option 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.
How long do options last?
It varies with the site. Several years is typical for land needing local plan allocation, often with extension rights.
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 Basingstoke?
Yes. We consider land in and around Basingstoke and across Hampshire. 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 in Basingstoke
- 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 Basingstoke
- Option agreements in Hampshire
Find out what we'd pay for your land near Basingstoke
A free appraisal tells you what we'd pay and why.