Option agreements for land in Bishops Stortford
Before you agree an option agreement on land near Bishops Stortford, it helps to know exactly when you'd be paid, who carries the planning risk and how the price is set.
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
We'll check the title and planning, then call you.
Bishops Stortford at a glance
Bishops Stortford (CM23) sits in OS grid square TL42, about 28 miles north-east of Watford. Sites between here and Harlow or Hertford are just as much of interest to us.
| Town | Bishops Stortford |
|---|---|
| County | Hertfordshire |
| Country | England |
| Postcode district | CM23 |
| OS grid square | TL42 |
| Nearest towns we cover | Harlow (7 mi), Hoddesdon (10 mi), Hertford (11 mi) |
| Distance from Watford | 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?
- Larger fields and blocks on the edge of towns and villages
- Land being considered in a local plan review
- Owners happy to wait several years for a higher price
- Holdings where several owners need to work together
If your land could be allocated in a future local plan, an option keeps it moving towards development without you funding the work.
The terms that matter
Option fee
A payment on signing, which you usually keep even if the option isn't exercised.
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.
Your obligations
Agreements set what you can and can't do with the land in the meantime.
Land near Bishops Stortford that an option agreement suits
Land without planning permission in Bishops Stortford
We pay for the right to buy later and fund the planning work meanwhile.
Large strategic sites in Bishops Stortford
The usual route: an option fee now and a price based on market value later.
Barns and rural buildings in Bishops Stortford
Less common for single buildings but can suit whole farmyards.
Garage sites in Bishops Stortford
Rarely needed unless several garage owners are involved.
How a sale works
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.
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.
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
- Your title number, if you know it
- Photos of the land and its access
Your questions answered
Do I keep the option fee if you don't buy?
Normally, yes. The terms are set out in the 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.
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 Bishops Stortford?
Yes. We consider land in and around Bishops Stortford and across Hertfordshire. 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 Bishops Stortford
- Option agreements in Hertfordshire
Get a straight answer about your land
A free appraisal tells you what we'd pay and why.