Option agreements for land in Sandown
If you own land in or around Sandown, 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.
- No commission: we're the buyer
- No pressure to decide
- Independent advice encouraged
Tell us about your land
We'll check the title and planning, then call you.
Where Sandown sits
The land we're most interested in near Sandown sits on the edge of the built-up area or in the villages towards Ryde (5 miles) and Newport, Isle of Wight (7 miles).
| Town | Sandown |
|---|---|
| County | Isle of Wight |
| Country | England |
| Postcode district | PO36 |
| OS grid square | SZ58 |
| Nearest towns we cover | Ryde (5 mi), Newport, Isle of Wight (7 mi), Cowes (10 mi) |
| Distance from Newport | About 7 miles south-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 |
When an option agreement suits land near Sandown
- Larger fields and blocks on the edge of towns and villages
- 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
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
Option fee
A payment on signing, which you usually keep even if the option isn't exercised.
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.
Land near Sandown that an option agreement suits
Land without planning permission in Sandown
We pay for the right to buy later and fund the planning work meanwhile.
Land for affordable homes in Sandown
Useful while housing need is evidenced and a scheme is prepared.
Infill plots and gap sites in Sandown
Seldom needed for single infill plots.
Redundant commercial and industrial land in Sandown
Useful where vacant possession is some way off.
From first call to completion
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.
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 plan, or a screenshot from an online map
- Details of any tenants or grazing agreements
- Photos of the land and its access
Common questions
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.
Can I sell to someone else during the option?
Not usually. The option binds the land, and it's normally registered against your title.
How do I get an offer for land in Sandown?
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.
Option agreements near Sandown
More land we buy in Sandown
- Development land
- Land with planning permission
- Land without planning permission
- Large strategic sites
- 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 Sandown
- Option agreements in the Isle of Wight
Find out what we'd pay for your land near Sandown
A free appraisal tells you what we'd pay and why.