0800 088 6248 Get an offer
Land we buyWays to sellAreasGuidesAbout Contact Get an offer

Option agreements for land in Coalville

If you own land near Coalville, 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 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.

  • Free appraisal and written offer
  • Figures explained, so you can check them
  • Independent advice encouraged

Tell us about your land

We'll check the title and planning, then call you.

Please enter your name.
Please enter a UK phone number.
Please enter a valid email address.
Please enter a postcode, or at least the first half.
Please tick the box so we can contact you.

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

Coalville at a glance

Coalville lies in Leicestershire, roughly 12 miles north-west of Leicester. Nearby, we also look at land around Loughborough (8 miles), Swadlincote (9 miles) and Earl Shilton (10 miles).

Largely lowland farmland and growing towns. Unlike many Midlands counties, Leicestershire has no designated green belt.

TownCoalville
CountyLeicestershire
CountryEngland
Postcode districtLE67
OS grid squareSK41
Nearest towns we coverLoughborough (8 mi), Swadlincote (9 mi), Earl Shilton (10 mi)
Distance from LeicesterAbout 12 miles north-west
Planning systemNational Planning Policy Framework and local 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?

  • Land being considered in a local plan review
  • Owners happy to wait several years for a higher price
  • Owners who want to keep farming until development
  • Sites with technical issues that need time to resolve

Options are the usual way to bring larger sites forward. They let us invest in planning while you keep ownership and the use of your land.

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.

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 Coalville that an option agreement suits

Development land in Coalville

Suits larger fields where the planning route may take several years.

Paddocks and equestrian land in Coalville

Useful where the paddock could form part of a wider site.

Infill plots and gap sites in Coalville

Seldom needed for single infill plots.

Brownfield land in Coalville

Can suit larger brownfield sites with a longer planning route.

How a sale works

  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. 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.

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'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
  • Any planning applications or letters
  • Details of any tenants or grazing agreements
  • Photos of the land and its access

What people ask us about an option 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.

Can I sell to someone else during the option?

Not usually. The option binds the land, and it's normally registered against your title.

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 cover the villages around Coalville?

Yes. Villages between Coalville, Loughborough and Swadlincote often have the kind of edge-of-settlement land we're looking for.

Nearby towns

More land we buy in Coalville

Ready to talk about your land in Coalville?

Call 0800 088 6248 or send the details. There's no obligation.

Get an offerCall 0800 088 6248