Option agreements for land in Hinckley
Before you agree an option agreement on land near Hinckley, 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
- Independent advice encouraged
- We fund the planning work
Selling land near Hinckley?
Free, no-obligation appraisal.
Where Hinckley sits
Our appraisals for Hinckley start with the LE10 postcode district and the OS grid square SP49, then widen out to Earl Shilton, Nuneaton and Bedworth, all within about 6 miles.
Largely lowland farmland and growing towns. Unlike many Midlands counties, Leicestershire has no designated green belt.
| Town | Hinckley |
|---|---|
| County | Leicestershire |
| Country | England |
| Postcode district | LE10 |
| OS grid square | SP49 |
| Nearest towns we cover | Earl Shilton (4 mi), Nuneaton (4 mi), Bedworth (6 mi) |
| Distance from Leicester | About 12 miles south-west |
| 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 |
Who an option agreement works best for
- Larger fields and blocks on the edge of towns and villages
- 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.
The terms that matter
Option fee
A payment on signing, which you usually keep even if the option isn't exercised.
Deductions
Which planning and infrastructure costs come off the price before you're paid.
Exercise triggers
What has to happen before we can buy.
Your obligations
Agreements set what you can and can't do with the land in the meantime.
Land near Hinckley that an option agreement suits
Paddocks and equestrian land in Hinckley
Useful where the paddock could form part of a wider site.
Building plots in Hinckley
Rarely needed for single plots.
Garage sites in Hinckley
Rarely needed unless several garage owners are involved.
Brownfield land in Hinckley
Can suit larger brownfield sites with a longer planning route.
What happens next
Tell us about your land
Send the postcode or address and a rough size.
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.
Planning and legal points for land in Leicestershire
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
- Your title number, if you know it
- Details of any tenants or grazing agreements
- 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.
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.
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 Hinckley?
Yes. Villages between Hinckley, Earl Shilton and Nuneaton often have the kind of edge-of-settlement land we're looking for.
Option agreements near Hinckley
Other land types and routes
- 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 Hinckley
- Option agreements in Leicestershire
Find out what we'd pay for your land near Hinckley
Send the postcode and a rough size. We'll check the title and planning position and come back to you.