Option agreements for land in Humberstone
If you own land near Humberstone, 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 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
- No pressure to decide
Get an offer for land in Humberstone
We'll check the title and planning, then call you.
Where Humberstone sits
Humberstone (LE5) sits in OS grid square SK60, roughly 2 miles east of Leicester. Sites between here and Leicester or Wigston are just as much of interest to us.
Largely lowland farmland and growing towns. Unlike many Midlands counties, Leicestershire has no designated green belt.
| Town | Humberstone |
|---|---|
| County | Leicestershire |
| Country | England |
| Postcode district | LE5 |
| OS grid square | SK60 |
| Nearest towns we cover | Leicester (2 mi), Oadby (3 mi), Wigston (5 mi) |
| Distance from Leicester | About 2 miles 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 Humberstone
- 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
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.
Minimum price
A floor that protects you if values fall.
Deductions
Which planning and infrastructure costs come off the price before you're paid.
Exercise triggers
What has to happen before we can buy.
Land near Humberstone that an option agreement suits
Farmland and agricultural land in Humberstone
Common for edge-of-town farmland promoted through the local plan.
Paddocks and equestrian land in Humberstone
Useful where the paddock could form part of a wider site.
Building plots in Humberstone
Rarely needed for single plots.
Garden land and backland in Humberstone
Useful when several neighbours' gardens are being assembled.
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.
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.
Awkward details we deal with
You want to be sure we'll actually pursue planning
Agreements can include obligations to use reasonable endeavours and set milestones.
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
- A rough size, in acres or hectares
- A plan, or a screenshot from an online map
- 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.
How long do options last?
It varies with the site. Several years is typical for land needing local plan allocation, often with extension rights.
Do you cover the villages around Humberstone?
Yes. Villages between Humberstone, Leicester and Oadby often have the kind of edge-of-settlement land we're looking for.
Option agreements near Humberstone
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 Humberstone
- Option agreements in Leicestershire
Find out what we'd pay for your land near Humberstone
A free appraisal tells you what we'd pay and why.