Option agreements for land in Oadby
If you own land near Oadby, 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.
If your land could be allocated in a future local plan, an option keeps it moving towards development without you funding the work.
- No commission: we're the buyer
- Figures explained, so you can check them
- We fund the planning work
Tell us about your land
Free, no-obligation appraisal.
Where Oadby sits
Our appraisals for Oadby start with the LE2 postcode district and the OS grid square SK60, then widen out to Wigston, Humberstone and Leicester, all within about 3 miles.
Largely lowland farmland and growing towns. Unlike many Midlands counties, Leicestershire has no designated green belt.
| Town | Oadby |
|---|---|
| County | Leicestershire |
| Country | England |
| Postcode district | LE2 |
| OS grid square | SK60 |
| Nearest towns we cover | Wigston (2 mi), Humberstone (3 mi), Leicester (3 mi) |
| Distance from Leicester | About 3 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 Oadby
- 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
- 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.
Minimum price
A floor that protects you if values fall.
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 Oadby that an option agreement suits
Farmland and agricultural land in Oadby
Common for edge-of-town farmland promoted through the local plan.
Paddocks and equestrian land in Oadby
Useful where the paddock could form part of a wider site.
Garden land and backland in Oadby
Useful when several neighbours' gardens are being assembled.
Inherited and probate land in Oadby
Can suit families who want to hold on while planning is explored.
How a sale works
Send us the address
A postcode, a plan or a what3words location is enough to start.
We do the homework
We read the title and planning record and check flood risk and access.
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.
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.
Common problems, and how we handle them
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
- A rough size, in acres or hectares
- A plan, or a screenshot from an online map
- Your title number, if you know it
- Any planning applications or letters
Your questions answered
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.
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 Oadby?
Yes. Villages between Oadby, Wigston and Humberstone often have the kind of edge-of-settlement land we're looking for.
More land we buy in Oadby
- 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 Oadby
- Option agreements in Leicestershire
Ready to talk about your land in Oadby?
A free appraisal tells you what we'd pay and why.