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Option agreements for land in Grantham

For owners in Grantham and the NG31 area, an option agreement is worth understanding before you talk to any buyer, including us.

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
  • Figures explained, so you can check them
  • No pressure to decide

Get an offer for land in Grantham

Send the postcode and a rough size.

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

Where Grantham sits

Grantham (NG31) sits in OS grid square SK93, about 22 miles south of Lincoln. Sites between here and Newark-on-Trent or Oakham are just as much of interest to us.

A large arable county with the Lincolnshire Wolds National Landscape and wide low-lying areas where flood risk guides new building.

TownGrantham
CountyLincolnshire
CountryEngland
Postcode districtNG31
OS grid squareSK93
Nearest towns we coverNewark-on-Trent (13 mi), Melton Mowbray (14 mi), Oakham (17 mi)
Distance from LincolnAbout 22 miles south
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?

  • Larger fields and blocks on the edge of towns and villages
  • Land being considered in a local plan review
  • Holdings where several owners need to work together
  • 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.

What to check in an option agreement

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.

Exercise triggers

What has to happen before we can buy.

Land near Grantham that an option agreement suits

Land without planning permission in Grantham

We pay for the right to buy later and fund the planning work meanwhile.

Building plots in Grantham

Rarely needed for single plots.

Redundant commercial and industrial land in Grantham

Useful where vacant possession is some way off.

Inherited and probate land in Grantham

Can suit families who want to hold on while planning is explored.

What happens next

  1. Send us the address

    A postcode, a plan or a what3words location is enough to start.

  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. Solicitors complete the sale

    Exchange and complete, or exchange now and complete when planning is granted.

Planning and legal points for land in Lincolnshire

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'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

  • A plan, or a screenshot from an online map
  • Your title number, if you know it
  • Details of any tenants or grazing agreements
  • How soon you'd ideally like to sell

Questions from landowners near Grantham

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 long do options last?

It varies with the site. Several years is typical for land needing local plan allocation, often with extension rights.

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.

How do I get an offer for land in Grantham?

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.

Nearby towns

Other land types and routes

Find out what we'd pay for your land near Grantham

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

Get an offerCall 0800 088 6248