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

Option agreements for land in Speke

For owners in Speke and the L24 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
  • No commission: we're the buyer
  • No pressure to decide

Tell us about your land

Send the postcode and a rough size.

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.

Speke at a glance

The land we're most interested in near Speke sits on the edge of the built-up area or in the villages towards Halewood (1 mile) and Garston (2 miles).

TownSpeke
CountyMerseyside
CountryEngland
Postcode districtL24
OS grid squareSJ48
Nearest towns we coverHalewood (1 mi), Garston (2 mi), Runcorn (5 mi)
Distance from LiverpoolAbout 7 miles south-east
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

Who an option agreement works best for

  • Larger fields and blocks on the edge of towns and villages
  • Land being considered in a local plan review
  • Owners who want to keep farming until development
  • Sites with technical issues that need time to resolve

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.

The terms that matter

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.

Term

How long we have to secure permission and exercise the option.

Deductions

Which planning and infrastructure costs come off the price before you're paid.

Land near Speke that an option agreement suits

Land for affordable homes in Speke

Useful while housing need is evidenced and a scheme is prepared.

Building plots in Speke

Rarely needed for single plots.

Infill plots and gap sites in Speke

Seldom needed for single infill plots.

Redundant commercial and industrial land in Speke

Useful where vacant possession is some way off.

What happens next

  1. Tell us about your land

    Send the postcode or address and a rough size.

  2. We check it properly

    Title, planning history, access, flood maps and local policy.

  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.

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

  • The address or postcode
  • Your title number, if you know it
  • Any planning applications or letters
  • 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 Speke?

Yes. Villages between Speke, Halewood and Garston often have the kind of edge-of-settlement land we're looking for.

Nearby towns

Other land in Speke

Ready to talk about your land in Speke?

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

Get an offerCall 0800 088 6248