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Option agreements for land in King's Lynn

For owners in King's Lynn and the PE30 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.

  • No commission: we're the buyer
  • No pressure to decide
  • Independent advice encouraged

Tell us about your land

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 King's Lynn sits

Our appraisals for King's Lynn start with the PE30 postcode district and the OS grid square TF61, then widen out to Downham Market, Wisbech and March, all within about 19 miles.

Mainly arable farmland, with the Broads in the east and the Norfolk Coast National Landscape. Nutrient rules have affected new housing in parts of the county.

TownKing's Lynn
CountyNorfolk
CountryEngland
Postcode districtPE30
OS grid squareTF61
Nearest towns we coverDownham Market (10 mi), Wisbech (12 mi), March (19 mi)
Distance from NorwichAbout 39 miles west
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

  • Holdings where several owners need to work together
  • 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.

What to check in an option agreement

Purchase price

Often a percentage of market value with permission, less agreed costs.

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.

Your obligations

Agreements set what you can and can't do with the land in the meantime.

Land near King's Lynn that an option agreement suits

Land with planning permission in King's Lynn

Rarely needed once consent exists, but can suit phased sites.

Land for affordable homes in King's Lynn

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

Barns and rural buildings in King's Lynn

Less common for single buildings but can suit whole farmyards.

Landlocked land and access problems in King's Lynn

Useful while access is negotiated with neighbours.

What happens next

  1. Tell us about your land

    Send the postcode or address and a rough size.

  2. We do the homework

    We read the title and planning record and check flood risk and access.

  3. We put an offer in writing

    It shows how we got there. There's no obligation to accept.

  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.

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 want to be sure we'll actually pursue planning

Agreements can include obligations to use reasonable endeavours and set milestones.

Useful to send us

  • A plan, or a screenshot from an online map
  • Any planning applications or letters
  • Photos of the land and its access
  • How soon you'd ideally like to sell

What people ask us about an option agreement

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.

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 King's Lynn?

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

More land we buy in King's Lynn

Find out what we'd pay for your land near King's Lynn

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