Option agreements for land in Redcar
We offer an option agreement on land across North Yorkshire, including sites around Redcar, Guisborough and Middlesbrough.
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
- Independent advice encouraged
Get an offer for land in Redcar
Free, no-obligation appraisal.
Redcar at a glance
From Redcar, it's 6 miles to Guisborough and 8 miles to Middlesbrough. We buy land across that whole stretch of North Yorkshire, not only within the town.
England's largest county, taking in the Yorkshire Dales and North York Moors National Parks, with green belt around York.
| Town | Redcar |
|---|---|
| County | North Yorkshire |
| Country | England |
| Postcode district | TS10 |
| OS grid square | NZ62 |
| Nearest towns we cover | Guisborough (6 mi), Middlesbrough (8 mi), Hartlepool (8 mi) |
| Distance from York | About 46 miles north |
| 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 |
Is an option agreement right for your land?
- 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
- Owners who want to keep farming until development
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.
How the money works
Option fee
A payment on signing, which you usually keep even if the option isn't exercised.
Purchase price
Often a percentage of market value with permission, less agreed costs.
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 Redcar that an option agreement suits
Land for affordable homes in Redcar
Useful while housing need is evidenced and a scheme is prepared.
Paddocks and equestrian land in Redcar
Useful where the paddock could form part of a wider site.
Building plots in Redcar
Rarely needed for single plots.
Garage sites in Redcar
Rarely needed unless several garage owners are involved.
From first call to completion
Tell us about your land
Send the postcode or address and a rough size.
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
- Any planning applications or letters
- Details of any tenants or grazing agreements
- Photos of the land and its access
Common questions
Do I keep the option fee if you don't buy?
Normally, yes. The terms are set out in the agreement.
How is the price set?
Usually as a percentage of the land's market value once permission is granted, minus agreed costs, with a minimum price. The percentage and deductions are negotiated.
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 buy land in Redcar?
Yes. We consider land in and around Redcar and across North Yorkshire. Whether we can make an offer depends on the land itself, especially its access and planning prospects, and we'll tell you either way.
Option agreements near Redcar
More land we buy in Redcar
- Development land
- Land with planning permission
- Land without planning permission
- Large strategic sites
- Green belt and grey belt land
- 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 Redcar
- Option agreements in North Yorkshire
Get a straight answer about your land
Call 0800 088 6248 or send the details. There's no obligation.