Option agreements for land in Towcester
Before you agree an option agreement on land near Towcester, it helps to know exactly when you'd be paid, who carries the planning risk and how the price is set.
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
- Independent advice encouraged
- We fund the planning work
Get an offer for land in Towcester
We'll check the title and planning, then call you.
Where Towcester sits
The land we're most interested in near Towcester sits on the edge of the built-up area or in the villages towards Northampton (9 miles) and Brackley (10 miles).
Rolling farmland and expanding towns such as Northampton, Corby and Kettering, with no designated green belt.
| Town | Towcester |
|---|---|
| County | Northamptonshire |
| Country | England |
| Postcode district | NN12 |
| OS grid square | SP64 |
| Nearest towns we cover | Northampton (9 mi), Brackley (10 mi), Daventry (11 mi) |
| Distance from Northampton | About 9 miles south-west |
| 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?
- Owners happy to wait several years for a higher price
- 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.
The terms that matter
Minimum price
A floor that protects you if values fall.
Deductions
Which planning and infrastructure costs come off the price before you're paid.
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 Towcester that an option agreement suits
Land with planning permission in Towcester
Rarely needed once consent exists, but can suit phased sites.
Land for affordable homes in Towcester
Useful while housing need is evidenced and a scheme is prepared.
Infill plots and gap sites in Towcester
Seldom needed for single infill plots.
Garage sites in Towcester
Rarely needed unless several garage owners are involved.
From first call to completion
Send us the address
A postcode, a plan or a what3words location is enough to start.
We check it properly
Title, planning history, access, flood maps and local policy.
You get a written offer
With the main figures behind it, so your adviser can check it.
Solicitors complete the sale
Exchange and complete, or exchange now and complete when planning is granted.
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'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 rough size, in acres or hectares
- A plan, or a screenshot from an online map
- Your title number, if you know it
- How soon you'd ideally like to sell
Your questions answered
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.
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 Towcester?
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.
Option agreements near Towcester
Other land in Towcester
- 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 Towcester
- Option agreements in Northamptonshire
Find out what we'd pay for your land near Towcester
A free appraisal tells you what we'd pay and why.