Option agreements for land in Wellingborough
If you own land in or around Wellingborough, option agreements is one of four ways you can sell it to us. Here's how it works and when it makes sense.
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
- Figures explained, so you can check them
- We fund the planning work
Selling land near Wellingborough?
Free, no-obligation appraisal.
Where Wellingborough sits
From Wellingborough, it's 4 miles to Rushden and 7 miles to Kettering. We buy land across that whole stretch of Northamptonshire, not only within the town.
Rolling farmland and expanding towns such as Northampton, Corby and Kettering, with no designated green belt.
| Town | Wellingborough |
|---|---|
| County | Northamptonshire |
| Country | England |
| Postcode district | NN8 |
| OS grid square | SP86 |
| Nearest towns we cover | Rushden (4 mi), Kettering (7 mi), Northampton (9 mi) |
| Distance from Northampton | About 9 miles north-east |
| 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 |
When an option agreement suits land near Wellingborough
- Larger fields and blocks on the edge of towns and villages
- Owners happy to wait several years for a higher price
- Owners who want to keep farming until development
- Sites with technical issues that need time to resolve
Options are the usual way to bring larger sites forward. They let us invest in planning while you keep ownership and the use of your land.
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.
Minimum price
A floor that protects you if values fall.
Deductions
Which planning and infrastructure costs come off the price before you're paid.
Land near Wellingborough that an option agreement suits
Farmland and agricultural land in Wellingborough
Common for edge-of-town farmland promoted through the local plan.
Paddocks and equestrian land in Wellingborough
Useful where the paddock could form part of a wider site.
Barns and rural buildings in Wellingborough
Less common for single buildings but can suit whole farmyards.
Garden land and backland in Wellingborough
Useful when several neighbours' gardens are being assembled.
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.
You get a written offer
With the main figures behind it, so your adviser can check it.
The legal work
Your solicitor and ours handle the contract through to completion.
Planning and legal points for land in Northamptonshire
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
- The address or postcode
- A plan, or a screenshot from an online map
- Photos of the land and its access
- How soon you'd ideally like to sell
Questions from landowners near Wellingborough
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 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.
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 Wellingborough?
Yes. Villages between Wellingborough, Rushden and Kettering often have the kind of edge-of-settlement land we're looking for.
Option agreements near Wellingborough
More land we buy in Wellingborough
- 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 Wellingborough
- Option agreements in Northamptonshire
Find out what we'd pay for your land near Wellingborough
Send the postcode and a rough size. We'll check the title and planning position and come back to you.