Option agreements for land in Llandrindod Wells
If you own land in or around Llandrindod Wells, 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
- Independent advice encouraged
- We fund the planning work
Tell us about your land
We'll check the title and planning, then call you.
Llandrindod Wells at a glance
Llandrindod Wells lies in Powys, some 19 miles south of Newtown. Nearby, we also look at land around Newtown (19 miles), Brecon (20 miles) and Leominster (27 miles).
A large rural county including much of Bannau Brycheiniog National Park, with small market towns spread across it.
| Town | Llandrindod Wells |
|---|---|
| County | Powys |
| Country | Wales |
| Postcode district | LD1 |
| OS grid square | SO06 |
| Nearest towns we cover | Newtown (19 mi), Brecon (20 mi), Leominster (27 mi) |
| Distance from Newtown | About 19 miles south |
| Planning system | Planning Policy Wales and Local Development Plan |
| When you're paid | Option fee now, price when the option is exercised |
| Planning costs | Ours, sometimes recoverable from the price |
Who an option agreement works best for
- 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
- Land needing access or infrastructure to be unlocked
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.
What to check in an option agreement
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.
Exercise triggers
What has to happen before we can buy.
Land near Llandrindod Wells that an option agreement suits
Land for affordable homes in Llandrindod Wells
Useful while housing need is evidenced and a scheme is prepared.
Infill plots and gap sites in Llandrindod Wells
Seldom needed for single infill plots.
Brownfield land in Llandrindod Wells
Can suit larger brownfield sites with a longer planning route.
Redundant commercial and industrial land in Llandrindod Wells
Useful where vacant possession is some way off.
What happens next
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.
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.
Planning and legal points for land in Powys
Planning framework
Planning in Wales follows Planning Policy Wales, the national plan Future Wales and the Local Development Plan, prepared by the council or, in a national park, the park authority. When plans are reviewed, landowners can put land forward as a candidate site.
Section 106 and CIL
Section 106 agreements apply in Wales, and a small number of Welsh councils charge the Community Infrastructure Levy.
Awkward details we deal with
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
- A rough size, in acres or hectares
- A plan, or a screenshot from an online map
- Photos of the land and its access
Questions from landowners near Llandrindod Wells
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.
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 you visit land near Llandrindod Wells?
Yes. Once we've looked at the title and planning position, we arrange a site visit if the land looks suitable. Send the address or postcode to start.
Other land types and routes
- 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 Llandrindod Wells
- Option agreements in Powys
Ready to talk about your land in Llandrindod Wells?
Send the postcode and a rough size. We'll check the title and planning position and come back to you.