Option agreements for land in Newtown
If you own land near Newtown, you may be wondering whether an option agreement would suit you. The answer depends on your land's planning prospects and how soon you want to be paid.
If your land could be allocated in a future local plan, an option keeps it moving towards development without you funding the work.
- Free appraisal and written offer
- No pressure to decide
- Independent advice encouraged
Selling land near Newtown?
We'll check the title and planning, then call you.
Where Newtown sits
Our appraisals for Newtown start with the SY16 postcode district and the OS grid square SO19, then widen out to Welshpool, Llandrindod Wells and Oswestry, all within about 26 miles.
| Town | Newtown |
|---|---|
| County | Powys |
| Country | Wales |
| Postcode district | SY16 |
| OS grid square | SO19 |
| Nearest towns we cover | Welshpool (12 mi), Llandrindod Wells (19 mi), Oswestry (26 mi) |
| 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 |
When an option agreement suits land near Newtown
- Larger fields and blocks on the edge of towns and villages
- Land being considered in a local plan review
- Land needing access or infrastructure to be unlocked
- Owners who want to keep farming until development
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.
Minimum price
A floor that protects you if values fall.
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 Newtown that an option agreement suits
Land without planning permission in Newtown
We pay for the right to buy later and fund the planning work meanwhile.
Garden land and backland in Newtown
Useful when several neighbours' gardens are being assembled.
Infill plots and gap sites in Newtown
Seldom needed for single infill plots.
Redundant commercial and industrial land in Newtown
Useful where vacant possession is some way off.
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.
The legal work
Your solicitor and ours handle the contract through to completion.
What Wales's rules mean for your land
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.
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
- The address or postcode
- Details of any tenants or grazing agreements
- Photos of the land and its access
- How soon you'd ideally like to sell
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.
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 buy land in Newtown?
Yes. We consider land in and around Newtown and across Powys. Whether we can make an offer depends on the land itself, especially its access and planning prospects, and we'll tell you either way.
Also near Newtown
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 Newtown
- Option agreements in Powys
Get a straight answer about your land
A free appraisal tells you what we'd pay and why.