Option agreements for land in South Glamorgan
For landowners in South Glamorgan, an option agreement is one of four ways to sell to us. Here's how it works there.
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
- Figures explained, so you can check them
- Independent advice encouraged
Get an offer for land in South Glamorgan
Send the postcode and a rough size.
Option agreements in South Glamorgan at a glance
Cardiff and the Vale of Glamorgan, where demand for homes is high and the city's edges are managed through green wedge policy.
| County | South Glamorgan |
|---|---|
| Country | Wales |
| Towns we cover here | 8 |
| Main town | Cardiff |
| Example postcode districts | CF5, CF10, CF14, CF61, CF62 |
| Planning system | Planning Policy Wales and Local Development Plan |
| When you're paid | Option fee now, price when the option is exercised |
| Timescale | Often several years |
When an option agreement suits land in South Glamorgan
- Land being considered in a local plan review
- Holdings where several owners need to work together
- 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.
How the money works
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.
Your obligations
Agreements set what you can and can't do with the land in the meantime.
Land an option agreement works for in South Glamorgan
Development land in South Glamorgan
Suits larger fields where the planning route may take several years.
Land with planning permission in South Glamorgan
Rarely needed once consent exists, but can suit phased sites.
Land without planning permission in South Glamorgan
We pay for the right to buy later and fund the planning work meanwhile.
Paddocks and equestrian land in South Glamorgan
Useful where the paddock could form part of a wider site.
Infill plots and gap sites in South Glamorgan
Seldom needed for single infill plots.
Landlocked land and access problems in South Glamorgan
Useful while access is negotiated with neighbours.
What happens next
Tell us about your land
Send the postcode or address and a rough size.
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.
Planning and legal points for land in South Glamorgan
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'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
- A rough size, in acres or hectares
- Your title number, if you know it
- Any planning applications or letters
- How soon you'd ideally like to sell
Questions from landowners in South Glamorgan
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.
Do you buy land in South Glamorgan?
Yes. We consider land across South Glamorgan, from Cardiff to the smaller towns and villages. Whether we can make an offer depends on the land itself, and we'll tell you either way.
Option agreements by town in South Glamorgan
Find out what we'd pay for your land in South Glamorgan
Send the postcode and a rough size and we'll come back with a straight answer.