Option agreements for land in Cardiff
Choosing how to sell matters as much as choosing who to sell to. For land near Cardiff, an option agreement trades certainty and timing in a particular way.
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.
- Free appraisal and written offer
- No commission: we're the buyer
- We fund the planning work
Tell us about your land
We'll check the title and planning, then call you.
Land around Cardiff
From Cardiff, it's 2 miles to Llandaff and 3 miles to Whitchurch. We buy land across that whole stretch of South Glamorgan, not only within the town.
Cardiff and the Vale of Glamorgan, where demand for homes is high and the city's edges are managed through green wedge policy.
| Town | Cardiff |
|---|---|
| County | South Glamorgan |
| Country | Wales |
| Postcode district | CF10 |
| OS grid square | ST17 |
| Nearest towns we cover | Llandaff (2 mi), Whitchurch (3 mi), Penarth (3 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 |
Is an option agreement right for your land?
- Larger fields and blocks on the edge of towns and villages
- 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
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.
Exercise triggers
What has to happen before we can buy.
Land near Cardiff that an option agreement suits
Land without planning permission in Cardiff
We pay for the right to buy later and fund the planning work meanwhile.
Paddocks and equestrian land in Cardiff
Useful where the paddock could form part of a wider site.
Small sites in Cardiff
Useful if land needs assembling from more than one owner.
Redundant commercial and industrial land in Cardiff
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 do the homework
We read the title and planning record and check flood risk and access.
We put an offer in writing
It shows how we got there. There's no obligation to accept.
Solicitors complete the sale
Exchange and complete, or exchange now and complete when planning is granted.
Rules that apply in Wales
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
- Photos of the land and its access
- How soon you'd ideally like to sell
Questions from landowners near Cardiff
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.
How long do options last?
It varies with the site. Several years is typical for land needing local plan allocation, often with extension rights.
How do I get an offer for land in Cardiff?
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 Cardiff
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 Cardiff
- Option agreements in South Glamorgan
Find out what we'd pay for your land near Cardiff
Call 0800 088 6248 or send the details. There's no obligation.