Option agreements for land in Banstead
We offer an option agreement on land across Surrey, including sites around Banstead, Sutton and Ewell.
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
- Figures explained, so you can check them
- No pressure to decide
Selling land near Banstead?
Free, no-obligation appraisal.
Banstead at a glance
From Banstead, it's 2 miles to Sutton and 3 miles to Ewell. We buy land across that whole stretch of Surrey, not only within the town.
Most of the county is Metropolitan Green Belt, and the Surrey Hills National Landscape covers much of the rest.
| Town | Banstead |
|---|---|
| County | Surrey |
| Country | England |
| Postcode district | SM7 |
| OS grid square | TQ25 |
| Nearest towns we cover | Sutton (2 mi), Ewell (3 mi), Epsom (3 mi) |
| Distance from Woking | About 15 miles 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 |
Is an option agreement right for your land?
- Land being considered in a local plan review
- Owners happy to wait several years for a higher price
- Land needing access or infrastructure to be unlocked
- Owners who want to keep farming until development
An option can capture more of your land's value where it needs a long planning journey, but the details matter. We explain every term before you commit.
The terms that matter
Purchase price
Often a percentage of market value with permission, less agreed costs.
Minimum price
A floor that protects you if values fall.
Term
How long we have to secure permission and exercise the option.
Exercise triggers
What has to happen before we can buy.
Land near Banstead that an option agreement suits
Large strategic sites in Banstead
The usual route: an option fee now and a price based on market value later.
Small sites in Banstead
Useful if land needs assembling from more than one owner.
Brownfield land in Banstead
Can suit larger brownfield sites with a longer planning route.
Redundant commercial and industrial land in Banstead
Useful where vacant possession is some way off.
How a sale works
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.
Planning and legal points for land in Surrey
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'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
- A rough size, in acres or hectares
- A plan, or a screenshot from an online map
- Any planning applications or letters
- Photos of the land and its access
Your questions answered
Do I keep the option fee if you don't buy?
Normally, yes. The terms are set out in the agreement.
How long do options last?
It varies with the site. Several years is typical for land needing local plan allocation, often with extension rights.
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 Banstead?
Yes. We consider land in and around Banstead and across Surrey. Whether we can make an offer depends on the land itself, especially its access and planning prospects, and we'll tell you either way.
Nearby towns
Other land types and routes
- Development land
- Land with planning permission
- Land without planning permission
- Large strategic sites
- Green belt and grey belt land
- 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 Banstead
- Option agreements in Surrey
Find out what we'd pay for your land near Banstead
A free appraisal tells you what we'd pay and why.