Option agreements for land in Felling
For owners in Felling and the NE10 area, an option agreement is worth understanding before you talk to any buyer, including us.
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 pressure to decide
- We fund the planning work
Tell us about your land
We'll check the title and planning, then call you.
Felling at a glance
From Felling, it's 1 mile to Gateshead and 2 miles to Newcastle upon Tyne. We buy land across that whole stretch of Tyne and Wear, not only within the town.
| Town | Felling |
|---|---|
| County | Tyne and Wear |
| Country | England |
| Postcode district | NE10 |
| OS grid square | NZ26 |
| Nearest towns we cover | Gateshead (1 mi), Newcastle upon Tyne (2 mi), Hebburn (3 mi) |
| Distance from Newcastle upon Tyne | About 2 miles south-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 |
When an option agreement suits land near Felling
- 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
- Sites with technical issues that need time to resolve
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.
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.
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 Felling that an option agreement suits
Small sites in Felling
Useful if land needs assembling from more than one owner.
Garage sites in Felling
Rarely needed unless several garage owners are involved.
Brownfield land in Felling
Can suit larger brownfield sites with a longer planning route.
Redundant commercial and industrial land in Felling
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 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 Tyne and Wear
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.
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'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
- Details of any tenants or grazing agreements
- Photos of the land and its access
- How soon you'd ideally like to sell
Questions from landowners near Felling
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 I sell to someone else during the option?
Not usually. The option binds the land, and it's normally registered against your title.
Do you buy land in Felling?
Yes. We consider land in and around Felling and across Tyne and Wear. Whether we can make an offer depends on the land itself, especially its access and planning prospects, and we'll tell you either way.
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 Felling
- Option agreements in Tyne and Wear
Find out what we'd pay for your land near Felling
A free appraisal tells you what we'd pay and why.