Option agreements for land in West Glamorgan
Considering an option agreement for land in West Glamorgan? This page sets out the terms that matter and the rules that apply in Wales.
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.
- No commission: we're the buyer
- Independent advice encouraged
- We fund the planning work
Get an offer for land in West Glamorgan
Send the postcode and a rough size.
Option agreements in West Glamorgan at a glance
Swansea and Neath Port Talbot, from former industrial sites to the Gower National Landscape.
| County | West Glamorgan |
|---|---|
| Country | Wales |
| Towns we cover here | 8 |
| Main town | Swansea |
| Example postcode districts | SA1, SA4, SA6, SA9, SA11 |
| 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 |
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
- Holdings where several owners need to work together
- Land needing access or infrastructure to be unlocked
- Owners who want to keep farming until development
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
Option fee
A payment on signing, which you usually keep even if the option isn't exercised.
Term
How long we have to secure permission and exercise the option.
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 an option agreement works for in West Glamorgan
Land with planning permission in West Glamorgan
Rarely needed once consent exists, but can suit phased sites.
Garden land and backland in West Glamorgan
Useful when several neighbours' gardens are being assembled.
Small sites in West Glamorgan
Useful if land needs assembling from more than one owner.
Garage sites in West Glamorgan
Rarely needed unless several garage owners are involved.
Brownfield land in West Glamorgan
Can suit larger brownfield sites with a longer planning route.
Landlocked land and access problems in West Glamorgan
Useful while access is negotiated with neighbours.
From first call to completion
Tell us about your land
Send the postcode or address and a rough size.
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'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
- A plan, or a screenshot from an online map
- Any planning applications or letters
- How soon you'd ideally like to sell
Questions from landowners in West 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 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 West Glamorgan?
Yes. We consider land across West Glamorgan, from Swansea 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 West Glamorgan
Find out what we'd pay for your land in West Glamorgan
Send the postcode and a rough size and we'll come back with a straight answer.