- Planning authority
- London Borough of Hackney
- Postcodes
- E2, E5, E8, E9, N16
- Noon sun, 21 March
- About 38°
- Shadow from a 5 m eaves line
- About 6.3 m
- Planning plan
- Local Plan
- County
- Greater London
Hackney: light, access and policy
Light can decide the size of the scheme an option leads to. Take the figures for Hackney: a midday sun of about 38° in late March means a wall rising 5 m to the eaves shades roughly 6.3 m of ground behind it, and with the December sun near 15°, that shade grows considerably.
Those figures help explain why a plot that could take two homes in one layout might take only one in another. Under a price formula, that difference flows through to the price, which is one reason options suit plots where the outcome is open.
From first call to decision
Here is what happens in Hackney. A conversation first, then a desk check, then a visit if the plot looks promising. We put proposed terms in writing, without obligation, and you take advice on them with your legal fees covered within the agreed cap. Nothing is binding until you sign the option agreement itself, and the appraisal costs nothing.
Free plot appraisal
We look at your title, the access, the planning history and the policies that apply, then tell you honestly whether an option, an outright sale or a conditional contract fits your plot best. It costs you nothing.
Heads of terms
We set out the option period, the price formula and minimum price, any option fee, our planning obligations and the cap on your reasonable legal fees, which we cover. Nothing is binding at this stage.
Planning work
We commission surveys, design the scheme and apply for planning, keeping you updated and showing you the drawings before submission. The council decides; if it refuses, the agreement sets out whether we revise, reapply or appeal.
Exercise or lapse
If an acceptable permission is granted, we serve notice, the price is fixed by the formula and the sale completes in the agreed time. If not, the option lapses, the entry comes off your title and the land stays yours.
Worth checking early
- Options have their own Capital Gains Tax treatment, so take advice from a tax adviser before signing.
- Your plot is tied up for the option period and can’t be sold to anyone else meanwhile.
- Deductions agreed at the start, such as planning costs, reduce what you receive, so check them closely.
Hackney: questions to ask
Is an option better than selling my Hackney garden plot outright?
Not always. An outright sale is quicker and certain once contracts are exchanged. An option suits plots where planning is uncertain or more land is needed, because it gives us time without forcing a guess at the price. Our free appraisal compares the routes for your plot.
Could my neighbours in Hackney be part of the same option scheme?
Yes. Where neighbouring gardens together would make a better scheme, each owner can grant an option on their own land, and an agreement between the owners can share the outcome fairly. It needs careful drafting and everyone’s agreement, and it often produces a scheme the London Borough of Hackney is more likely to approve.
Do I pay Stamp Duty Land Tax (SDLT) if you exercise an option over my Hackney plot?
No. Stamp Duty Land Tax (SDLT) is paid by the buyer of land, so any amount due on completion falls to us. As the seller, you may have Capital Gains Tax to consider, and options have their own rules on timing, so take advice from a tax adviser before signing.
Will you cover my legal fees on an option in Hackney?
Yes. We cover reasonable legal fees for your own solicitor on an option agreement, up to a cap agreed in heads of terms. Choose a solicitor experienced with development land, and agree the cap with us before they begin, so their fees stay within it.
Other options in Hackney
- Tandem and landlocked plots
- Combine gardens with your neighbours
- Large rear gardens
- Sell subject to planning
- Corner and side plots
- Plot feasibility and design