- Planning authority
- Rutland County Council
- Postcodes
- LE15
- Noon sun, 21 March
- About 37°
- Shadow from a 5 m eaves line
- About 6.6 m
- Planning plan
- Local Plan
- County
- Rutland
Before you decide in Cottesmore
Garden plots rarely sit alone. Where several long gardens run side by side, whether in Cottesmore, in nearby Langham, Oakham and Ketton or anywhere else, a scheme across two or three of them can be much stronger than one squeezed into a single plot.
Options are a common way to bring those gardens together. Each owner grants an option on their own land, and an agreement between the owners can share the outcome fairly, even though only one garden provides the access. Rutland County Council would then consider one well-planned scheme instead of several piecemeal ones.
The next steps, locally
After your enquiry, we carry out the free appraisal and compare an option with an outright sale and a conditional contract for your plot. If you choose the option, your solicitor reviews the agreement before signing, and once it is in place we start the planning work, share the drawings before submission and keep you updated.
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.
Sign the option
Your solicitor and ours agree the option agreement and the plan of the plot. Once it is signed, the option is noted on your title, and you carry on living in your house and using the garden as normal.
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.
Worth checking early
- With a market value formula, the final price isn’t known until the option is exercised.
- We have the right to buy, not a duty, so a sale isn’t certain even after a long wait.
- Your plot is tied up for the option period and can’t be sold to anyone else meanwhile.
Questions about garden plots in Cottesmore
Will you cover my legal fees on an option in Cottesmore?
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.
What happens to my Cottesmore plot if the option ends?
It stays yours, and the entry on your title is removed. You’re free to keep, sell or develop the land. If a permission was granted before the option ended, it generally stays with the land, though it will need to be started within its time limit.
Is an option better than selling my Cottesmore 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.
Do I pay Stamp Duty Land Tax (SDLT) if you exercise an option over my Cottesmore 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.
Other options in Cottesmore
- Bungalows on large plots
- Corner and side plots
- Build a home for family in your garden
- Garage courts and yards
- Planning promotion for your garden plot
- Planning permission for a garden plot