Council and Democracy

Decision details

Purchase of two new properties on Hazlehurst Avenue

Decision Maker: Assistant Director - Housing

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: No

Purpose:

Discussion between the Housing Delivery Manager and the developer identified the development of the former Chamber of Commerce site as one at risk of stalling. Through the intervention of the Housing Revenue Account to purchase two properties under the strategic acquisitions policy will enable a capital injection into the scheme to enable the development to continue.
The properties to be purchased are pair of three bedroom semi detached houses at £181,250 each
Initially the purchase of four properties was considered (2x3BHSE and 2x2BHSE) but concerns over the value for money of the two bedroom properties and an increase of interest from private buyers on the site meant the Council reduced its interest to the pair of three bedroom semi detached properties and is looking at working with the developer on the next phase of properties on the development.
The money will be allocated from the Housing Capital Programme 2019/20.

Decision:

Option 1 - To purchase two three bedroom properties from the redevelopment of the former Chamber of Commerce site at Canal Wharf under the Strategic Acquisitions Policy for £181,250 each.

Alternative options considered:

Option 1 - To purchase two three bedroom properties from the redevelopment of the former Chamber of Commerce site at Canal Wharf under the Strategic Acquisitions Policy for £181,250 each
Option - 2 To seek alternative properties under the strategic acquisitions policy
Option 3 - To purchase 4 properties from the developer (2x3BHSE and 2x2BHSE)

Reason Key: Decision to dispose or acquire any interest in land or buildings with a value of £50,000 or more;

Contact: James Crouch 01246 345150 Email: james.crouch@chesterfield.gov.uk Tel: 01246 345150.

Publication date: 02/12/2019

Date of decision: 02/12/2019