Issue details
Purchase of two new properties on Hazlehurst Avenue
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 type: Key
Reason Key: Decision to dispose or acquire any interest in land or buildings with a value of £50,000 or more;
Decision status: Recommendations Approved
Notice of proposed decision first published: 02/12/2019
Decision due: 2 Dec 2019 by Assistant Director - Housing
Contact: James Crouch 01246 345150 Email: james.crouch@chesterfield.gov.uk Tel: 01246 345150.
Decisions
- 02/12/2019 - Purchase of two new properties on Hazlehurst Avenue