Decision details

To seek approval for the sale of 4 School End Crescent, Hemel Hempstead, HP1 2DZ at Martindale Fields, Warners End.

Decision Maker: Strategic Director (Corporate & Commercial Services) Interim

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Purpose:

To authorise the sale of 4 School End Crescent, Hemel Hempstead, HP1 2DZ
The Martindale Fields development will deliver 65 residential units; a mixture of 21 properties for market sale and 44 social rented properties.
The rationale in having market sales at Martindale Fields is to assist in tenure balance and to provide cross subsidy for the social rented homes.
Site Sales Ltd. have been awarded the contract for marketing and selling these units off plan.

Decision:

To authorise the sale of 4 School End Crescent, Hemel Hempstead, HP1 2DZ

Alternative options considered:

If the approval to sell 4 School End Crescent, Hemel Hempstead, HP1 2DZ is not permitted, then the Council will be unable to provide tenure balance and financial viability for Martindale.

Publication date: 31/03/2020

Date of decision: 23/03/2020

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