Decision Maker: Assistant Director - Housing Operations and Safe Communities
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
The Stoneycroft development consists of 8
flats over garages in two blocks of 4 flats, as well as two blocks
of 5 and 11 garages directly in-front of the bedsits.
As part of the on-going business plan for New Build Social Housing
in the Borough, Stoneycroft has been selected as a potential site
for development.
Only 1 of the 8 flats is a leasehold property – The rest are
all rented at social rent.
Housing Development have appointed Brasier Freeth to liaise with
the potential vendor. They have negotiated down a fair value
selling price of £135,000 – This is in line with the
Red Book Valuation.
If DBC do not purchase the property, then we will not be able to
develop the scheme for much needed new social housing in this
area.
The property will be used as much needed Temporary Accommodation in
the intervening period, whilst the scheme is being developed, which
will generate a licence income and remove any ongoing security of
tenure issues.
To seek approval for the purchase of 48
Stoneycroft, Hemel Hempstead, Hertfordshire, HP1 2QE for up to a
maximum sum of £135,000 (One hundred and thirty-five thousand
pounds only).
Option 1 - Purchase and develop site.
Option 2 - Not purchase and not develop site.
Option 3 - Delay purchase.
Publication date: 28/04/2021
Date of decision: 23/04/2021