Where parish councils exist they can make thier own plan so our area will be all of Eastleigh not in a Parish council. This is why the name will be Eastleigh Local Area Neighbourhood Forum ELANF , and hopefully the 21 people needed will be from different parts of the area and have a mix of expertise.
We have established that the magistrates court opposite the civic centre has been bought by a property developer..... called Eastleigh Borough Council ! It has , what is known as, a 'use class order' of D1 , this means that ,as the estate agent told me when I rang up to buy it , it could only be used has a doctors or dentists or vets etc , ie not residential.
This is an example of how our council has conflicted interests to say the least. As the authority who can change the 'use class order', and the purchaser of the property, there is a clear moral hazard. As commercial property it is worth, lets say £500,000 ( thats the amount agreed ), with planning permission for 50 flats it is worth at least £5 Million.
One of the alternative housing plans I plan to submit to ELANF to include in our local plan, will involve a 10 story towerblock on this site , with 50 dwellings, all for those on the housing need list, at a price of £50,000 so I'm pleased the council bought it so cheap.
Here we come Eastleigh Borough Council, ELANF is born !
If the flats are sold BMV what happens on the re-sale?
ReplyDeletewould be like 60% discount on 'right to buy' council houses except paid in advance !
ReplyDelete50k might be above market value by then!
...could you sell a flat in a barebones state ie without walls , electrics , carpets etc..
Would be interesting , could be seen as a great success if those on the housing needs list got on the property ladder and then shot up it so quick, and people not on the list were willing to pay more than the 50k straight off - would suggest they were really good value.
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ReplyDelete"50k might be above market value by then!"
ReplyDeleteLike your style! Of course as you suggest it could also be BMV by then.
Although according to Council members and officers property values only ever go up
I was surprised to find council officers that thought investing in commercial property at the moment was ‘prudent’.
My attention was drawn by an Eastleigh news site user to a property currently being marketed by a cabinet member for (IMO) ABV - this suggests a certain mindset or blindspot regards property values.
I preferred your idea for free elderly sheltered housing.
The magistrate’s court looks like it could be converted.
The problem with the current private sector sheltered elderly accommodation is it is so expensive - as for example the McCarthy and Stone construction at Centris.
I’m sure the accommodation at Centris will be well appointed, well built and attractive but comes with a hefty price tag and service charges.
BTW there are massive drops at Fairholm court another private sheltered block of flats nearby
Apartments that were sold originally around the £235k mark - now on market for £150k.
(That’s the reality for property value in Eastleigh.)
Anyway what if…
OAPs with 3 bed properties give them up in return for FREE assisted living apartments at the Magistrate site for LIFE?
Apartment block has domestic care staff, communal restaurant and laundry.
All paid for by the rent from the donated housing stock.
What’s wrong with that idea?
problem with that is the(????) don't get their cut
ReplyDelete