55 Acquisition of Section 106 Properties from Woodall Homes Limited, Boleappleton Farm
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Additional documents:
Minutes:
Council considered a report presented by Councillor Smith Portfolio Holder for Housing relating to the purchase of 12 affordable 1 bedroom semi-detached houses from Woodall Homes Limited at Boleappleton Farm. These properties were part of a S106 planning condition.
The Council’s Executive on 3rd November 2025 resolved to purchase the properties and Council approval was sought for the scheme to be added to the capital programme, to be funded by capital receipts.
The purchase price for these properties was £1.26m (excluding fees and Stamp Duty Land Tax) based on the Valuation detailed in Appendix 1 to the report.
The Council had an ambition to add 200 new homes to the Council’s housing stock by a mixture of new development through the housing development programme and by appropriate acquisition. The proposal offered value for money, met local housing need and would increase the Council’s housing stock.
Moved by Councillor Smith and seconded by Councillor Ritchie
RESOLVED that approval be given to add the 12 properties at Boleappleton
Farm for affordable rent within the Housing Revenue Account, to the Capital Programme by utilising the 1-4-1 Right to Buy receipts.