Issue details
HRA Purchase - Land & Buildings at Sandy Lane, The Bunaglow
For the Deputy Chief Executive
– City and Citizens’ Services,in consultation
with the Cabinet Member for Housing; the Head of Financial
Services; and the Head of Law and Governanceto enter into a HRA advanced purchase agreement with
Admiral Homes to purchase 12 newly constructed homes, in accordance
with planning at £235,000 per flat, to total
£2,820,000. Purchase funds allocated into budget line for HRA
additional acquisitions Right to Buy Receipts (RRTBR) approved at
Cabinet on 17 April 2024.
Address: The Bungalow Sandy Lane Oxford Oxfordshire OX4 6LL.
Planning Reference: 24/01397/FUL.
Subject to contract.
Decision type: Key
Reason Key: Acquiring or disposing of freeholds with a consideration over £500,000 in the context of the medium term financial strategy except for disposals pursuant to right to buy legislation;
Decision status: For Determination
Wards affected: Blackbird Leys;
Notice of proposed decision first published: 14/04/2025
Department: Regeneration, Economy & Sustainability
Reason date could change: Provisional: Decision needs further consideration or information
Is the date subject to change: No