Issue details
Opportunity for the council to purchase the freehold of a block of five x one-bedroom flats located at 63 St Mary's Road, Oxford, Oxfordshire OX4 1PZ from then open market into the HRA as part of the RRTBR 25/26 programme.
As at 17th April 2024 cabinet made the
decision to use Retained Right to Buy Receipts for the provision of
additional affordable housing into the Housing Revenue
Account.
The council has the opportunity to purchase a block of five x
one-bedroom flats including the freehold located at 63 St Mary's
Road, Oxford, Oxfordshire OX4 1PZ for a purchase price of
£950,000. The properties will be allocated to the RRTBR 25/26
program to provide 5 more additional affordable housing units for
the HRA to respond to the immediate housing need.
The decision maker will be Tom Hook, Deputy Chief
Executive.
Decision type: Key
Reason Key: Acquiring or disposing of freeholds with a consideration over £750,000 in the context of the medium term financial strategy except for disposals pursuant to right to buy legislation;
Decision status: Recommendations Approved
Wards affected: St Mary's;
Notice of proposed decision first published: 21/07/2025
Decision due: Not before 25 Aug 2025 by Deputy Chief Executive – City and Citizens’ Services
Lead member: Deputy Leader (Statutory) - Finance and Asset Management
Lead director: Deputy Chief Executive – City and Citizens’ Services
Department: Regeneration, Economy & Sustainability
Contact: Andrew Dorrington, Affordable Housing Development Officer Email: adorrington@oxford.gov.uk.
Consultation process
N/A
Reason date could change: Provisional: Decision reliant on another action or process
Is the date subject to change: No
Decisions