EXAMPLE FROM THE NEIGHBOURHOOD Delivery of permissioned serviced building plots in South Cambridgeshire – the Vanguard experience Laurence Castle Self / Custom Build Regional Manager
WAVE PICTURE w/surfer or nautical
Year One Progress • We have successfully identified over 100 council owned plots of land through a land audit of our council house stock holdings that could be self-build plots in our District ( subject to planning ) • We intend to clear the plots and gain outline planning permission for residential on the plots and sell on achieving best value • The capital receipt from the sales net of costs will be used directly to help fund new build affordable Council Homes across our District • These plots are being split into years 1-4 and we are bringing the first 10 plots through planning now - with 2 sites being marketed currently and 4 further plots gaining outline planning on 1st November 2017
More About Money • We aim to gain a net receipt of circa £150-£190 per plot sold. • We can match fund this with our council Right to Buy receipts @ 30% giving us a total spend potential from each plot sold within a range of around £195-£255k • Assuming all on costs, and either S106 free serviced land or exception site land value we aim to build 2 new council affordable homes for each self- build plot sold on average • The additional funds coming through this self-build sale programme will add to the existing modest capital development programme and as a result South Cambs DC aims to build around 50 new council homes per year
Policies & procedures We rely upon our HRA Asset Sustainability Policy Timings Legal ( Disposals and Acquisitions From site identification to Good detailed legal work - Supplementary document sale we estimate to be essential to identify to the Asset Management around 48 weeks. easements, covenants Strategy ) as the benchmark and boundary issues - for all disposals of assets. with a pragmatic flexible Ensure you have a similar approach to solve issues robust policy in place. Meeting the Register being essential. We market initially to our Register but to ensure best value and a best value certification we are also obliged to market to general public. Political & Local Governance Other requirements Resident support To ensure proper transparency Council Standing Orders We have found that we gain a Decision Notice require Cabinet or full involving Council ( approved by our Portfolio Council approval if selling Members early can be Holder for Housing - Cabinet land in excess of a £1m extremely helpful in Member ) prior to marketing cumulative total - we are gaining local support. based upon Valuers estimated looking at the most value - then an additional efficient way of dealing Decision Notice to approve the with this. actual sale price.
Working with developers • We continue to work with developers – both large & small • We are doing this on a regional basis to ensure all opportunities are captured • We are looking at the supply chain regionally to help promote this in our District
Howard Hughes's H-4 (the ‘Spruce Goose’) flew only one time, in 1947. Spruce Goose w/tagline
Thank you for listening Laurence Castle laurence.castle@scambs.gov.uk 01954 713419 www.scambs.gov.uk
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