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The 216-year-old terraced home at 26 Park Road has been listed in Savills' public sale catalogue for 23 July with a information worth of £1.1 million, even if the council has not but formally signed off the choice to get rid of the property.
As a part of this yr's budget-setting course of the authority indicated it will search to promote excessive worth council houses that turn out to be empty, sparking considerations from opposition politicians and group teams concerning the erosion of combined communities in costly areas like Bankside.
This week, the council signalled that it was going to make use of urgency procedures to fast-track the choice to promote the home, claiming that "delay would danger not attaining the optimum worth by having an excessive amount of related inventory in the identical auctions, resourcing points in getting ready the gross sales and failing to ship receipts within the required timeline".
The Savills catalogue says: "A gorgeous three bed room, three storey finish of terrace home – near Borough Market. Grade II Listed. In want of modernisation. Vacant."
We now have invited Southwark Council to touch upon the choice to listing the home on the market forward of formal approval.
Cllr Victor Chamberlain, Lib Dem councillor for Borough & Bankside and chief of the council opposition group, mentioned: “It’s scandalous to be promoting off council houses when so many are desperately wanted, particularly in the costliest areas of our borough. Promoting off the household silver just isn’t the correct method, and now we’re seeing the results of Labour’s option to fast-track these choices.
"Promoting off business property is short-term considering. We must be sweating our property to generate long run revenue, not flogging them off for a one-off windfall.”
Simply over a decade in the past Southwark Council bought off the 'Take Braveness' home at nook of Park Road and Redcross Means – and the adjoining home – for a mixed £2.96 million.
Earlier this yr, one of many homes was again available on the market with a £5 million asking worth.
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Source : https://www.se1.news/26-park-street-council-house-sale/
