As part of the cabinet decision to carry out a regeneration scheme for your estate, the council made a commitment to enable communities to stay together. To honour this commitment, we are putting in place various options to enable resident homeowners to remain on the estate. These options are part of the Key Guarantees.
However, the council understands that personal circumstances may lead to some homeowners wanting to sell their property to the council before the redevelopment of the estate. In response to requests from homeowners, a number of properties in the regeneration schemes have been bought by the council so far. Other homeowners have asked us how much their own property may be worth. The table below shows the purchase price agreed with the owners for your information, together with the size and also the loss payment.
|HOMEOWNER BUYBACKS ON REGENERATION ESTATES|
|Post code||Bedsize / type||Purchase Price||Loss Payment||Purchase Completion Date|
|SW2 2QN||3B flat||£350,000.00||£26,250.00||15-Mar-16|
|SW2 2QG||2B house||£385,000.00||£28,875.00||10-May-16|
|SW2 2QE||2B flat||£390,000.00||£39,000.00||07-Oct-16|
|SW2 2QN||1B flat||£255,000.00||£19,125.00||20-Oct-16|
|SW2 2QG||2B house||£390,000.00||£39,000.00||16-Nov-16|
|SW2 2QE||2B house||£390,000.00||£29,250.00||22-Nov-16|
|SW2 2NN||3B flat||£385,000.00||£28,875.00||06-Dec-16|
|SW8 3LP||1B flat||£290,000.00||£29,000.00||16-Dec-16|
|SW2 2NH||1B flat||£275,000.00||£27,500.00||19-Jan-17|
|SW2 2QG||2B flat||£375,000.00||£28,125.00||03-Feb-17|
|SW2 2NG||1B flat||£307,500.00||£23,062.50||16-Feb-17|
|SW9 9NL||2B flat||£355,000.00||£35,500.00||17-Feb-17|
|SW2 2NN||2B house||£400,000.00||£40,000.00||23-Mar-17|
|SW8 3LJ||3B flat||£395,000.00||£29,625.00||25-Apr-17|
It does not include information about the disturbance payments made to homeowners and other fees and charges paid for by the council. Please note that you should consider these figures as an indication only of the value of your own property; the value of properties will depend on their characteristics eg size, location, condition and can change over time.
Does this answer your questions? If not get in touch