Issue details

Property acquisition for 1,000 affordable homes programme

The development strategy to deliver 1,000 new affordable homes was agreed by the Policy and Resources Committee on 19th January 2022. As part of the agreed strategy there is an expectation that 50% of affordable homes delivered will be from non-council owned sites.


To support this programme an opportunity has arisen to purchase a site with outline permission submitted, for 10 apartments consisting of 2 x 1 beds and 5 x 2 beds, 3 x 3 beds and commercial space at ground floor.


Once built the apartments will be let at Affordable Rent, with rents set at 80% of prevailing market rent, but capped at Local Housing Allowance.


The Executive is asked to approve the purchase of the proposed freehold acquisition. The site is tenanted with a 5-year agreement, at a passing rent of £9,000 per annum. A mutual break clause is in place with a 6-month notice period.


Decision type: Key

Reason Key: Expenditure > £250,000;

Decision status: Recommendations Approved

Wards affected: Staplehurst Ward;

Notice of proposed decision first published: 16/12/2022

Anticipated restriction: Part exempt  -

Explanation of anticipated restriction:
Report and appendices discloses contains commercial and sensitive information

Decision due: 25 Jan 2023 by Executive

Lead director: Director of Regeneration and Place

Department: Regeneration and Place

Contact: Shanaz Begum Email:

Consultation process

Notification to cabinet members
ward members and briefing to executive and lead member for PAC


Agenda items


  • Property acquisition for 1,000 affordable homes programme