Why are we all so sure the properties will be sold?

It's predicted that Barnsley will see a rise in housing deficit to 30% over the next ten years. We can also expect a 100-130% rise in property values. An apartment built now at a cost of £60k can pay for itself in rent in 8.5 years by which time it would probably be generating at least £8.5k p/a and add £140k to OCA's assets.

Multiply those figures by 100 and it looks like cracking business to me. £850k index linked p/a without getting out of bed and OCA's assets up £14m.

We wanted stability, well there it is. Hopefully.

 

If the plan is to build in partnership

there's a strong possibility that could happen. but we're jumping the gun a bit, since the application has only just gone in. if approved, the option is to sell the land or to be involved in the redevelopment. it might also be that the council insist that housing association are build on there, and I'd like to see someone argue that providing affordable housing for those in need is a bad thing.

 

They've got to allow housing wherever they can.

They're not going to meet the demand and they know it. I'd say BMBC stand a fair chance of having their plans accepted.

And that's before we take the proposed high-speed rail link into consideration. A London city worker could live in Cawthorne and spend less time commuting.

Buy buy buy.

 

RE: If the plan is to build in partnership

Plus we seem to be assuming there won't be any political fall out about a Council that is forever bemoaning its funding and keeps raising Council Tax bills putting all profits from a deal it's part of into the stadium and not into alleviating the burden on council taxpayers.

As a supporter I want all money generated from the assets of my Football Club going back to my Football Club. I can see why plenty of other folk in town wouldn't.

 

But what was the council's initial layout?

That could be retrieved and returned to the public pot. The council could then say, "Look, we saved the community's football club forever and it didn't cost you a penny."

You grumpy old git.

 

RE: But what was the council's initial layout?

Born cynical. Let's see what happens.

 

As I understanf it, they will sell the land to a developer..

so I can't see there being any consistent income from the proposed properties. whatever they get will be spent on whatever, and then it's gone.

If the land is that valauable,let's sell the lot and move

 

What high speed rail link?

Not heard about that</p>

 

I don't know what they intend to do mate.

But it seems to me that, at a time when everyone's falling over themselves to acquire property and get in on the coming boom, it would make a lot more sense to hang on to it.

 

they'll all sell .why cause it's oakwell best sought after area in the whole of barnsley borough ..thats why ..

 

RE: If the plan is to build in partnership

If it's for affordable housing exclusively then they won't get much dosh for it. Anyone know how far the council are on developing the required framwork for future housing? What is the affordable housing need like in the area? The council can meet demand either by making sites 100% affordable or give the nod to schemes that are mixed commercial and affordable. These are significant factors in trying to suss out what the interested parties have to gain from the venture.
I could help find a buyer if they want - but only if it's classed as sporting amenity land for sale!(that last bit is an ironic comment by the way - just to make it clear for those who struggle with the concept)