Sheffield Council has begun to sell off vacant homes in Page Hall after extra freedom was granted at a cabinet meeting in January 2011 to help dispose of the properties.
The Council owns 37 properties in the area, valued at over £1.7 million in total. At least 3 have been sold to date, making about £200,000 in total. These houses, and others currently on the market, are being sold with attached covenants which restricts their sale to owner-occupiers.
The Cabinet report in January, suggests that if the covenant deters potential buyers, the Council can offer the properties to a wider market including private and social landlords. Originally, money generated from the sales could only be reinvested in the local area. With the new rules, it can be spent across the city.
The money from sales can still be allocated within Fir Vale if a priority is identified. At the moment it is unclear who or what activities might take advantage of it. The Messenger will be raising this issue with the Council. Any response will be on our website.
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