Council set to sell three houses for £1m windfall
A council could make £1.1 million when it sells off a trio of properties.
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On Tuesday, January 7, Powys County Council's leader, Liberal Democrat Councillor James Gibson-Watt will take a delegated decision on a report that recommends the “disposal” of three properties near Welshpool.
A report prepared for the authority explains the details of the sale of Maesyrabad in Pool Quay, Little Weston in Montgomery and Arddleen Grange in Arddleen are being kept confidential.
It states: “The public interest in maintaining the exemption outweighs the public interest in disclosing the information."
Once Councillor Gibson-Watt has approved the sales there is a five-day period before the decision comes into force.
This is to allow for councillors to “call in” the decision for scrutiny if they wish to.
The trio of properties have been advertised on the council’s website for sale.
Maesyrabad in Pool Quay is described as “a detached three-bedroom property with scope to improve set in plot of some two acres, with a range of useful outbuildings."
The guide price for the property is £250,000.
Little Weston in Montgomery is described as a “detached three-bedroom property with scope to improve set in plot of some two acres, with a range of useful outbuildings.”
The guide price is £350,000.
Arddleen Grange in Arddleen is described as “a detached four-bedroom property with scope to improve set in plot of some 3.8 acres, with a range of useful outbuildings.”
The guide price is £500,000.
The council agreed as part of the budget-setting process for 2024/2025 that it needs to make at least £10 million a year in “capital receipts” by selling off assets.
The money would then be used to help finance the council’s future plans to build new schools, mend roads, maintain council buildings and help reduce the need of borrowing to pay for these projects.
