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Land and home sell-off plan to go before West Norfolk Council cabinet

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Publicly-owned land and a house in a West Norfolk village look set to be sold off under plans to be put before borough council chiefs today.

Officials believe they will make more money for the taxpayer by seeking a buyer for the site in Burnham Market, rather than building homes there themselves.

The proposal for land on the village's Sutton Estate, plus a neighbouring property, is set to be examined at a meeting of the authority's ruling cabinet this afternoon.

King's Court. Borough Council of King's Lynn & West Norfolk.. (40512070)
King's Court. Borough Council of King's Lynn & West Norfolk.. (40512070)

The council has previously applied for planning permission to develop nine new homes on the site. The scheme was given the go-ahead in October.

A report published ahead of the meeting said the council had previously built homes on another site in the village.

But it continued: "The site detailed within this report is more involved, and is of a different scale.

"By selling the site identified within this report the council will not need to finance the development of the houses, nor will it have to contend with the “developer risk”.

"Although the previous development exercise was considered successful, it is possible that the eventual capital receipts generated may not have been significantly higher than if the site had been sold on the open market to a local developer.

"The council has already received an unsolicited offer for the development site from a local developer that is significantly higher than the residual value derived from the development appraisal exercises.

"It is therefore considered appropriate to test the market and seek offers for the development site."

The proposals also include the planned sale of an adjacent three-bedroomed house owned by the council.

The report said: "Owing to its location, and the strength of the local housing market, the sale of this asset will also generate a significant capital receipt."

The paper envisaged that a local property agent would be appointed to market the assets, with subsequent officers to be considered by the council's property portfolio holder, Adrian Lawrence, and a senior officer.

It added: "It is anticipated that the two main criteria for accepting the offers will be the highest offer received, and the delivery of the development as per the planning permission."

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