A housing association is offering for sale a house in 19 Bassein Park Road (currently split into three flats) in Shepherd’s Bush for sale at auction. The guide price is at £1.2 million plus.
We are not told the condition the property is in or the name of the housing association.
What is obvious is that £1.2 million is a lot of money. Some will attack the housing association for selling the property claiming that it means the homes (with a total of five bedrooms) will be “lost”. That is the position of the Labour-run council.
But if the housing association can use those funds to provide more replacement housing then that would benefit some of those in temporary accommodation – often overcrowded.
Some of these auction sales go for even higher prices – I wrote earlier about one in Shepherd’s Bush Road for £2 million.
Housing associations are taking a practical approach to maximise their resources to do as much as possible to ease housing pressures. The council’s policy – refusing to sell regardless of the value – is ideologically driven and does the homeless no favours at all.