Whitstable holiday homes built on council land that sold for £165,000 go up for sale for £3.5 million

A row of waterfront vacation homes built on council land sold for just £165,000 have been put on the market for nearly £3.5 million.

The seven cottages in Whitstable, Kent received an expensive slap in the face by property agency Christie & Partners, who said the properties generated £430,000 in income from vacationers last year.

The lucrative site on Sea Street in the coastal city consists of one and two bedroom townhouses and forms part of the The Warehouse development which included the plot of Oval Chalet formerly owned by Canterbury City Council and the land formerly occupied by the Tile Company.

The local authority struck a deal with home builders to hand it over for £165,000 in 2014, a decision that continues to rattle critics of the scheme.

Locals described the “cheap pay” resulting from the council’s sale as a “missed opportunity” and said the holiday properties were contributing to an increase in the number of second homes in the area.

A row of seven holiday homes in Whitstable, Kent (pictured) have been put on the market for £3.5m

The “purpose built” holiday vacation units consist of a mix of 1 and 2 bedroom properties

‘They add to the serious problem of getting the area dead off-season,’ said Graham Cox, of the Whitstable residents group.

“The streets behind the beach seem to contain 80 percent of vacation homes and vacation homes.”

The 2014 sale sparked an appeal in the Supreme Court of the judge’s ruling that the council did not get the best price for the 0.2-acre plot of land.

Despite this, the judge ruled that the sale to Sea Street Developments Ltd – headed by James Green, president of Whitstable Oyster – could go ahead.

The development of the depot has also seen the construction of eight luxury homes which were marketed around £10m last year.

The properties are partly built on land formerly owned by Canterbury City Council, which sold in 2014 for just £165,000.  Pictured: A view from one of the holiday cottages on the Whitstable Waterfront

The properties are partly built on land formerly owned by Canterbury City Council, which sold in 2014 for just £165,000. Pictured: A view from one of the holiday cottages on the Whitstable Waterfront

The property agency Christie & Partners says the holiday homes generated an income of £430,000 from holidaymakers last year.

The property agency Christie & Partners says the holiday homes generated an income of £430,000 from holidaymakers last year.

Cox added: “It was sold pathetically cheap.

It was a missed opportunity for the Council on a large scale.

We got professional evaluators who said the site was worth between £300,000 and £500,000 – not the pittance they paid for it.

“It left a lot of people very, very angry.”

Advertising material produced by Christie & Co says the holiday homes, which opened two years ago, “really enjoy a good level of occupancy and solid average daily room rates of around £220”.

The company also added that “trading data for real estate shows revenue of just under £430.00” in the year to May.

A spokesperson said: “The Warehouse Cottages represents a rare opportunity to purchase a high-quality purpose-built gazebo from seven waterfront vacation cottages.

“Each unit has its own private car park and offers accommodation for up to four people.”

Whitstable, where the Seven Homes are located, is one of the many vacation spots where locals are pissed off at the overabundance of second homes.

Whitstable, where the Seven Homes are located, is one of the many vacation spots where locals are pissed off at the overabundance of second homes.

Responding to criticism of the sale this week, Canterbury City Council spokesman Rob Davies said: “Issues relating to the sale of the Oval Chalet have been fully investigated.

Lessons learned and processes related to land disposal changed.

As such, we have no further comment on this historical matter involving the sale eight years ago.

Earlier in the summer, Whitestable and other “second house hotspots” began to rise up against wealthy “outsiders” who were snatching real estate to turn it into vacation homes.

Britain’s “accommodations”, including St Ives, Salcombe, Whitstable, and Tedswell, began to rise up against wealthy “outsiders” who were grabbing real estate to turn it into vacation vacations and coastal beaches. It comes after Whitby residents turned out in droves to vote to impose restrictions on second home owners

The cities were inspired by Whitby’s historic decision to ban the purchase of new buildings from outside the towers.

In June, residents of a fishing port on the Yorkshire coast turned out in droves and won with 93% of the vote to stop the sale of new buildings to wealthy Londoners amid growing fears of families being excluded from the housing market.

Kent Coast-based architect and resident Matt Hayes said Whitstable – the top destination for second homeowners in the Southeast – could ‘consider’ backing its own ban on ‘outsiders’, given the plethora of major Airbnb safes you’re seeing. scattered around.

%d bloggers like this: