Decision details

For the Head of Programme Management – Regeneration and Economic Development to approve the implementation of Contract Standing Order 9.07.1c, the manner most expedient to the efficient management of the service, and award a contract for property valuations of 11 properties within the HS HAZ area to Lambert Smith Hampton, in the sum of £7,700.00 excluding VAT, from April 2023 to April 2024.

Haringey Council is delivering the Tottenham HS HAZ scheme, with funding from Historic England and match-funding from the council, alongside third-party contributions. This scheme will see the council invest in physical improvement works to private property in Bruce Grove.



Works will be delivered by the council, and contributions towards the costs are being sought from the private property owners who will benefit from the scheme. These works and contributions will be secured by means of legally binding funding and works agreements between Haringey Council and the individual private property owners.



A requirement is included within the funding and works agreements to partially reimburse the council, in the event of a sale of the property within three years of completion of the works, for the costs of the improvement works through a share of any profits. This is to ensure that property owners do not unfairly profit from public sector investment through the sale of their properties soon after the works are completed.



To inform an assessment of any profits, property owners will be required to provide a valuation of the property to the council at the time of a sale. Valuations of the properties at the time of the signing of the funding and works agreements are required to provide a baseline against which to assess the amount of profit. The property valuations commission will provide this baseline.



This commission forms part of the wider Tottenham HS HAZ regeneration scheme, which aims to make the high street in Bruce Grove Town Centre a more attractive, engaging and vibrant place for people to live, work and spend time and provide the catalyst for change and additional investment from private owners. In this way, it seeks to improve the long-term viability of the town centre to serve its local residents and broaden its appeal to visitors.



This work would be wholly funded from the Historic England grant allocation for the Tottenham High Streets Heritage Action Zone.

The following alternative option was considered:



‘Do Nothing’ - This would introduce considerable risk into the scheme by preventing the council from baselining the value of the private properties in which it is seeking to invest. It would limit the council’s ability to make effective use of public money and prevent private property owners from unfairly benefitting from public investment.