Refurbed flats on Knaresborough High Street to be sold by council for almost £900,000

Members of the council's cabinet agreed to the sale at a meeting last night after the Grade II listed properties were unoccupied for several years before being bought by the council in 2019.

A renovation project also including two retail units has recently been completed and the properties are now on the market.

Councillor Graham Swift, deputy leader of the council, said the authority would not make a profit from the £879,900 leasehold sale and that he hoped more vacant properties in Knaresborough town centre would now be brought back into use.

He told last night's meeting: "These are a series of properties that have been neglected by the private equity owners for many years.

"The whole area had been dragged down and many residents were aware of this and very disappointed by the state of the high street.

"It is a listed and very complicated building, and has a number of interesting construction aspects which has made it challenging.

"People can now really sense the improvement of the high street and I'm pretty optimistic that we will see other people who own properties in the area join the bandwagon."

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The flats are individually valued between £189,950 and £295,000.

The council will retain control over the freehold of the flats, as well as the freehold of the two retail units that were part of the refurbishment.

Councillor Swift, who is also cabinet member for resources, enterprise and economic development, added: "We have done a lot of work in Knaresborough over the last few years including just up the road at Conyngham Hall with an investment in the tech centre which has been extremely positive.

"And I think we can even do work on Knaresborough House in the future which may be something to keep our eyes on."

By Jacob Webster, Local Democracy Reporter