Decision Maker: Chief Finance Officer (S151)
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Reasons:
1.This property, due to its location and type would command a
higher than average market value (Acquisitions (Right to Buy: Buy
Back) and Disposals Policy 2024 item 7.3).
2.The property is in need of work to remove any Health and Safety
rating system hazards or asbestos containing materials that require
a high level of ongoing management in conjunction with extensive
works to comply with Decent Homes provision i.e rewire, heating
upgrade and void repairs. The main cost of the works to be
undertaken is the underpinning as detailed in the Schedule of works
report tab QUOTE.
3.This property, was built in 1953 due to the age of the property
and location is expected to command a high average market value if
sold and DBC will be unable to recover the associated costs over
the 30 year Business Plan (Acquisitions (Right to Buy: Buy Back)
and Disposals Policy 2024 item 7.3)
To dispose of HRA property due to the costs to
bring the property to a lettable standard
Option 1 -
This property has an estimated valuation of £150,000 to
£325,000.
It is a three bedroom semi-detached house. Estimated costs required
to bring it up to the lettable standard are £77,754, which
include the estimated costs due to the underpinning
Publication date: 14/01/2025
Date of decision: 10/01/2025
Accompanying Documents: