Decision details

Disposal of 13 Beech Drive Berkhamstead

Decision Maker: Chief Finance Officer (S151)

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Purpose:

1.This property, due to its location and type would command a higher than average market value (Housing Disposals Policy; paragraph 3).
2.The property is in need of major 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. installation of a central heating system, rewiring, new kitchen, bathroom and major works to the front and rear gardens to ensure H&S compliant.
3.This property, was built in 1928 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 (Housing Disposals Policy; paragraph 5).

Decision:

To dispose of HRA property due to costs to bring property to a Lettable Standard

Alternative options considered:

Option 1 -
This property has an estimated valuation of £400, 000 - 425,000. It is a two bedroom end of terrace house. Estimated costs required to bring it up to the lettable standard are £150,022.54, including a new kitchen, new bathroom, and extensive garden works.

Publication date: 15/01/2025

Date of decision: 14/01/2025

Accompanying Documents: