Decision Maker: Chief Finance Officer (S151)
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
1.This property is the remaining HRA property
in the allocated block.
The remaining properties above are leaseholder(s). To then consider
selling property as leasehold then recommend to all leaseholders to
purchase the freehold. (Acquisitions Right to Buy and Buy Back and
Disposals policy).
2.The property will above standard void works. To complete 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 gas central heating system, rewiring, new
kitchen, bathroom, windows to meet the empty homes standard.
3.This property was built in 1938 due to the location is expected
to command an average market value if sold and DBC will be able to
relinquish the leaseholder responsibilities.
To dispose of the HRA property and then to
consider selling the leasehold to the remaining leaseholders
Option 1 -
This property has an estimated valuation of £240,000.
It is a 2 bedroom first floor flat. Estimated costs required to
bring it up to the lettable standard are £53,807.85,
including a new kitchen, new bathroom, rewire, heating upgrade.
Please note these costs do not include asbestos removals if this is
required it is estimated to be a further £3,000.00 and garden
clearance which has been estimated at £3000.
Rent loss to date has been £41,238.70 which has not been
included in the costs to bring the property to standard.
Publication date: 15/01/2025
Date of decision: 14/01/2025
Accompanying Documents: