Decision Maker: Chief Finance Officer (S151)
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
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 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, asbestos removal and major clearance of collapsed
structure to the rear gardens to ensure H&S compliant.
3.This property, was built in 1954 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 the HRA property due to the
costs to bring the property to a Lettable Standard
Option 1 -
This property has an estimated valuation of £275,000 to
£310,000.
It is a three bedroom semi-detached house. Estimated costs required
to bring it up to the lettable standard are £43,269.84,
(please see above regarding estimated costs due to the collapsed
structure in the rear garden) including a new kitchen, new
bathroom, rewire, heating and extensive garden works.
Publication date: 15/01/2025
Date of decision: 14/01/2025
Accompanying Documents: