Decision Maker: Chief Finance Officer (S151)
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
The property was originally approved in 2020
for disposal but then the process was placed on hold. With the new
management changes within Property Services a new request is being
submitted for approval for the disposal of this property.
Reasons:
1.Due to unauthorised tenant alterations to the property and the
location of the property, to then consider selling property. The
property due to its location would command a higher than average
market value. (Acquisitions Right to Buy and Buy Back and Disposals
policy 2024 Item 7.3).
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 responsibilities.
4.There has also been consideration for the property and
surrounding land for development but this has been deemed as not
suitable due to the location of the property.
Due to the extensive works required to dispose
of the property
Option 1 -
This property has an estimated valuation of £475,000.
It is a 3 bedroom semi-detached in a rural location. Estimated
costs required to bring it up to the lettable standard are
£145,066.73, including a new kitchen, new bathroom, rewire,
heating upgrade, removal of tenants DIY alternations and external
garden works.
These costs have been calculated on the original approval
information plus uplift agreements with Cardo Group per year.
Please note these costs do not include asbestos removals if this is
required it is estimated to be a further £5,000.00
Publication date: 16/01/2025
Date of decision: 15/01/2025
Accompanying Documents: