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.