Purpose

To approve for disposal of HRA property 16
Curtis Way, Berkhamstead

Decision

This property has an estimated valuation of
£390,000.
It is a three bedroom end of terrace house. Estimated costs
required to bring it up to the lettable standard are
£188,911.29, including a new kitchen, new bathroom, external
insulation, rewire, heating upgrade and extensive garden works due
to the time that the garden has not been maintained it is estimated
that the costs will be higher than estimated.
These costs do not include the £20,302.02 which has already
been spent as agreed on the LAHF project.

Alternative options considered

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 1922 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).