Purpose

See attached ODR for details

Decision

To support the proposal for the purchase and repair of 10 Sidney Road, Intake, DN2 6EW.

The purchase price is £145,000 and provisional inspections have estimated the further investment costs to be £28,000 – £30,000k to ensure the property is fully modernised, and up to standard.

Alternative options considered

Option 1 – Approve the property purchase – (recommended option)
This option will support the acquisition programme by utilising available funds to maximise the opportunity to provide additional housing provision across the borough. Whilst consideration has been given to the Housing Needs Survey, property bidding data in this instance has indicated a high demand for 3 bedroomed properties in the area.

Option 2 - Do Nothing
This option would lose the opportunity to deploy approved funding to help ease the demand for properties on the housing waiting list.