Decision Maker: Director City Development, Housing & Supporting People
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: No
To purchase a property in Exeter at a set value
To purchase a property in Exeter at a set value
To make best use of the council’s housing assets, increase stock provision and rental income.
This property is a two bedroomed first floor flat within a council owned block of 6 flats amongst a larger, predominantly council owned, estate, and was purchased by the sitting tenant at the time under the Right to Buy. The Authority retains ownership of the remaining 5 units within the block.
The council has received an offer by the current leaseholder to purchase the property.
ECC wishes to make an initial offer and purchase the property for the following reasons:
This is the best option and will seek to streamline the HRA portfolio, reducing operational costs for repairs and planned works.
Cost will be met from the Acquisition of Social Housing – Open Market budget.
Publication date: 20/02/2019
Date of decision: 13/02/2019