Decision details

To agree the purchase of 34a Lancelot Road, Exeter, EX48LU, Exeter from the current leaseholder at a price of £160,000.

To agree the purchase of 34a Lancelot Road, Exeter, EX48LU, Exeter from the current leaseholder at a price of £160,000.

Was an Equality Impact Assessment carried out and what were the findings:

N/A – Although this is a delegated decision, it does not directly affect people, or have the potential for different treatment, access, outcomes or levels of satisfaction. 

The property is a two bedroomed (2 x Double) first floor flat within a HRA owned block.

The acquisition of this property is the second of four properties to be purchased under LAHF Round 3.

An alternative to acquiring additional properties could be to purchase from the open market, but this is likely to be more expensive (given the ceiling price on ex-LA properties) and even less likely to be of our known archetypes, making future repairs potentially more expensive as our contractors work to a  schedule of known components.