Agenda item

Report of the Strategic Director of Adult Care, Housing and Public Health

Recommendation:-

1.    That approval be given to the purchase of six bungalows at Penny Piece Lane from Duchy Homes using the Housing Revenue Account Strategic Acquisitions budget.

Consideration was given to the report which sought approval to purchase six, two bedroom bungalows at Penny Piece Lane, North Anston, from Duchy Homes. These bungalows were Section 106 planning gain units and would be purchased by the Council at approximately 60% of the open market value.  The forecast completion date of these units was December, 2019. 

There was evidenced demand for bungalows in this location and resources were available in the strategic acquisitions budget to purchase them as part of an ongoing programme of acquisitions of new Council homes to replace properties sold under the Right to Buy and to maintain stock levels.

Resolved:-  That the purchase of six bungalows at Penny Piece Lane from Duchy Homes using the Housing Revenue Account Strategic Acquisitions budget be approved.