Purpose

See attached ODR for details

Content

To support the proposal for the purchase and
repair of 51 Rands Lane, Armthorpe, DN3 3DZ.

The purchase price is £158,000 and provisional inspections
have estimated the further investment costs to be in between
£18,000 - £22,000 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 in line with the Housing Needs
Survey.

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.