Decision details

In September 2019 Finance and Performance Board (FPB) considered the purchase of five new build properties at Houldsworth Drive, Hady. The first two semi-detached properties on the site were acquired following approval at FPB to purchase for £120,000 each.
As a new strategic acquisitions policy was being developed at the time FPB requested that a decision to purchase the remaining three properties (that were going to be built after the first two were completed) under this new policy.
The revised strategic acquisitions policy was adopted in October 2019 and the three, two bedroom properties are to be purchased at £115,000 each and are expected to be completed Summer 2021 under the strategic acquisitions policy.
The properties are a row of three two bedroom terraced properties.

To purchase three new build properties at Houldsworth Drive, Hady for £345,000 (£115,000 each) under the strategic acquisition policy to meet local housing need

Option 1 - To purchase three new build properties at Houldsworth Drive, Hady for £345,000 (£115,000 each) under the strategic acquisition policy to meet local housing need
Option 2 - To turn down the opportunity to purchase the three new build properties at Houldsworth Drive and identify alternative properties for purchase