Decision details

The Council’s Corporate Plan and Housing Strategy include commitments to add further homes to the Council’s housing stock.

For a number of years the Council has had strong demand for two bedroom properties in Dovercourt. However our stock has dwindled and turnover of tenancies is very slow.

There now exists an opportunity to purchase the freehold interest in a two bedroom property in Dovercourt in a block of four flats where TDC are already the freeholder of the remaining three flats.

The Council has Section 106 and Right to Buy sale capital receipts and by purchasing the property using the Section 106 funds we will be able to add an additional property to our housing stock.

The property has been viewed by the Development & Building Manager and has been identified as a property of high demand with a construction type known to the Building Services Team.

To purchase the freehold interest in a two bedroom property in Dovercourt. The property is within a block of four where TDC already hold the freehold of the remaining three flats so this acquisition will add an additional property to our housing stock and allow us to regularise the title situation.

Not to purchase the freehold interest in this property has been considered. Given the difficulty the freeholders have faced in selling the property due to the unusual title situation and the demand for this type of property as a rental within the Council’s own housing stock this option has been discounted.