Decision details

To agree to the disposal of 45 Grosvenor Street from the HRA portfolio.

The property does not meet the minimum required standards for social housing and requires in the region of £125,000 of investment to bring it to a standard that meets the Safety and Quality Consumer Standard.

The following alternative options were considered and rejected:
1. Re-let following minimal works – would not meet the Safety and Quality Consumer Standard
2. Re-let following full renovation – additional conversion works would be required to provide the expected layout and standard of accommodation
3. Re-let following full renovation and conversion – the associated costs would return a negative net present value in 30 years, it is therefore considered that the funds would be more effectively spent on other more suitable homes
4. Redevelopment – listed status severely limits the opportunities to minor extension only; meanwhile full refurbishment and conversion works (as option 3) would also be required to bring to the required standard