URL: https://democracy.croydon.gov.uk/ieDecisionDetails.aspx?ID=2599

Decision Maker: Executive Mayor

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: No

Purpose: This report seeks the Executive Mayor’s approval to acquire a Private Street property 23 Tunstall Road, Croydon, CR0 6TY.   The property is a Freehold 4 bed mid-terraced house. It meets the requirements of the Property Purchase Project, to acquire ex-Right to Buy and Private Street properties in the London Borough of Croydon. The project’s objective is to acquire a minimum of 300 (2, 3, and 4+ bedroom) properties over a 3-year period 2024-2027.   The property is in close proximity to properties already owned by the Council   This will enable the Council to meet the corporate priority to increase the supply of Temporary Accommodation, provide decant properties for Regina Road tenants and replacement properties for tenants occupying the Croylease (PRS) scheme

Content: This report seeks the Executive Mayor’s approval to acquire a Private Street property 23 Tunstall Road, Croydon, CR0 6TY.   The property is a Freehold 4 bed mid-terraced house. It meets the requirements of the Property Purchase Project, to acquire ex-Right to Buy and Private Street properties in the London Borough of Croydon. The project’s objective is to acquire a minimum of 300 (2, 3, and 4+ bedroom) properties over a 3-year period 2024-2027.   The property is in close proximity to properties already owned by the Council   This will enable the Council to meet the corporate priority to increase the supply of Temporary Accommodation, provide decant properties for Regina Road tenants and replacement properties for tenants occupying the Croylease (PRS) scheme For the reasons set out in the Part A and Part B reports and Part B appendices, the Executive Mayor AGREED:   To agree the purchase of23 Tunstall Road, Croydon, CR0 6TY on the terms detailed in the Part B report.   The property has been offered to the Council for consideration.   The Council has a significant Housing supply challenge, we currently have 3,600 families in Temporary Accommodation (TA) and 3,100 agreed on the housing register.   The Council has previously relied on the housing association sector to increase supply but the rate of new supply of affordable homes within the borough has declined significantly and there are significant constraints in accessing suitable accommodation in the private sector.   Financial savings achievable by reducing the demand on temporary and emergency housing, the current average cost to the Council for every TA placement is circa £8,000 per year.     The Council has already considered and entered a number of different housing solutions to address the need for temporary and emergency accommodation and continues to review options.   These have included taking long leases, typically for 40 years with rents below Local Housing Allowance levels but subject to RPI increases. At the end of the 40 years the Council can acquire the properties for £1. These schemes have a future place in providing this type of accommodation but do not offer the overall flexibility that straight purchase of homes has to offer.  

Date of Decision: November 6, 2025