Decision

The Corporate Director: Housing has decided to purchase a leasehold property for £411,000 with associated costs up to £450,000 by 31 December 2026.

Analysis

outcome: The council approved the purchase of the leasehold property for the specified amount.

summary: The decision involves purchasing a leasehold property for £411,000 with associated costs up to £450,000 by 31 December 2026.

topline: The Corporate Director: Housing has decided to purchase a leasehold property for £411,000 with associated costs up to £450,000 by 31 December 2026.

reason_contentious: This issue may be contentious as it involves significant financial investment and potential impact on the local community.

affected_stakeholders: ["Council", "Local residents", "Property owner"]

contentiousness_score: 6

political_party_relevance: There are no mentions or implications of political parties or political influence on the decision.

URL: https://moderngov.lambeth.gov.uk/ieDecisionDetails.aspx?ID=10289

Decision Maker: Corporate Director: Housing

Outcome:

Is Key Decision?: No

Is Callable In?: No

Purpose:

Content:   1.          To purchase the leasehold property for £411,000 (including home loss and ex-gratia payments), plus associated costs to a total of up to £450,000, with the acquisition to be completed no later than 31 December 2026.   2.          To approve the capital budget of £450,000 to purchase this leasehold interest which would ultimately be funded from the land receipt generated from the regeneration of the estate.  

Date of Decision: August 21, 2026