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Waverley Borough Council to buy 48 affordable homes for £14.5m

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www.bbc.co.uk

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The outside of a council building including a grass lawn. There is a sign which reads "Waverley Borough Council"

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Waverley Borough Council plans to purchase 48 affordable homes for £14.5m

Overview

Waverley Borough Council is set to spend £14,454,118 to acquire 48 affordable homes to help address housing waiting lists. The purchase includes 40 properties at the Waverley Gardens development and eight homes at Farnham Oaks, pending approval from the West Surrey Shadow Executive.

Key points

  • Waverley Borough Council plans to buy 48 affordable homes for £14,454,118.
  • The acquisition includes 40 properties at Waverley Gardens and eight homes at Farnham Oaks in Wrecclesham.
  • The purchase is subject to approval by the West Surrey Shadow Executive.
  • The scheme will be funded through a mix of borrowing from housing revenue accounts and asset sales.
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