Wednesday, 13 December 2017

Auction of vacant property

A EMPTY house in Wargrave is to be auctioned to fund new homes for tenants in Wokingham.

A EMPTY house in Wargrave is to be auctioned to fund new homes for tenants in Wokingham.

No 79 Victoria Road has been vacant for 30 weeks, meaning that £3,751.50 has been lost in rent.

The decision to sell the three-bedroom property was made by Alistair Corrie, executive member for regeneration and affordable housing at Wokingham Borough Council.

The semi-detached house was said to be in a poor state of repair.

The money raised by the sale will go towards rehoming tenants from Eustace Crescent, Wokingham, which is being regenerated.

Cllr Corrie said: “The property has excellent scope for further extension to the side and rear, subject to necessary consents.

“It is considered that auction will generate the most favourable capital receipt as there is a strong possibility that a number of parties would be in direct competition for the property.”

Simon Price, head of tenant services at the council, said: “Wargrave Parish Council expressed concerns about the loss but the best case was to sell the property.”

Cllr Corrie said: “The property has excellent scope for further extension to the side and rear, subject to necessary consents.

“It is considered that auction will generate the most favourable capital receipt as there is a strong possibility that a number of parties would be in direct competition for the property.”

Simon Price, head of tenant services at the council, said: “Wargrave Parish Council expressed concerns about the loss but the best case was to sell the property.”

More News:

Latest video from

Youngsters dazzle at music competition
 

POLL: Have your say