Housing Executive homes sold for under £30,000 in Derry

Social housing (Rui Vieira/PA Wire)
Social housing (Rui Vieira/PA Wire)

The average Housing Executive property sold off in Derry over the past 12 months went for a bargain £26,700.

The Housing Executive (HE) has revealed that 51 properties in the city were sold off during 2014 under the Right To Buy scheme.

The average home was valued at £45,200, but when length of tenancy discounts and other factors were brought into play, this was knocked down to less that £27,000.

While presenting an ‘Overview Of Housing’ in the city to Derry City Council’s Regional Services Committee on Tuesday, HE Area Manager West Avril McAllister said that to date a total of 8,191 homes have been sold under the Right To Buy scheme.

(For more on this story see Friday’s Derry Journal)