A five-bedroom house in Ashington looks set to be snapped up by Northumberland County Council and converted into a children's home.
Leading councillors have agreed to spend £1.26 million to acquire and convert Black Close House into a children's home.
Speaking at last week's meeting of the council's cabinet, Coun Guy Renner Thompson said the project would save the council money in the long-term.
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He said: "This is a substantial home on a 1.43 acre site. It will have a huge benefit to Northumberland and mean more looked-after children don't have to leave the county, they can stay in-county.
"There is a significant cost saving for us rather than going to private, third sector partners."
Council leader Glen Sanderson added: "This is a really important investment to keep children in the county and avoid the difficulty of them leaving. It is a great investment which I'm sure will pay for itself."
Documents presented to the county identified Black Close House as the target of the investment. However, while the five-bedroom house was listed for sale earlier this year, it has since been withdrawn.
A spokesman for the county council said: "We continue to be in discussions around the purchase of a property for use as a children's home."
As well as five bedrooms, the property also currently features a library and study, a large principal reception room and separate dining room. There is also sun rooms overlooking the land, a double garage and "extensive cellars" at basement level.
The project will be funded using money from the council's children's home budget, included in the authority's medium term financial plan for 2023/24.
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