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EMPTY PROPERTY UPDATE

EMPTY PROPERTY UPDATE. Eileen Singers – Team Leader Empty Properties Team Eileen.singers@walthamforest.gov.uk Empty.Property@walthamforest.gov.uk. Effects of Empty Homes. Waste of a property that could provide an additional home in an area of high housing need

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EMPTY PROPERTY UPDATE

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  1. EMPTY PROPERTY UPDATE Eileen Singers – Team Leader Empty Properties Team Eileen.singers@walthamforest.gov.uk Empty.Property@walthamforest.gov.uk

  2. Effects of Empty Homes Waste of a property that could provide an additional home in an area of high housing need Attract crime and anti-social behaviour particularly squatters. Reduce the value of surrounding properties Are an eyesore in the neighbourhood Costly for the owner to maintain Costly for the Local Authority to investigate

  3. Empty Properties in Waltham Forest;How many, How long ? As at June 2014, there were 1,410 privately owned empty properties in Waltham Forest, over half of which had been empty for more than six months. This figure reduced lately due to changes in Council Tax exemptions. Probate accounted for 300 properties. Second Homes total 450 properties.

  4. Benefits of Returning Empty Homes Back Into Use Provides additional housing Reduces crime and vandalism in the area Regenerates the area Reduces the need for new developments Unlocks potential capital for the owner If just over half of the empty homes in England were renovated this would represent about 20% of the government’s requirement to deliver three million new homes by 2020.

  5. Approaches to Bringing Empty Homes Back Into Use Grants to owners from government funds, there are currently two grants available through GLAuntil April 2015. Enforcement action, EDMO, Enforced Sale, CPO. Advertising on radio and postcard campaigns. Attending auctions to liaise with new purchasers in the borough. Mailing empty homeowners to encourage them to utilise their properties.

  6. Grants to owners Average grant of £15,000 per property; In exchange for exclusive nomination rights for 5 years Grants funded from the Central Government via GLA bids. Grant spend since April 2012 = £340,000 approx Total owner contribution in same period= £500,000 approx.

  7. History of Empty Property Grants. In 2009/10 five properties were brought back into use via an Empty Property Grant. In 2010/11 this increased to thirty four. In 2011/12 the figure achieved was 60. The total invested by owners through grants is over 2.5 million

  8. Lettings Options Owners can become accredited and manage the property themselves. Owners can choose an accredited agent to manage the property. Owners can opt for one of Lettings Waltham Forest packages. These include guaranteed rent for the 5 year nomination period and full management service.

  9. Why Enforcement Action is Necessary

  10. Why Enforcement Action is Necessary

  11. Why Enforcement Action is Necessary

  12. Why Enforcement Action is Necessary

  13. Why Enforcement Action is Necessary

  14. Why Enforcement Action is Necessary

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