The Cost of Turning Empty Dwellings into Homes
A study by Fordham Research has found that more than 9,000 homes in East Kent are lying empty and going to waste, despite many of these being in good condition. A range of vacant properties across four Kent districts were surveyed for characteristics, condition, letting potential and cost of refurbishment.
The cost of refurbishing the home to a decent standard could be surprisingly low. The survey found that the average cost per dwelling of urgent external works was just £1,649, while the average for comprehensive repairs was £5,412.
Over three-quarters of dwellings were classified as in 'excellent', 'good' or 'fair' condition. Around a third would not be difficult to let without any further work.
The study was commissioned by Dover, Shepway, Swale and Thanet district councils in partnership with Kent County Council. It will be used to help tackle the growing problem of empty dwellings in areas with pressurised housing markets.
Alex King, portfolio holder for regeneration at Kent County Council, told Environmental Health News that 'The findings are encouraging as they demonstrate that it is a problem which we can address by providing support to the owners of empty properties and making them aware of the options open to them.'