Own An Empty Home


Happy Homes graphicEmpty Homes to Happy Homes
Funding opportunity - register your interest in the Empty Homes to Happy Homes project. Further information


Homes are left empty by their owners for a number of reasons, including:
  • The need to undertake repairs or renovation
  • Bought for investment potential
  • Waiting for the right time to sell
  • Don't want the hassle of renting
  • Legal disputes or bereavement
  • Not sure what to do with the property
Empty homes are a wasted resource. Owners of empty homes could be benefiting from the income that their property can provide. There is an ever increasing demand for housing and selling or letting an empty home could provide a significant income.

Owners often don't realise that their empty home represents a wasted opportunity to turn an eyesore into an asset. When considering the following factors, it is a wonder why owners would wish to keep their property empty.
  • Loss of potential rental income (£4,500 - £11,000 a year)
  • Liability to pay council tax & utilities (subject to any exemption) (£1,200 - £2,800 a year)
  • Mortgage repayment costs (£4,500 a year based on an interest only mortgage at 4.5% borrowing £100,000)
  • Empty homes attract anti-social behaviour, including criminal damage, vandalism and arson
Many owners through no fault of their own are unsure of what to do with their empty home. The Council can offer advice and support to owners of empty homes.
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Last updated:
15/03/2016

Assigned review date:
01/01/2017

Awaiting page content review by the allocated team


Page Section:
Resident
Housing & Property

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