Let Best Gapp maximise the value of your empty home

Written on 31 May 2016 by Alistair Boscawen in Property News

New evidence from Kensington & Chelsea Council reveals only a tiny proportion of homeowners in the borough leave their properties unoccupied for long periods of time.  

Let Best Gapp maximise the value of your empty homeA spokesman for the local authority revealed there are “about 109 homes in the borough that have been unoccupied for two years or more”.

“We work hard to identify the owners of long-term empty properties, some of which are empty for valid reasons such as building work or a change of ownership,” he added.

The council’s own figures are at odds with recent research that reveals London accounts for more than 10% of the 203,596 homes in England that have been uninhabited for six months.

The study by crowdfunding platform Property Partner claims 20,915 properties in the capital were unoccupied in 2015.

It says figures from the Department of Communities and Local Government – not local councils – show Kensington & Chelsea had 1280 homes that were unoccupied for six months or more in 2015.

Despite the figures obtained by Property Partner showing the total number of empty homes in London falling from 40,081 in 2005, London Mayor Sadiq Khan wants to introduce rules that limit the sale of residential property to overseas investors.

The Mayor recently told TV viewers: “We shouldn’t be embarrassed of saying our homes are homes, not gold bricks for investors in the Middle East and Asia.”

If you own one of the few residential properties in Belgravia, Knightsbridge, Chelsea, Mayfair, Pimlico or South Kensington that is unoccupied, contact Best Gapp today. Our team of sales and lettings specialists can help you maximise its value.

For more information on this news article, click on the link below

The Evening Standard

Alistair Boscawen

Alistair has 32 years’ experience as an estate agent, starting in the country house department of one of London’s main international agencies before moving to the Knightsbridge house department of the same agency and learning the difference in values between freehold, long lease and short lease houses in Knightsbridge, Belgravia, Chelsea and Mayfair.

All articles by Alistair Boscawen


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