Ex Council Property Search (UK)

Investors

Space & Money

If you are a landlord and you are looking at letting out your ex council property, why not choose an specialist. Choose a letting agent who has experience in letting ex council property.

Traditionally ex council property (ex local authority) make good investments or first homes. They typically have larger floor plans, due to the era from when the majority had been built in the 60’s and 70’s when land wasn’t at such a premium as it is today.

They also tend to be slight lower in price compared to traditional properties. Royal Institution of Chartered Surveyors (RICS) states that ex council property is approximately cheaper than comparable private properties by 20%.

Ex council property allows buyers to live within areas which could in some occasions be out of reach.

For Buy to let investors, ex council property tends to be a staple for their property investments. Put simply the tend to be cheaper than comparible properties, larger floor plans and strong rents, which pushes up yields. I’ve seen in some cases landlords getting a 10% return on their investment.

What is an ex-council property?

They are properties that had been owned by a council / local authority and occupied by council tenants.

In May 1979 the Thatcher government implemented a scheme whereby council tenants had a ‘right to buy’ there council home from the council at a discount.

Subsequently in the UK 2.77million homes have been purchased under the Right to Buy scheme that amounts to 10% of all homes in the UK. It is our estimation that 130,000 had been re sold in 2015, keeping in line with national property sales averages.

Latest News

10
Aug

Thousands of London’s…

The Right to Buy scheme has seen former council house tenants in the capital enjoy mega returns on owning their properties.  Read…
10
Aug

Town halls buy back…

Councils have spent millions buying back homes they sold at a discount under Right-to-Buy laws to meet housing shortages. Islington…
10
Aug

Anthony Joshua moves…

Grounded boxing star Anthony Joshua has moved back into his mother's two-bed ex-council flat despite earning an estimated…