Social Housing Asset Value
Under the Local Government Transparency Code 2015, we are required to publish details of the value of housing stock that is held in our Housing Revenue Account (HRA).
Social Housing Asset Value 2019 (PDF, 82 KB)
The information contained in the Social Housing Asset Value sets out the market and Existing Use Value - Social Housing (EUV-SH) for dwellings as at 1 April 2019 by postcode and valuation band. The information includes:
- the number of social housing dwellings
- the dwellings value
- the percentage of dwellings that are occupied or vacant
In April 2020, we are likely to be finalising the Social Housing Asset Values for the Statement of Accounts (and may still be awaiting the final valuation report), Social Housing Asset Value 2019 will be the most up to date valuation data at that point.
Valuation data is listed at postal sector level without indicating individual dwelling values.
In line with paragraph 17 of the Transparency Code, postcode sectors have been merged into postcode districts where there are less than 2,500 properties in each area.
In line with paragraph 18 of the Transparency Code, valuation bands have been merged with the next lowest valuation band where there are less than 10 properties in a band in each postcode area.
Existing Use Value for Social Housing
Existing Use Value for Social Housing (EUV-SH) is the valuation basis used for dwellings in the Statement of Accounts as per the CIPFA Code of Practice on Local Authority Accounting. This is calculated as 25% of vacant possession value (in the London area) as set out in the DCLG document Stock Valuation for Resource Accounting 2016. The publication of this information is not intended to suggest that tenancies should end to realise the market value of properties.