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How does your council estate rate - Southwark's scores & plans for the future

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jpm
Wednesday 22 July 2015 9.47am
Southwark Council has recently commissioned a report by property agents Savills that looks at all the Council's estates and rates them on two scores: Financial (called NPV) and Community sustainability

You can find all the information in a report considered by the Council's cabinet yesterday (Tues 21st) at moderngov.southwark.gov.uk/documents/s55626/Appendix%204%20Savills%20Evaluation.pdf#page=25

The report describes the estates as 'Asset groups' - this isn't (just?) an attempt to squeeze in property market jargon, but also is because often a group of not-clearly related properties are grouped together under an 'estate' banner.

As an example, in my end of SE1, the Lockyer Estate consists of four different unconnected blocks of different designs built between the 1930s and the 1950s. And down by the Elephant, Perronet House is lumped in with the Gaywood Estate despite being a completely different design and separated by several streets of Victorian terraced houses.

So there is a question about how logical the groups are and how good the information is that they've based the study on - but an interesting read.

Why does this matter?

On the back of all these figures, the Council has split the estates into four different groupings and is suggesting a different approach to the long-term investment, maintenance and overall future for these estates depending on how they have scored.

Put the kettle on, make a 'cuppa builders' and have a good read.
Saturday 25 July 2015 9.55am
Flog ability I suspect is what they really mean. Have tried to download piece but gets stuck will try later..

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