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Is the property rentable?

ahsih
ahsih Posts: 7 Forumite
Fifth Anniversary First Post
edited 7 February 2020 at 5:00PM in House buying, renting & selling
Currently in my house, we do not have boiler nor radiators, instead we have a vented hot water cylinder and for couple of those mobility electric heater which can move around easily. Our property is also electric only (has E7 meter), there is no gas pipe go through our property.
I was wondering if I do plan to rent my property out, do I need to install a boiler/radiators as I do not have one of those? 
Our house is currently rating E41 and F36 for environment ,
Thanks

Comments

  • What EPC rating please?  May be too low to be rented.

    Join RLA/NLA and get educated

  • ahsih said:
    Currently in my house, we do not have boiler nor radiators, instead we have a vented hot water cylinder and for couple of those mobility electric heater which can move around easily. Our property is also only electric only (has E7 meter), there is no gas pipe go through our property.
    I was wondering if I do plan to rent my property out, do I need to install a boiler/radiators as I do not have one of those? 

    Thanks
    I guess there are two parts to this.  Firstly, your home will require an Energy Performance Certificate and there's a minimum acceptable rating for rental properties.  If your property can't scrape an E then you won't meet the minimum standard.

    https://www.gov.uk/guidance/domestic-private-rented-property-minimum-energy-efficiency-standard-landlord-guidance
    https://www.gov.scot/publications/energy-efficiency-private-rented-property-scotland-regulations-2019-guidance/

    The second part is, what tenant would want to live in a property with your type of heating and how water?  If you did manage to scrape an E how would your property compare against other, similar properties in the area?  Would they have central heating systems?
  • tom9980
    tom9980 Posts: 1,990 Forumite
    Part of the Furniture 1,000 Posts Name Dropper I've helped Parliament
    ahsih said:
    Currently in my house, we do not have boiler nor radiators, instead we have a vented hot water cylinder and for couple of those mobility electric heater which can move around easily. Our property is also electric only (has E7 meter), there is no gas pipe go through our property.
    I was wondering if I do plan to rent my property out, do I need to install a boiler/radiators as I do not have one of those? 
    Our house is currently rating E41 and F36 for environment ,
    Thanks
    It does not seem like a good property to rent unless there are some really easy improvements that will get you to at least a D, the thing to remember is the requirements are getting more stringent they will be higher in the future so better to sell now before the property is encumbered with this problem which will devalue it.

    Do remember if you don't sell and buy another house you have extra stamp duty to pay as well as tax on the income which may push you into a higher tax band. You will also need to soon have electrical checks, the removal of s21 eviction notices and many other hurdles 
    When using the housing forum please use the sticky threads for valuable information.
  • Smodlet
    Smodlet Posts: 6,976 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    If you don't want to live in your house (assuming you actually do and it is not standing empty) why should anyone else?
  • yksi
    yksi Posts: 1,025 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper
    Without any radiators or efficient heating, the only people who will want to rent this are the desperate. Unfortunately, those kinds of people are the ones most likely to either disappear owing money, fail to pay their rent completely, or damage your house. Spend the money on installing a boiler and radiators, or just sell the house (although selling with no heating will also be difficult).
  • you'd have to pay me to live in somewhere with no heating, i would suggest installing efficient heating as it will put a lot of people off. Your looking at a very niche market otherwise.
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