New legislation will force landlords and estate managers to raise the energy efficiency of their privately rented properties unless certain measures are undertaken.
The Government’s Warm Homes Plan has recently confirmed that most privately rented residential properties in England and Wales will need a minimum Energy Performance Certificate (EPC) rating of C or above by October 2030.
An EPC categorises how energy efficient a property is. They are rated from A (the most efficient) to G (the least efficient).
The way in which EPCs are assessed will change from 1st October 2029. Savills suggests that buildings which are primarily reliant on gas or fossil fuels are unlikely to achieve a C grade or higher.
Existing EPCs will continue to be valid until their expiry date. Whilst properties that fail to comply could face a fine of up to £30,000, there are certain exemptions relating to cost, third party restrictions and works already completed.
Amber Whelan-Jones, associate in the rural management team at Savills Cambridge, said: “The recent publication of the Warm Homes Plan will have provided some insight for rural landlords and estate managers, who can now plan ahead for expected expenditure over the coming years.
“For those with older buildings it’s an opportunity to assess the efficiency of any rental properties within their portfolio – establishing the energy performance so that future costs can be budgeted and any work completed in good time.
“Depending on the age and listed status of the property in question some improvements may need planning permission before work can proceed. It may also be necessary to notify your insurer,” she said.
Image: Savills
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