Six in ten to carry out EPC improvements
Summary
Pegasus Insight research suggests that EPC upgrades will cost landlords around £11,713 per property on average, with 62% planning to make improvements and many seeking to fund them from savings, borrowing or grants. The article highlights a funding gap between the estimated cost of reaching EPC C and the level at which many landlords say improvements become financially unviable.
Why it matters
Surveyors advising landlords, buyers or lenders may increasingly encounter properties needing energy-efficiency upgrades and questions about retrofit feasibility and funding. The findings also reinforce the growing market and regulatory pressure around EPC performance in the private rented sector.
Key points
- 62% of landlords plan to carry out EPC improvements, up 13% on the previous quarter
- Average estimated cost of EPC upgrades is £11,713 per property
- 60% of landlords are thought to own at least one property below EPC C
- Landlords expect to use savings, borrowing, equity release or grants to fund works
- Renters increasingly value EPC ratings when choosing a property
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