Rob looks into the shocking statistic of 1.55 million abandoned homes in the UK. The episode explores the potential opportunities in bringing these empty homes back into use, highlighting the vast possibilities for property investors and developers. Rob discusses the challenges and benefits of tackling abandoned properties, emphasising the importance of maximising the efficiency of existing housing stock. 

KEY TAKEAWAYS

• There are approximately 1.55 million abandoned homes in the UK, worth over 500 billion pounds.
• The research by Together identified concerns over derelict properties, with Westminster, Cornwall, and Birmingham being the top three offenders.
• It is important to define what constitutes an empty home, as some may be second homes or have other unique circumstances.
• Running a land registry search on abandoned homes can potentially lead to profitable opportunities in property investment.
• Utilising abandoned homes can not only be a lucrative business model but also contribute to addressing the housing supply issues in the UK.

BEST MOMENTS

"There are supposedly 1.55 million abandoned homes in the UK. And I find that quite a staggering number, and I'm sure you do too."

"Oddly Westminster is the worst offender with just under 36,000 vacant homes."

"So really, therefore, this is a great way to be able to make cash."

"The opportunities here are endless."

"Getting those 1.5 million homes back onto the market, if possible, would be absolutely superb."

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