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  • Buy-to-Let

    EPC - the cost to get to E rating



    Is anybody else having an issue with getting an old property up to the E rating ?

    3 years ago I had a brand new electric boiler fitted in a 100 year old property, I thought at the time I was doing the right thing. It turns out that this has now gone against me and to get this property up to the required rating I may be looking at a cost of 4-6k. To be honest I may as well sell this property as the tenants are leaving soon, bank the profit and buy another property with a better EPC.

    In another property I have storage heaters as there's no gas, which believe it or not are marked better than the electric boilers on the EPC checks. The loft is a third bedroom, so this means there's no loft insulation and the property has been marked down in the ratings because of this. Again it'll cost me a fortune to get it up to an E rating, so a may as well sell.

    Any advice from anyone who has had or is having similar issues would be welcome.

    Thanks

    J.

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    Sounds like loft conversion did not meet building control standard if no insulation!

    Selling and rebuying will be very expensive on fees alone as new property will be subject to 3% SD surcharge - plus legals on both sale and purchase - so several times the cost of fitting a Gas Boiler.

    Precisely what number E rating does the rental have at present - it may just need low energy light bulbs if very marginal - or at worst a new Gas CH Boiler for say £1500/£2000.

    Study carefully existing EPC - see it free online at EPC REGISTER - check via postcode.

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    I think electric central heating is a curse

    I have been looking for a system which gives a good EPC but I can’t find one

    if any one else knows let me know

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    Learn Change and Adapt ?????

    All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.


    Was there a reason you chose not to install Gas Boiler - is there no gas supply in the area?

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    Too be honest I made a mistake and didn't do my homework. It was the easiest thing to do at the time and thought it would save me money in the long run with Gas checks etc.....how wrong can one be!

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    In fairness - lots of truth in old cliché - "the man who never made a mistake, never made anything"

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    I did a block of flats in 1991 and at the time I was advised to go all electric

    I realised it was a mastake and it’s taken me around seven years to get rid of electric and put in gas

    looking back it was the best thing I did and the last ones were done with grants in the area so I was dam lucky

    I would never buy all electric properties now

    there just a pain

    gas is better but you have more brakedown and Cp12 every year

    but the customer much prefer the gas

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    Learn Change and Adapt ?????

    All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.

    Beat me to it!

    Was going to say all-electric is the future.

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    That story on property industry eye is 3 years old now and nothing has come to fruition from it. Electricity instead of gas? Not so sure about that at the moment.

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