Empty Promise: Longhurst Group's Mismanaged Oakham Property
A social housing flat owned by the Longhurst Group in Willow Crescent, Oakham has remained vacant for over two years, despite the pressing need for affordable housing in the area. The property, which was renovated to a high standard after the previous tenant's passing, has since been listed for sale multiple times, raising concerns about the group's management of its housing stock.
After a significant investment in renovations, the Longhurst Group opted to list the property on the open market at an apparent bargain price of £89,000, including freehold ownership of the entire block. This offer, coupled with a minimal ground rent income of £30 per year and the responsibility for building insurance administration and future maintenance costs, failed to attract buyers.
Subsequently, the property was put up for auction today, but once again, it did not sell. This series of unsuccessful attempts to sell the property has led to frustration and disappointment among local residents who are struggling to find affordable housing.
The incident has also highlighted concerns about the Longhurst Group's approach to property management. The decision to sell the property rather than re-letting it as social housing has raised questions about the group's priorities and its commitment to providing affordable housing for those in need.
Local residents are urging the Longhurst Group to reconsider its strategy and prioritise the use of the property for social housing. By placing a tenant in the property, the group could not only address the housing shortage but also generate rental income to offset the costs of the renovation.
As the housing crisis continues to worsen, it is imperative that social housing providers like the Longhurst Group take steps to maximize the utilisation of their properties and ensure that they are serving the needs of the community.
Once Again the Longhurst Group is merging with another housing association, this time it will change its name to Amplius