Kensington and Chelsea overtakes Lambeth as the London borough with the most empty houses

Helen Cahill
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Kensington and Chelsea has become a hot spot for empty homes (Source: Getty)

Kensington and Chelsea has overtaken Lambeth as the London borough with the most empty houses.

Lambeth had the most unused properties back in 2006, followed closely by Croydon, but the empty housing stock in these areas has now been occupied.

In England as a whole, there are 200,145 empty homes, which are worth £43bn in total, according to research by Property Partner.

Unsurprisingly, London accounts for a substantial proportion of the empty properties. There were 19,845 homes lying empty for more than six months last year, or £9.4bn worth of property; 22 per cent of the total empty homes in England by value.

Read more: Revealed: The London boroughs where house price growth is still above 20pc

Within London, Kensington and Chelsea had £2bn worth of empty properties last year, with 1,399 idle homes, an increase of 8.5 per cent on the year before.

This is how the number of empty homes in different London boroughs has changed over the last 10 years. The total value of the homes in each area was calculated using the London average property price of £474,704:

LONDON BOROUGHS

Number of empty homes 2006

Number of empty homes 2016

Total value of potential homes sitting idle

Kensington and Chelsea

1,140

1,399

£664,110,896

Croydon

2,721

1,216

£577,240,064

Camden

1,056

1,114

£528,820,256

Barnet

1,604

1,100

£522,174,400

Enfield

3,028

1,085

£515,053,840

Hackney

2,441

1,046

£496,540,384

Southwark

1,192

926

£439,575,904

Lewisham

0

812

£385,459,648

Lambeth

2,807

756

£358,876,224

Haringey

535

732

£347,483,328

Ealing

1,091

695

£329,919,280

Tower Hamlets

940

656

£311,405,824

Harrow

370

651

£309,032,304

Newham

2,070

593

£281,499,472

Bromley

1,253

591

£280,550,064

Sutton

1,238

566

£268,682,464

Merton

971

502

£238,301,408

Islington

1,057

499

£236,877,296

Dan Gandesha, chief executive of Property Partner, said: "These figures lay bare the huge amount of housing stock lying empty across the country.

"Councils have had the power to apply to seize empty homes since 2006 and huge advances have been made over the last ten years...We'd like to see the trend of the last decade continue, particularly where prices and demand are highest."

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