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Winter 2012/13SOCIAL, ECONOMIC & HOUSING INTELLIGENCE REPORTHousing Allowance any changes will have significant impact on howmuch landlords will be able to charge their tenants.Long term voidsVisibly high incidence of properties for sale to letIn large parts of the country private tenants can‟t afford private rentswhilst private landlords can no longer afford tenants on benefits.Hyndburn is still affordable but people are still watching to see whatwill happen in the future under any changes to the welfare bill. Privaterents are rising on the back of growing tenant demand and staticsupply but the profile of growth varies across the market. One of theindicators of areas suffering with low housing demand is low incomelevels. An area with high proportion of households that are in receiptof housing benefit who live in private rented accommodation is a strongindicator of low housing demand.Housing MarketLarge parts of the Hyndburn area suffer with low housing demand, withthe Government defining these areas as having a number of thefollowing conditions: Predominant private housing Low property values in comparison with similar propertieselsewhere High turnover of population High proportion of private rented sectorNeighbourhoods suffering with these symptoms are considered tobe characterised by a long legacy of decline and de-industrialisationwhich has weakened local economies and led to high levels ofdeprivation, anti-social behaviour and poor public and privatefacilities.To tackle these problems Hyndburn has introduced SelectiveLicensing into the borough and designated parts of Accrington andChurch area. This came into force on the 1 st December 2012 withthe designated area covers approximately 5,000 properties, withover a third being private rented households. The area‟s designatedwere those areas suffering with, or those areas likely to fall into lowdemand if no intervention was carried out.The private rented sector performs an essential role in theBorough‟s market, offering flexibility and choice, with potential tosupport economic growth as well as meet housing needs. TheCouncil wants to ensure that standards are high across the privaterented sector, especially in areas of low housing demand. SelectiveLicensing will form a part of a wider set of measures that seek toaddress the cause of low housing demand in parts of the Borough.19
Winter 2012/13SOCIAL, ECONOMIC & HOUSING INTELLIGENCE REPORTA series of indicators was compiled with the map below highlightingthe areas suffering the most across the borough.Figure 6. Housing Demand in HyndburnProperty ValuesHyndburn has some of the lowest house values in the country, with theeighth lowest median property prices at £92,250 in comparison tonational figures of £180,000 and Lancashire average figures of£130,000. This also shows Hyndburn median property values are lessthan half (51.3%) of the national average and 70.9% the proportion ofthe North West and Lancashire median values.Figure 7. Hyndburn Ward Property Prices£160,000£140,000£120,000£100,000£80,000£60,000£40,000£20,000Hyndburn Ward Property Prices (2011)AverageMedianLQ£0AlthamBarnfieldBaxendenCentralChurchClayton-le-MoorsHuncoatImmanuelMilnshawNethertonOvertonPeelRishtonSpring HillSt Andrew'sSt Oswald'sHyndburnSource: Land Registry 2012The chart (Figure 7) shows the lower quartile, median and averageproperty value for each of the wards in Hyndburn. The green trianglerepresents the lower quartile value, the blue square represents the20
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