Investment programme 2018/19 Investing in your homes

LHP will be investing approximately £10 million in its stock over the course of this financial year and an estimated £53 million over the course of the next five years. This investment will ensure that the homes we provide continue to achieve the Decent Homes standard as well as refurbishment work designed to improve the quality of life for those that live in our homes by improving the appearance or reducing running costs.

The positions of Shoreline and Boston Mayflower were quite different which means our focus for this year is to deliver on what we have planned to do in terms of improvements in both locations while behind the scenes we work to harmonise our policies, strategies and asset data base.

North (former Shoreline stock in North and North East Lincolnshire)

Following the successful completion of a 30% stock wide condition survey, we are keen to keep up this momentum and plan to survey a further 50% - that’s 4250 homes before 31 March 2019 with the final 20% being completed in 2019/20.

The information gathered on these surveys about the condition of key components with your home will help us prioritise investment over future years.

We will then continue with a rolling survey programme of 20% of the stock each year.

During the course of 2018/19 we will be carrying out the following works to properties:

  • £1.4m major damp and structural works.
  • £0.5m external enhancements to blocks
  • £0.8m for the commencement of the external painting programme
  • £3.5m for the annual Decent Homes programme (kitchens, bathrooms, boilers, windows, wiring and roofs).

If you are receiving improvement work to your home during 2018/19 we will write to you. When the stock condition survey is complete we hope to publish a five year investment programme for each property.

South (former Boston Mayflower stock in South Holland, Boston Borough and East Lindsey Council areas)

Following the successful completion of the corporate affordable warmth project which saw the average SAP rating of the stock rise from 63 to 78 over the course of four years, investment for 2018/19 is aimed at maintaining the Decent Homes compliant position.

During the course of 2018/19 we will be carrying out the following works to properties:

  • £2.8m for Decent Homes programme (kitchens, bathrooms, boilers, windows, wiring and roofs).
  • £0.35m for the external painting programme

In addition, we will be completing the final scheme in our five year sheltered scheme asset management strategy which will see the transformation of the former Fenside Manor Elderly persons’ unit into new, modern Pilgrim Mews apartments.

 

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