Watford Borough Council have just announced they will be raising tax for empty and second homes in an attempt to free up housing stock.
Owners of homes that have been empty for more than two years already pay double the amount of council tax, but the period for being classed as empty will now change to one year from next month. Charging double tax on second homes is a new policy for the council and will come into effect from April 2026.
If you own a property in Watford, now is the perfect time to consider renting or selling your home. Independent Estate Agent, Harry Charles has over 20 years’ experience of renting out properties to a high standard with our properties managers on hand to keep you compliant and ensure you capitalise on your property potential. With landlords staying with us for over 15 years and new joining us daily, why not give us a call.
Watford continues to be an attractive area for renters, with excellent transport links to London and a range of local amenities. Due to the rising cost of living, many people are seeking rental properties in Watford to avoid the high rental prices in central London. By renting out your empty property, you can generate a steady stream of income, with yields up to 12%, helping you cover costs like council tax.
Whether you're considering a long-term let or a short-term rental, the demand for properties in Watford remains strong.
Watford BC plans to increase premiums for empty and second homes was confirmed in a meeting last Tuesday, according to Local Democracy Reporting Service. The 2021 census showed that there were 2,135 empty homes in Watford, making up more than five per cent of the borough's homes.
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