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What is the impact of a communal boiler on property values?

I live in an apartment block with a communal boiler. The boiler needs to be replaced and the freeholder is proposing installing individual boilers in each flat and I am concerned about the impact this would have on the value of the flat. Does having a communal boiler generally improve or reduce property value?

Asked on Nov 4 2012, Home Improvement in London | Report content

Answers (3)

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  • It doesn't generally have any impact on the value of the property. Normally potential buyers of your flat won't care whether the boiler is communal or not. They'll be more concerned about location, condition and price. However, it is a good thing to do as normally the running costs of a properly fitted individual boiler will be less than communal boiler PLUS you're not paying for someone else going mad taking 2 baths a day!! It's a good thing to do so if you can afford it go ahead and do it. Good luck.

    Answered on Nov 13 2012, Report content
  • Having individual boilers makes much more sense. It will reduce the annual maintenance costs and be far more efficient. As far as property price goes, it won't have much effect, but it is much better if you ever consider letting the flat out as it can sometimes be difficult to build the maintenance costs into your rental price when competing with other rental properties.

    Answered on Dec 10 2012, Report content
  • No, boilers bells and whistles cannot add value to a house but they might make it easier to sell when the time comes. Stuff which does add value is generally extra floor space and extra facilities such as a second bathroom or shower room. Don't let that put you off improving your place with a better boiler though, if you're going to be living in the place as a home for the foreseeable future then it can make sense to 'invest' in something that makes your life better. However if you want to increase your property value you should start follow a good techniques that I came across at Plazaestates website and make some good changes in your flat interior and exterior too.

    Answered on Apr 22 2013, Report content

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