Luton Borough Council

Local government transparency code: social housing asset data

The local government transparency code 2015 requires that a local authority publishes social housing stock data at postcode sector level (example LU1 1**) except where the stock number in that post code is lower than 2,500.

In these situations, in order to ensure that individual properties cannot be identified, councils are obliged to publish at a higher post code level that is postcode district level (example LU1).

The data is based on the valuations at 31 March 2015. The market values are in the opinion of the valuers the best sale price that could be obtained for the property at the time of valuation.

The adjusted Existing Use Value – Social Housing (EUV-SH) represents the assumption that the properties have sitting tenants with potentially below market value rents and statutory rights such as right to buy.

The valuations are not an indication or suggestion that tenancies should be ended to realise the market value.