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Share Burnside Court, Portsoy on FacebookShare Burnside Court, Portsoy on TwitterShare Burnside Court, Portsoy on LinkedinEmail Burnside Court, Portsoy link
Burnside Court is located in Portsoy, and is one of two schemes in the town. The scheme has 11 flats in the block split over 2 floors, and an attached former warden property.
The average occupancy rate for the scheme is 93.4% over 10 years. Demand for the scheme can be challenging, with vacant properties often proving difficult to let. Demand for Portsoy is split between 2 schemes, which may be a factor here.
Burnside Court has a negative Net Present Value of around -£2 million. This is driven by a combination of lost income due to vacancies and the cost of future investment required at the scheme. This means that the scheme will require significant subsidy from other tenants to maintain it in future.
Portsoy offers a GP surgery, pharmacy and a range of shops for tenants. However, the scheme is located at the bottom of a steep slope, which limits accessibility for tenants with mobility issues. There is a regular bus service to Banff to support public transport options.
The main drivers for considering the scheme for closure are the level of subsidy that will be required from other tenants to maintain the scheme in future, and the challenge in letting vacant properties.
Burnside Court is located in Portsoy, and is one of two schemes in the town. The scheme has 11 flats in the block split over 2 floors, and an attached former warden property.
The average occupancy rate for the scheme is 93.4% over 10 years. Demand for the scheme can be challenging, with vacant properties often proving difficult to let. Demand for Portsoy is split between 2 schemes, which may be a factor here.
Burnside Court has a negative Net Present Value of around -£2 million. This is driven by a combination of lost income due to vacancies and the cost of future investment required at the scheme. This means that the scheme will require significant subsidy from other tenants to maintain it in future.
Portsoy offers a GP surgery, pharmacy and a range of shops for tenants. However, the scheme is located at the bottom of a steep slope, which limits accessibility for tenants with mobility issues. There is a regular bus service to Banff to support public transport options.
The main drivers for considering the scheme for closure are the level of subsidy that will be required from other tenants to maintain the scheme in future, and the challenge in letting vacant properties.
Share Please advise what future investments you propose for this scheme, including the cost of each investment and why you deem it necessary? on FacebookShare Please advise what future investments you propose for this scheme, including the cost of each investment and why you deem it necessary? on TwitterShare Please advise what future investments you propose for this scheme, including the cost of each investment and why you deem it necessary? on LinkedinEmail Please advise what future investments you propose for this scheme, including the cost of each investment and why you deem it necessary? link
Please advise what future investments you propose for this scheme, including the cost of each investment and why you deem it necessary?
Jlangley90064
asked
19 days ago
Thank you for your question regarding future investment in this scheme.
As part of our strategic review, we have assessed all sheltered housing schemes across Aberdeenshire using a consistent set of criteria to ensure a fair and transparent analysis. This includes identifying the upgrades required to bring each scheme up to modern building and safety standards.
For this scheme, the following upgrades have been identified as necessary:
Lift replacement or installation
Sprinkler system installation
Heating system upgrades
Fire alarm system replacement
Lighting system improvements
These upgrades are essential to ensure the building meets current safety regulations and provides a safe, comfortable environment for residents. The same categories of investment have been considered for all schemes to ensure a fair comparison.
All financial information relating to schemes has already been published and this can be accessed via the main Reshaping Sheltered Housing page.
Share Please advise what you are doing to increase the occupancy level for this scheme? on FacebookShare Please advise what you are doing to increase the occupancy level for this scheme? on TwitterShare Please advise what you are doing to increase the occupancy level for this scheme? on LinkedinEmail Please advise what you are doing to increase the occupancy level for this scheme? link
Please advise what you are doing to increase the occupancy level for this scheme?
Jlangley90064
asked
19 days ago
Thank you for your question regarding occupancy levels at the scheme.
To maximise interest and ensure properties are let as efficiently as possible, we follow a multi-step approach:
Advertising through Choice-Based Lettings (CBL): All available properties are first advertised on the CBL portal, where applicants can express interest by placing a bid.
Direct Contact with Applicants: If a property receives no bids, our allocations team proactively contacts individuals on the housing waiting list to offer the opportunity directly.
Local Promotion: We also promote available properties locally through posters in community spaces and, in some areas, by working in partnership with local community councils to raise awareness and support the allocation process.
These combined efforts aim to ensure that properties are matched with suitable tenants as quickly as possible, while also supporting local housing needs.
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