Luton Inclusive Growth Commission Housing & Infrastructure - - PowerPoint PPT Presentation

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Luton Inclusive Growth Commission Housing & Infrastructure - - PowerPoint PPT Presentation

Dec 23, 2023 166 likes •300 views

Luton Inclusive Growth Commission Housing & Infrastructure Robin Porter Deputy Chief Executive and Corporate Director, Customer and Commercial Housing Overview Mean House Price: Price bands in Luton: Flats: 175k to 200k Luton -

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Robin Porter Deputy Chief Executive and Corporate Director, Customer and Commercial

Luton Inclusive Growth Commission Housing & Infrastructure

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Housing Overview

Housing Tenure % of Luton Households % Regionally Owner Occupiers (Outright) 25.1% 32.9%

Owner Occupiers (with Mortgage) 35.1% 34.7%

Shared Ownership 0.4% 0.7%

Private Rented Sector 22.3% 14.4%

Rented from Local Authority 10.7% 6.8%

Other 6.3% 9.4% Mean House Price:

  • Luton - £248,169
  • UK - £216,000
  • Eastern Region - £296,000

Price bands in Luton:

Flats: £175k to £200k Terraced houses: £225k to £250k Semi-detached houses: £250k to £275k Detached houses: £350k to £375k

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Affordability Ratio

0.00 1.00 2.00 3.00 4.00 5.00 6.00 7.00 8.00 9.00 Sep-13 Sep-14 Sep-15 Sep-16 Sep-17

Ratio of median house price to median gross annual residence-based earnings 2017

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Rented Sectors

87.36 96.961 81.85 102.91 101.67 104.99 20 40 60 80 100 120 LA PRP LA PRP LA PRP England Luton Central Beds £ per week

LA vs PRP average rent 2017

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Homelessness

Luton (Number per 1,000 households) National Regional 2013-14 9.18 2.32 2.32 2014-15 5.67 2.32 2.4 2015-16 5.04 2.49 2.52 2016-17 4.86 2.56 2.54 2017-18 4.48 2.39 2.41

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Methods of Travel to Work

Work from home, 6,239 Train, underground, 5,425 Bus, coach, 6,546 Driving car / van, 49,313 Passenger in car / van, 7,511 Bicycle, 1,156 On foot, 11,317 Other, 2,082

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Traffic and Parking

Car Park <1hr 1-2hrs 2-3hrs 3-4 hrs 4-5 hrs All day Sat Sun Vicarage St £1.00 £1.50 £2.00 £2.40 £3.50 £7.00 £2.40 £1.00 The Mall £1.50 £1.50 £2.00 £3.00 £4.00 £10.00 As M-F £1.00

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Digital Infrastructure

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Social Infrastructure – Social Care

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Social Infrastructure – Early Education

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Gaps in Our Knowledge

Further research is needed to understand the link between social infrastructure and inclusive growth in terms of:

  • The impact of housing upon standard of living, work and outcomes in

health and education

  • The impact of transport infrastructure upon work, productivity and other
  • utcomes
  • The impact of social infrastructure such as social care and education on

life opportunities, access to the labour market and cost of living

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Housing and Infrastructure Summary

  • House prices and rents are increasing steadily, making housing less affordable

especially in the private rented sector

  • Luton has a significant housing challenge with high levels of homelessness, below

average levels of home ownership and a lack of social housing

  • Luton has several infrastructure challenges including parking and congestion

around the town centre with large numbers of residents travelling to work by car

  • Digital infrastructure in Luton is very good with increasingly high rates of superfast

broadband connectivity

  • Luton also has challenges around social infrastructure including access to free

early years education and quality social care for its young population

  • But we do have an airport!!