We have recently given property advice to religious communities and churches across the UK as they face difficult decisions resulting from falling numbers in their communities. By registering for one of our valuation or estate planning advice services, they ensured peace of mind for their religious property.
Our highly experienced team of commercial real estate surveyors used their experience and expertise to guarantee they were making an informed decision. Based on a detailed snapshot of the property’s condition and value.
Valuations for Religious Property
For centuries churches and religious orders have run schools, hospitals, care homes as well as maintaining places of worship and contemplation. Over time, they have acquired and converted property to meet their needs. However, in order to meet new statutory and building regulations, many of these properties have become expensive to maintain or adapt.
It is for this reason that many religious houses are now assessing the best use of their property, which often involves disposing of underutilized parts or complete sale. However, their options are further complicated by the historical importance of many protected buildings. Of these ‘listed’ properties, an estimated 14,810 are religious. The Church of England remains the largest owner of Grade I & II* listed property in the UK but still sells an average of 20 Churches per year as congregations can no longer sustain their upkeep. As the funding gap between parish income and cost widens, religious congregations are expected to face more difficult decisions over the coming decade.
What’s more, as the work of Religious Orders and priorities in parishes change, their property requirements will also alter. In many cases, the cost liabilities of older property will force a decision, but there are also many cases where property sits in a valuable location and a sale may facilitate other objectives. For more information on our commercial valuations, click here.
If you have enjoyed reading this case study, and would like to learn more about the ways in which you can add value to your home, simply check out our list of related articles below:
- Case Study: SIPP Valuation – Fairway Industrial Centre
- Case Study: Religious Valuation – Convent of Our Lady of Providence
- Case Study: Portfolio Valuations – Michaels Terrace (Cherry Capital)
Whatever your requirements, our team have a broad range of knowledge and experience in the commercial sector. We’d be more than happy to discuss your individual requirements and offer our advice on the best course of action.
Please call our experienced and knowledgeable team on 0808 169 8881 or alternatively send us an email
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This post was written by Liz Graney