Lambeth has a substantial shortfall in funding to deliver the LHS programme – and this does not include costs for Central Hill. If redevelopment does not go ahead we cannot tell residents when any refurbishment works could happen.
The estimated average cost of refurbishing a council tenanted home on Central Hill is over £44,000 – based on 2015 prices. Elsewhere in Lambeth, the average cost is around £16,000 per tenanted home.
Refurbishing homes on Central Hill does not therefore represent value for money for the council and means that there would be less money available to spend on improving other homes in the borough.
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