3, Park Place

Why Does This Property Have a F Rating?

This terraced house is located in WADEBRIDGE, PL27 7EA. The property offers 96.9m² (1043 sq ft) of good-sized living space with 5 habitable rooms. It is a period property with Victorian or earlier origins. Currently rated F (38/100) for energy efficiency, this property would benefit significantly from energy improvements. With recommended improvements, it could achieve a E rating (39/100). The gas boiler has a poor efficiency rating, suggesting it may be over 15 years old. Older non-condensing boilers typically achieve only 60-70% efficiency compared to modern condensing boilers at 90%+. Replacing an old boiler could reduce gas bills by 20-30% and costs around £2,500-£4,500 installed. The solid walls lack insulation. Solid wall insulation (external or internal) typically costs £8,000-£14,000 but can reduce heat loss by up to 35% and improve your EPC rating by 1-2 bands. The pitched roof lacks adequate insulation. Topping up loft insulation to 270mm (the recommended depth) typically costs £300-£500 and could save £150-£250 annually, with the investment often paying for itself within 2-3 years. Double glazing is installed, though the efficiency rating suggests older units. Modern low-E double glazing can be up to 40% more efficient than units installed before 2002. Estimated annual energy costs are £1332, comprising £1001 for heating, £242 for hot water, and £89 for lighting. The property produces 8.2 tonnes of CO2 per year, which is high for a UK home. IMPORTANT FOR LANDLORDS: With an EPC rating of F, this property does not meet the Minimum Energy Efficiency Standards (MEES). Since April 2020, landlords cannot legally let properties rated F or G without registering a valid exemption. Penalties for non-compliance can reach up to £30,000. Immediate improvements are required to bring the property to at least an E rating.

Property Information