The transformation was from bare walls, damp floors and a leaking roof to cosy living space with a living room-cum-bedroom, kitchenette and shower room. “We had to re-lay flooring, put in underfloor heating, we had the roof taken off and put back on, and the inside damp-proofed,” says Neil, 65, a hospital consultant. “It was either that or watch these buildings deteriorate, it felt like the best way of dealing with things.
“Or those looking for rental opportunities could maximise their returns by reducing the potential tax burden of purchasing an entirely separate second property. “With second homeowners facing uncertainty, it seems savvy home-hunters have spotted a clever way to have the best of both worlds.” In some areas, including North Yorkshire, council tax bills for second homes are set to double.
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