Housing Needs Assessment 2006 - Westminster City Council

Appendix A3 Balancing housing market analysisAppendix A3 Balancing housing market analysisA3.1 IntroductionThe following tables show the detailed analysis for the six components contributing to theBalancing Housing Market Analysis presented in Chapter 12 of this report.A3.2 Analysis of City of Westminster dataThe first table shows an estimate of the housing requirements of potential households. The table isbased on the number of potential households who need or expect to form over the next five yearswithin the City along with estimates about affordability and stated size requirement. Any potentialhouseholds who would both like and expect to move from the City are excluded from this analysis.Figures are annualised.Table A3.1 Demand I: Household formation by tenure and size requiredTenureSize requirement1 bedroom 2 bedrooms 3 bedrooms 4+ bedroomsTOTALOwner-occupation 29 188 0 0 217Affordable housing 596 330 9 0 936Private rented 10 23 0 0 33TOTAL 635 541 9 0 1,185Source: City of Westminster Housing Needs Survey 2006The table below shows the estimated demand from in-migrant households. This is based on theprofile of households who have moved into the City over the past two years (in terms ofaffordability and size/type of accommodation secured). The data is constrained so as to provide the‘balance’ in the model (i.e. to keep the estimated household growth to 680 dwellings/households perannum). Figures are again annualised.Table A3.2 Demand II: Demand from in-migrants by tenure and sizerequiredSize requirementTenureTOTAL1 bedroom 2 bedrooms 3 bedrooms 4+ bedroomsOwner-occupation 0 115 434 49 597Affordable housing 402 579 806 10 1,797Private rented 345 107 107 10 569TOTAL 746 800 1,347 69 2,963Source: City of Westminster Housing Needs Survey 2006PAGE 179