Operational Housing The operational housing portfolio incorporates the vital homes of the clergy as well as surplus/let assets and opportunity for parsonage development. The portfolio is subject to a rolling 5 year review to ensure that it is fit for purpose and cost efficient in additional to Quinquennial Repairs (cyclical 5 year repairs). Operational Property • circa 450 houses of varying ages and sizes, occupied by clergy • Further 150 houses that are let on the open market or have an alternative use • Valued at circa £850m • Expenditure of circa £7m
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