It is not possible to identify the number of properties that have become subject to escheat over the last five years, as The Crown Estate is reliant upon third parties notifying it of the events which may lead to escheat. However, I can provide the below information on the number of properties notified to The Crown Estate as escheat and the number of properties sold in the given years. The figures for total number of properties sold between 2000 and 2006 are not immediately available.
Total Number of Properties Notified to The Crown Estate
Total Number of Properties Sold
A wide range of properties can become subject to escheat, from a strip of land following road works to the assets of a lapsed property management company. More substantive properties represent a small proportion of all escheat properties. Properties usually become subject to escheat as they have been renounced, and they therefore tend to be low value or subject to liabilities.
The value of all properties which may be subject to escheat and which have been notified to The Crown Estate is not known, as no such valuation is undertaken.
The average length of time for properties to remain subject to escheat is not readily available. Only a small proportion of properties subject to escheat is sold, and it is possible for properties to remain subject to escheat indefinitely.
It is not possible to estimate the amount of land covered by escheat properties because (a) the exact number of properties which have become subject to escheat is not known and (b) The Crown Estate does not, in its constitutional role, make enquiries in relation to properties which are subject to escheat.