Our role as a top property expert means we need to keep a close eye on conditions in different parts of London. It helps us to deliver the best services for our clients, including estate management in Brent. We look at many important things, including prices, demand levels, new developments and supplies.

One thing to consider is the size of the council’s waiting list. They have an obligation to providing housing for people who need it, but there are big issues here. In many parts of the UK councils simply can’t build or get access to enough homes. It can mean very long wait times for housing.

The problem in Brent

A look at the situation in Brent gives you an idea of how hard it can be. There are currently over 26,000 people on the waiting list in the Borough. That is an astonishing 8% of the total population. Many of these people have difficulty getting housing because of a lack of supply and high prices.

The wait times can vary dramatically depending on what type of housing people require. The shortest time is for those who need a one bedroom property. Whether it is a house, flat or studio, it can take 12 months to get one with the council. Over 13,000 people are waiting for this kind of home.

Waiting times get longer as the number of bedrooms increases. This is because the supply of these properties is generally lower. For starters, it can be an incredible 9 year wait for a two bedroom home. Over 7,500 people are waiting for one of these. The wait for a three bed property is 16 years. Finally, those who need a four bed home or more can be waiting over 17 years.

Improving stock

The Council’s new borough plan for 2023-2027 got approval towards the end of February. In it they pledge to improve the stock of council housing in the area. The goal here is to build 1,700 new homes. This would be a big increase over the 871 built in the last four years.

To help with the ambitious goal, Brent Council will get £7.9m of extra funding. This is the biggest New Homes Bonus in the UK, more than any other local authority will receive.

The Council is also advising people to consider all options for housing. They understand that there will be higher demand for council homes because they are affordable and can offer more security. However, renting privately and home ownership are also options.

Do you want the best estate management in Brent?

Private landlords have a great deal to think about. Getting effective management services for their properties will usually be at the top of this list. It is important as it ensures the conditions in the property and also benefits tenants. We can help here, delivering effective services.

Finefair Ltd can also offer guaranteed rent services. They involve working with the local council and mean your rental income will be safe. As an added benefit, you will be helping locals waiting for housing. As you can see from the figures above, there is a huge gap in supply here. So, you could agree a scheme to secure your income for the long term with no concerns about tenancies.

If you want to learn more about estate management in Brent, guaranteed rent, and more, please contact us. We are always willing to advise you.