Barking and Dagenham is one of the most interesting areas in London for investors. It has traditionally been a popular location for people seeking more affordable homes. However, this has led to big demand and made properties more attractive investment opportunities. We are happy to help here, providing the services you expect from a lettings agent in Barking and Dagenham. But, we also go one further with solutions like guaranteed rent too.
While the property prices and demand are major attractions, people also really like living in the area. In fact, last year it was in the top ten for happiest places to live in the UK and number one in East London. There is plenty to love, including local amenities, green space, and the amount of change and investment that is ongoing.
Barking and Dagenham Council is also helping to improve living standards in the area. We want to have a quick look at this here.
Social Value Policy
The Council has a scheme specifically for ensuring that projects will provide benefits to the wider community. What it means is that contractors bidding for every contract over £100,000 have to look at the social value the work will provide. They must consider economic, environmental, and social initiatives. These should be included in any bids for contracts.
The recommendation is that every project should have a minimum of 10% weighting to the social value. However, bidders can go higher, with weightings up to a max of 20%.
Over the last three plus years, the Social Value Policy has had a massive impact. It has helped drive support and money for local projects. There have also been big benefits such as the creation of training schemes, work placements, apprenticeships, and jobs.
In the last year the social value has included securing £28,000 in funding for a range of issues. These have been as diverse as support for domestic abuse and cooking courses.
In addition, the policy has helped to supply equipment for all kinds of needs. For example, there have been new laptops and books to help people learn. Plus, there has been £20,000 for improving green spaces with new benches, planters, and trees.
The policy has been really good for the area and helped drive value for local communities and groups. It is particularly great to see at a time when council’s have to be more effective with their resources due to reductions in budgets.
Do you need help from a lettings agent in Barking and Dagenham?
Finefair Ltd is a team that understands what investors want. Our goal is to provide the best possible value as we cater for these exact needs. With dynamic services that cover everything from portfolio reviews to letting and leasing, guaranteed rent, management, and more, you get what you need from us.
So, why not contact us and find out why we are the most interesting lettings agent in Barking and Dagenham? We’ll look at your assets and strategy, then find out how we can provide the right service for you.
