How do you decide who is the perfect choice for managing your portfolio? Do you look at high street agents and opt for private letting? Or would you rather choose private sector leasing with the council? With Finefair Ltd you can explore the options. We are the best alternative lettings agent Havering has to offer, able to give you access to easy cost free management and guaranteed rent.
Planning a community
There are impressive developments across the UK, from huge sprawling cities to tiny hamlets and villages. Most of these grow naturally over time, reacting to changes in infrastructure, demand, and other factors. However, there are some where there is a specific plan from the inception. They are known by many names, including planned cities, towns or communities. There is even a specific list of New Towns from the movement after WWII.
Elm Park is one of the most interesting examples of a planned community in London. It actually pre-dates WWII because it began in the early 30s. The original proposal by construction and engineering expert Costains was to build 7,000 homes on a 600 acre site. The hope was it could cater for up to 35,000 people.
Ups and downs and ups again
The development got off to quite a rocky start. Initially only 500 homes were built in the first few years. The construction would accelerate after 1935 though. Costains negotiated to have a station in the area on the London to Southend route. Elm Park Underground Station on the District Line opened that year. The development also became known as Elm Park Garden City. By 1939 there were 2,600 homes.
Unfortunately WWII had a big impact on the area. Firstly it brought a halt to construction with focus shifting to the war effort. Then, the area became a target for bombing because of the proximity to the RAF base at Hornchurch. There was damage to the housing stock as a result.
After WWII there was a change in the national housing policy. There was a bigger focus on creating more social housing to boost supply. This was felt in Elm Park too. The council at the time began buying land with compulsory purchase orders so it had an impact on Costains plans. By the 60s there were 1,146 council houses in the area.
Today Elm Park Garden City is an attractive location for lots of reasons. Most notable is the affordable prices. In 2021 the average price was £390,322. This was a nice increase over 2020 as well as the peak £366,962 in 2019.
The area is also a target for regeneration. It is included in the London Plan as a district centre. As a result, it could see substantial changes in the next 20-25 years, including investment to improve the town centre.
Your best choice for a lettings agent in Havering
Elm Park is one of the many locations in Havering we can deal with. At Finefair Ltd we support landlords and investors who want to put their money in properties. Our services are incredibly popular because we deliver excellent value to all parties, including the local council.
So, if you have assets in the borough or are thinking of investing, you should see what we can do for you. We work to fill the role you would expect from a top lettings agent in Havering, taking over the responsibilities for you. At the same time we ensure you get a stable rental income and no worries about tenancies.
If you want to find out more, you can contact us.