Have you thought about how much money you could save if you choose private leasing with the local authority? It can solve lots of problems in one easy service. For example, it guarantees your rent and can handle managing properties too. At Finefair Ltd, we understand how the services work and have relationships with councils across London to make it easy to start. This makes us one of the top options for estate management Newham has.
An ambitious project
Councils all across London are dealing with high demands for housing and supply problems. Many also have the challenge of regenerating or redeveloping their current stock of homes due to their age. The situation is leading to a number of interesting and ambitious ideas.
Newham Council has one of the largest and most notable projects in the works. Their housing delivery company Populo Living recently submitted the outline of their masterplan for Carpenters Estate. The goal is to regenerate and restore the estate while also delivering new affordable homes.
Carpenters Estate dates back to the 70s and has over 700 homes in a mix of high and low rise blocks plus terraces. It has been the focus of redevelopment plans since as far back as the early 2000s. However, there have been issues with the plans over the years. The council had trouble finding a joint venture partner between 2005 and 2010. There were also concerns about engaging with residents.
Luckily, the latest plans are far more positive. In fact, there was a long consultation period. Residents and people with the right to return were given the chance to vote on the plans in December 2021. Amazingly, 73% said yes they approve.
What does the project include?
The outline masterplan will completely transform the estate. In total it will deliver 2,152 homes. An impressive 50% of them will be for social rent, massively increasing the council’s stock of housing. As part of the work, 314 homes currently on the site will have big upgrades. This will ensure they meet the highest green economy standards.
Newham Council’s goal is to transform the area into a thriving, vibrant community and neighbourhood. It is a fantastic location, close to Queen Elizabeth Park, Stratford Shopping Centre, and some other excellent facilities. However, the estate has suffered from historical neglect. The £1billion regeneration will change this.
The project will also benefit the wider economy in the area, satisfying the local authority’s inclusive growth agenda. For starters, it will create hundreds of jobs and apprenticeships. Plus, it will provide investment in local businesses and promote even more inward investment.
Work on the project could begin later this year. The first stage will be the refurbishment of James Riley Point, one of the three high rise blocks. It will provide 132 homes for social rent with completion targeted for the beginning of 2025.
The second stage will then get underway to redevelop a second high rise, Lund Point. This will involve refurbishing 167 flats in the block. There will also be new family housing built in the area during the phase.
Ask about estate management in Newham
Finefair Ltd knows how challenging it can be for private landlords who own properties on estates. They can be tricky to manage and costs can get quite high. It can also be a lot of work. Luckily, you can choose a service with us and the local council that can save you from all of that. It even guarantees you will receive your rent money every month.
So, if you want to talk to us about how we offer the most reliable estate management Newham can ask for, please get in touch. We can give you lots of info and work with you to arrange everything.
