Bexley saw a big jump in the amount of new housing built in the Borough in the last year. In total 764 homes were created, including two large developments at Howbury Slade Green and Belvedere.
The number of new homes created is the second highest in the last sixteen years, only falling short of the figure for 2015 when 810 were built. The result is even more impressive when considering that there was a drop in the housing stock in 2016 because of demolitions on the Erith Park redevelopment. The figures state that 132 homes were lost but if demolition work is discounted 548 dwellings were created.
Discounting demolitions, this means that the last two years has seen the creation of 1,385 new homes. Of this number 443 are affordable housing. This is over 30% of the total, a good number for the location.
Bexley is one of the outer London Boroughs that are being encouraged to increase the number of new homes that are created. These destinations are becoming more and more attractive because prices are lower and more land is available for development. More needs to be done to attract developers. Easing rules and freeing up more sites as mentioned in our previous article could help to do this.
Finefair is an established lettings agent Bexley landlords can work with to manage their assets effectively. We offer a selection of services, ensuring we can cater for different requirements. For example we can provide private letting or work with the local council to arrange leasing. We discuss all of the options with our clients so they are well informed and can make the right choice for them.
Our team work throughout the whole of Bexley and have the skills to manage properties with various tenants. Therefore, whether you are looking for families, young professionals, or even students to live in your properties, we can help.
If you would like to find out more or have questions for a lettings agent Bexley investors rate very highly, please contact us.