Almost 1,000 new homes for Romford

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Transforming an old ice rink

Property investment HaveringWhat was once an ice rink in Romford is going to have new life as nearly 1,000 new homes. The project will proceed after plans got the green light from the local planning chiefs. This £350m plan got a majority vote following a meeting of Havering Council’s strategic planning committee. It followed nine years of uncertainty relating to the seven acre site’s future.

The Rom Valley Gardens development is going to be one of the largest new housing schemes in North East London. It will have 972 flats. It’s going to comprise of seven blocks, which will be between two and twelve storeys. These will be close to the Crossrail station in Romford and next to Queen’s Hospital. Moreover, there is going to be 232 “later living” houses specifically for older people.

Other elements

Something else the plans include is a new clinical diagnostic hub meant for the NHS. There is also going to be around 14,000sq/ft of shops, as well as a cafe, and a gym for NHS staff and residents only.

Around 21% of the homes have been classified as affordable. This is below the Mayor’s 35% minimum and 50% target. But, council officers said that this is the best they could do without the scheme becoming unviable. The affordable allocation is at 24% if you measure by habitable room. Also, roughly a third of the affordable houses are for social rent. Speak to us if you require the best services for property investment Havering has.

This development is the brainchild of Robert Whitton, a property entrepreneur and founder of Impact Capital Group. He grew up in Romford and skated at the old ice rink. He views the development as a new urban village for Havering’s sons and daughters that wish to get onto the property ladder.

A flagship regeneration scheme

Rom Valley Gardens is going to be ICG’s flagship regeneration scheme. It represents the vision they have to generate a sustainable housing model. This is one that is going to help revive sites that have gone underused in Britain’s towns and cities.

By using their distinct modular construction factory, they will throw the rule book aside. They are combining precision engineering, innovative design, and smart technology in these new buildings. This is to create affordable and sustainable structures of the future.

Come to us for property investment in Havering

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