Councils in all parts of London are working to address housing supply issues. Haringey Council is one of the most proactive. They’ve been driving construction in the area since 2018. A plan was put in place to deliver a new generation of council homes, the first major project in decades. Recently, they also gave the green light to add even more properties to their stock. Let’s have a look, then you can talk to us if you’ve got an interest in investment properties in Haringey.

In total, Haringey has over 2,000 new homes thanks to the Council’s programme. This includes a number in the pipeline and hundreds that are already complete. The Council has now given the green light for three more deals.

Purchases

Two projects in Tottenham involve purchasing private homes and turning them into social housing. Firstly is 76 properties at The Roundway, a new redevelopment. Secondly is 32 units at a scheme on nearby Lordship Lane. The locations are fantastic, close to local amenities, green space, and established communities.

Impressively, a good amount of the homes at the two sites will be family size with two or more bedrooms. The demand is highest for this type of property in London, especially when it comes to social housing. At the Roundway, 40% will be family size. The percentage at Lordship Lane is even higher, a fantastic 80%.

A new development

All the construction in this part of London creates plenty of opportunities for investors. In fact, it can deliver some of the most impressive new investment properties in Haringey, especially projects in good locations.

The third new project from Haringey Council is a development on Archway Road in Highgate. They’ve given approval to select a contractor for the build. It will create 16 new Passivhaus homes. These properties will be highly sustainable and residents will get to enjoy low running costs. Crucially, they feature heat pumps, solar panels, and high standards of insulation. There will be 10 family size homes here.

Council comments

Sarah Williams, Deputy Council Leader, had some comments about the projects. She said they are “another important step” in delivering more high quality, new affordable housing for residents. Crucially, they will be “life-changing” for the occupants, especially families.

She went on to say the council will continue the expansion of their housing stock “month on month, year on year” to achieve their goals. Most importantly, this will ensure locals will be able to access fair rents.

What are your plans for investment properties in Haringey?

Many areas outside the traditional prime spots in London are now very popular. This includes a number of locations in Haringey, such as beautiful Muswell Hill and Wood Green. Spots with lots of new developments and regeneration work are impressive too, especially in Tottenham Hale and near the new White Hart Lane Stadium.

If you’re looking for investment properties in Haringey, we suggest you think carefully about different areas. Any with good amenities like Tube Stations and green space can be a great option. In addition, locations near good schools are always popular with renters too.

Finefair Ltd can work with you if you do decide to put your money into residential properties. Guaranteed rent is our speciality because it can offer so many benefits. Crucially, it’s good for the investor and local residents. We also have plenty of experience with management, HMOs, and more. Get in touch today if you want to learn more.