There could be big changes coming to Hounslow in the near future. Earlier this week the council opened a consultation on their new Local Plan. This allows locals to give feedback and help to determine how future developments will shape the borough. It could have a big impact on housing and investment properties in Hounslow, economic development, the environmental side, and more. Let’s have a look at the plans and next steps.
Covering all the important bases
One of the major challenges in Hounslow, similarly to other parts of London and cities across the UK, is housing. The Local Plan details the Council’s aim to deliver 28,800 new homes by 2041.
The fantastic thing is the plan addresses the fact that homes need to be higher quality, more sustainable, and affordable. There is also a particular need to ensure there is enough social housing.
Economic growth
On the economic side, the plan has some really impressive goals. Firstly, it wants to create over 20,000 new jobs in the area. That would be excellent for locals and the economy.
The Local Plan also appreciates the importance of new developments. The council wants to unlock 55 hectares of land. This could create some of the most impressive new investment properties in Hounslow. Notably, they will look to give more support to the aviation industry, celebrating the close ties to Heathrow.
Finally, the goal is to support Hounslow’s position as a gateway to London. It is an excellent location with easy links to provide access to the wider city. As a result, it can play a key role in the economy.
The environment
There are several parts of the Local Plan that show more focus on protecting the environment. Notably, new developments will need to be more sustainable and ensure energy efficiency. There will also be a carbon offset rate to reduce emissions, particularly from new construction.
Something locals will love is the goal to increase accessibility to green space. There will be a number of factors here, including improving paths and walkways as well as opening up more spaces. Work will also improve biodiversity. Overall, Hounslow will become a greener, better borough.
What’s next?
The consultation into the Local Plan is open now. It closes on 28th October. So, locals have plenty of time to learn more, view plan documents, and give their views.
Once the consultation closes, Hounslow Council will need to submit the plan, as well as all the feedback. It will then be up to a Planning Inspector for the Government to assess it. They will have to consider pros and cons, plus any concerns from locals. If it meets the right standards, it will get a recommendation for approval. Finally, if everything goes smoothly, the council will adopt it and it’ll guide planning decisions and development in the borough until 2041.
Talk to us about investment properties in Hounslow
Finefair Ltd appreciates that you can find fantastic assets all across London. Things like Local Plans can have a massive impact too. They can change the landscape and direction of areas, bringing new developments and investments. This can strengthen communities, improve local economies, and attract more investors. So, it is a good idea to keep an eye on them and consider the details.
If you already have investment properties in Hounslow, or are planning to invest with an eye on the future, we can help. We have a number of excellent services, including portfolio management and guaranteed rent. We can take care of everything for you, ensuring your financial stability and looking after your assets.
So, if you need some help, contact us.
