We have often discussed the pressure of creating sufficient homes for the people of London as demand continues to increase, and there are currently several projects taking place in the capital with the aim of improving living standards. One example of this is the “Creating a Better Place” plan, which aims to boost standards and availability of housing in Waltham Forest.
Begun in 2014, the aim is for the program to be completed in 2018, with various large regeneration projects taking place throughout the borough. The work is mainly focused on four key areas: Walthamstow, Wood Street, Lea Bridge and Blackhorse Lane. The goal is to facilitate the construction of more than 10,000 new homes across the borough in the next 15 years, as well as the regeneration and improvement of existing estates and town centres and the creation of new business premises.
The largest area of regeneration is taking place in Blackhorse Lane, on the western side of the borough. This 443 hectare area is receiving a £500million investment, which will be spent on building more than 2,000 new homes and 15,000 square feet of retail and business space. £1.4 million will be spend on updating and improving the local high street to bring in new businesses and customers. This is also the home of Walthamstow Wetlands, London’s largest urban wetland nature reserve, which will be improved to attract larger numbers of visitors and support the regeneration of the surrounding area.
These regeneration projects are bound to bring great rewards for both landlords and tenants when it comes to lettings, investments and council leasing in Waltham Forest, creating new investment opportunities, new jobs and more homes for people in search of quality places to live. As always, we will be there to help you make the most of every opportunity, ensuring that investors can purchase the most suitable properties and tenants can find outstanding homes.