Plans for a new affordable housing development in Upper Edmonton, north London are moving forward. The London mayor Sadiq Khan has an even more ambitious target to build at least 23,900 and up to 27,200 affordable homes a year until March 2026. The upcoming design proposals for the project will go in for planning permission very soon.
The new development will have 284 low-rise homes and terraced houses from one to four bedrooms. These properties will be offered at social rent. This rate is about half of the prevailing market rate, safeguarding that critical access for low-income families. The other half will be about shared ownership, quartier. In this model, residents purchase an equity share in the home while paying rent on the rest of the home’s value.
Along with housing, the mixed-use project will include community facilities and office space. A new park will be constructed as part of the development, enhancing the local environment and providing green space for residents.
UK housing developer The Vistry Group will lead the delivery of this cross-sector, cross-tenure project, with support from the Hyde Group housing association. Together, they hope to develop a net positive living and working environment that serves the future needs of the community.
The development will contribute to Enfield’s forthcoming borough-wide energy network. This new connection will enable qualifying properties to benefit directly from low-carbon heat supplied from the network. This project fits into larger sustainability efforts and is an important step in showing the borough’s commitment to lowering carbon emissions.
The Upper Edmonton housing project is a big relief towards supply the increasing need of low-cost houses in London. As implementation advances, more and more intriguing information have begun to percolate out. Stakeholders couldn’t be more excited about the positive change this development will bring to the local community.
“We will continue working with the Greater London Authority and the government to find further ways to provide more affordable housing in Enfield in the near future.”
The Upper Edmonton housing project represents a significant step towards addressing the growing demand for affordable homes in London. As plans progress and additional details emerge, stakeholders remain optimistic about the positive impact this development will have on the local community.
