Our main goal when arranging guaranteed rent in Barnet is to support landlords. However, the services benefit more stakeholders than that. They can also help the local council and people in the area that need homes. So, you should definitely consider them and all the good you can do. Plus, you will get excellent protection for rents and properties.
Redeveloping Colindale
There are lots of areas in the UK that need regeneration. Colindale in Barnet is one of them. The area has one of the highest rates of deprivation in London. At the same time, the ward is growing faster than any area in the city bar one. The population has grown by an astonishing 70% since 2011.
The situation is causing trouble with housing supplies and the infrastructure. The Tube Station in particular is not in the best state. It was built in the 1960s so it is in need of an upgrade. Plus, the estimate is it will reach passenger capacity by 2026.
Luckily, there is good news. The Government will award £29.5m from the £2.1bn Levelling Up Fund to improve the station. It will allow a regeneration to increase the capacity and improve the facilities. Most importantly, it will provide step free access to boost accessibility and improve travel times.
The Government chose to grant the scheme funding because it showcases excellent value for money. The benefit to cost ratio is an excellent 3.9-1. In addition, it is fantastic in a strategic sense.
The benefits
Improvements to Colindale Tube Station will be a catalyst for improving the area. For one it will help to enable a big boost in housing supplies. As many as 11,400 new homes for locals could follow the regeneration of the transport infrastructure. As a leading name for guaranteed rent in Barnet, we think it is fantastic there could be such a big boost to housing.
Often Tube Stations can be a focal point for sustainable growth. They can inspire further regeneration projects for the area. These could bring new jobs as well as improvements to the public realm.
One of the key things here is that a better public transport system can help bring more opportunities to locals. It means they can look further for jobs, potentially getting access to higher paying roles. That could go a long way to helping reduce deprivation in the area.
Barnet Council has begun working with TfL to move forward with the project. They would like construction to begin later this year.
Talk to us about guaranteed rent in Barnet
Rent guarantees are absolutely wonderful for landlords. The services mean you will definitely get income from your properties, even if they are empty. It will be up to the council to supply tenants and ensure they pay whatever percentage of the rent they owe. As a result, you won’t have any cash flow issues or risk losses.
Choosing guaranteed rent in Barnet is a fantastic decision. But, if you still need more info we would be happy to advise you. Simply get in touch and talk to a member of our team.
