One of the biggest problems in London is the shortage of land. It creates issues with housing supply, amenities, green space, and more. Often you will see several different proposals for specific sites. It can sometimes lead to intense arguments about which would be best for each plot. We want to have a look at one of these situations today. Then, if you need help with guaranteed rent in Waltham Forest, you can speak to us.

The site

The land in question is in Waltham Forest, close to the border with Hackney. It is on Lea Bridge Road, one of the major roads in the area. The Brownfield site is a Thames Water Depot. However, it is prime for redevelopment. The land is owned by the Government, so they will have the ultimate decision on what to do with it.

There are actually two really strong proposals for the site. As a result, there is an argument about which would be best and deliver the most value. Let’s look at them.

A community park

Firstly, there is a proposal from East London Water Works Park. They have been campaigning for years to turn the site into a community park. It would feature wild swimming, arts and science space, a forest school, and new habitats for wildlife.

There are many potential benefits here. For example, it would give locals more access to green and blue space. It could become a vital asset for the community, offering social, economic, and environmental benefits. There is a belief that it could bring in £18.5m. It could improve the area, attracting more investment and people looking at guaranteed rent in Waltham Forest.

A secure children’s facility

The second plan from London Councils for the site is to establish a secure home for children. It would provide housing for 24 children with complex needs, as well as 4 others who don’t need a secure environment anymore. These are vulnerable young people where there is no other care placement suitable to keep them safe.

There is a desperate need for more facilities like this all over the UK. In fact, there is a shortage at the moment. Incredibly, there are none anywhere in London. Children that need the housing and specialist care have to travel significant distances from the capital.

London Councils has been scouring the whole of the city to find a suitable location for the facility. The Thames Water Depot is said to be the only viable site. As a result, they are taking these plans forward. While there has not yet been a submission of a planning application, one could come in the near future. It would detail exactly why this site was chosen and which alternatives were under consideration.

What next?

As a top provider of guaranteed rent in Waltham Forest, we can see that both plans have merit and could be beneficial for the area. Parks are a major factor for many investors as well as renters. However, childcare services are also vital.

There are plans to hold consultations to decide which plan would be best. The East London Water Works Park has also asked for a meeting with the Pan London Secure Children’s Home Programme.

The heart of the whole matter is deciding on the best use of the public land. It will be interesting to see which proposal gets approval. It will likely hinge on which offers the most social value.

Learn more about guaranteed rent in Waltham Forest

If you do have assets in London, you should consider working with us. We can arrange some wonderful services that take care of the financial side of things while also delivering peace of mind. They can be flexible for various kinds of homes all across the city.

So, come to us for guaranteed rent in Waltham Forest and other areas. You can get in touch for info, recommendations, and answers to any questions.