The New Era Estate in Hackney got national attention in 2014 when residents were protesting against plans to put rents up. There was a massive backlash against the owners, US investment firm Westbrook Partners. Ultimately, the estate got new owners, affordable housing charity Dolphin Living. There is now more positive news with plans for regeneration. We want to have a closer look at them here, then if you need help with guaranteed rent in Hackney, you can rely on us.

Redevelopment

Dolphin Living has had plans to redevelop the 1930s complex for a few years. They got planning permission in 2020. The proposals will demolish the current estate and replace it with 208 new, high quality homes. They’ll be in a number of buildings by Allies & Morrison, the tallest reaching thirteen storeys. Additionally, there will be new retail space too.

Of the new homes, 99 will be available for intermediate rent. Most importantly, all former residents will have the chance to move back in with no increase in rent. The remaining 109 homes will be for private sale. They are likely to be highly sought-after when they are finished because this is a very popular part of London.

While it has been years since planning approval was given, there have been a few delays with the project, including covid. More importantly, there have been big changes in building regulations in the meantime. They affect major things like fire safety and the number of stairways. With that in mind, there has been work to revise and resubmit the proposals. The latter was done in April.

Next stages

The New Era Estate project is now moving forward again with some exciting news. This will be music to the ears of investors, and we’ll be on hand to provide guaranteed rent in Hackney.

Crucially, Dolphin Living has won grant funding from the Mayor of London. The GLA provides billions in funds so they can boost the supply of housing in the capital. Securing finance from them is great news, highlighting the quality of the project and how it benefits the local community.

After securing the grant, Dolphin Living was then able to move forward with selecting a company to deliver the project. They have now chosen the Hill Group, an award winning housebuilder.

Dolphin Living also revealed that residents on the New Era Estate will move temporarily into their new Kingsland Road development. It is close by, and has the benefit of being an easy walk away from Haggerston Station.

The expectation is construction will now be able to begin at New Era Estate in 2026. It will be fantastic for residents to go from fears of higher rents in 2014 to brand new homes at current rates.

Do you want guaranteed rent in Hackney?

Hackney is an exceptional part of London that attracts lots of people. Some investors will feel they missed the boat here because the wave of popularity pushed prices up massively. However, redevelopments like the New Era Estate show there is still a lot of potential.

If you do have assets in the area, or want to invest, we suggest you consider our services. We’re one of the leading providers of guaranteed rent in Hackney and other parts of London. It is a fantastic service because it ensures you don’t have issues with voids or tenancies. You’ll get consistency with rents, with an automatic payment every month.

So, if you want to learn more, feel free to contact us.