Waltham Forest is currently in the latter stages of creating their new Local Plan to shape development in the borough in the next decade. Crucially, they got a response from the Planning Inspectorate last week. We want to have a look at it here. Then, if you would like to work with us to get on a scheme for guaranteed rent in Waltham Forest, you can get in touch.

Positive overall

Generally, the response to the Local Plan is positive. The Planning Inspectorate believes the document will allow Waltham Forest to achieve their goals to build new housing and create new commercial floorspace. In fact, the review expects they can exceed both targets, delivering 30,300 homes (the target is 27,000) and more than 52,000sq/m of employment space.

Changes

While the overall response is positive, some sites identified for development have been criticised. Sadly, the Government feels they are not suitable for the type of redevelopment they are proposing. However, this isn’t necessarily a bad thing; it is quite normal and most councils plan for it.

The crucial thing here is the Planning Inspectorate requests the removal of a number of sites. There are 11 in total for housing and 7 for commercial floorspace. The original work to identify them won’t go to waste though; they are still “opportunity sites” that could be viable in the future. We’ll be happy to arrange guaranteed rent in Waltham Forest for all kinds of properties.

Most of the sites to remove from the Local Plan are on the smaller side. However, there are some crucial ones. Firstly are proposals for 190 flats shop in Leytonstone on what was previously a Matalan shop. Secondly are plans for 130 homes on a former TA Centre in the same area.

The biggest change is for Temple Mills, also in Leytonstone. Proposals were to build 700 new homes as part of the redevelopment. However, the housing element will be removed. This will ensure the site is safeguarded for infrastructure, crucially construction of the new Ruckholt Road Station.

Another big change is plans for Leyton Mills. The Local Plan proposes building 700 homes as well as a new bus depot. There is no major removal here; instead the recommendation is to ensure the redevelopment will enhance cycle and pedestrian routes, preserve views, and protect green space.

Finally, there are similar changes for plans for Montague Road Estate. Proposals for 181 additional homes can progress, but the developer will have to preserve and enhance heritage assets.

Speak to us about guaranteed rent in Waltham Forest

There are numerous lovely locations in Waltham Forest, ideal for different types of buyers. The upcoming Local Plan could be fantastic too, especially if it leads to thousands of new homes and more commercial space for the borough.

If you decide to invest, we have some exceptional services for you. Most importantly, we provide reliable guaranteed rent in Waltham Forest. It guarantees your financial wellbeing, ensuring you don’t have cash flow problems because of unpaid bills or void periods. For consistency, convenience, and value for money, it is a wonderful option.

So, get in touch today if you have any questions for us.