London has some of the best venues in the world. From massive stadiums and arenas to iconic theatres, bars and clubs, it’s got it all. However, recent plans mean Walthamstow’s best venue could be at risk. Let’s have a closer look and see what the issue is. Then, if you want to arrange guaranteed rent in Waltham Forest, you can trust us.

Trades Hall

Walthamstow Trades Hall has been a fantastic community asset for more than a century. Initially a place for trade-union members to meet, it’s now one of the top independent venues in London. The diverse calendar of events is incredible, including music, comedy, DJs, quizzes, cabaret, choir meetings, and much more. It’s been thriving in the past couple of years, proving its value to the local area.

However, a potential nearby development could cause problems for the venue. A new planning application is with Waltham Forest. It proposes to build a five storey block of flats to replace the derelict petrol station across from Trades Hall. This would create 20 new homes (5 one bed, 10 two bed, and 5 three bed).

The problem

While Trades Hall has said they are not against development and housing, they have concerns about potential issues in the future. They warn that it is a thriving venue, with late opening hours on Friday and Saturday. The last thing they want is for future residents to be complaining about noise and putting the venue at risk. Talk to us about guaranteed rent in Waltham Forest.

Luckily, things do seem to be quite amicable here. There has been a lot of backing for Trades Hall. From their side, they said they are willing to take any special measures they need to in the future. This could even include changing the hours of events. While asking for a re-think, they also said it would be important to co-exist in the future if homes are built.

Additionally, planning policy is also on Trades Hall’s side. Critically, the Local Plan for Waltham Forest says any new developments must account for the current activities in areas, including noisy businesses and venues. As a result, developers are responsible primarily for considering conflicts like noise. This can include ensuring they install things like sound insulation.

The developer behind the plans said they have done assessments of the noise impacts on future residents. This includes survey work to understand breakout noise from Trades Hall. In addition, they said they are willing to meet with the venue and council to discuss everything.

Rely on guaranteed rent in Waltham Forest

A lot of people would love the chance to live close to their favourite venues. That is especially true when they are vibrant parts of the local community. This can add value to properties within walking distance. It’s definitely worth keeping in mind if you’re an investor. Don’t just look at properties; make sure you also think about what is nearby.

If you invest in properties in London, you should speak to us. We can provide bespoke services to make various things easier for you. The best is guaranteed rent in Waltham Forest and other areas. By working with local councils, you can avoid the job of finding tenants and the risk of voids or missing payments. It takes care of everything and you get income every month for as long as the scheme lasts.

So, get in touch today and learn more.