Barnet Council’s Local Plan specifies different areas in the borough that could be developed to create housing. One of them is Tally Ho Triangle in the heart of North Finchley. Interestingly though, there are some competing proposals. We want to have a closer look at them here. Then, if you want to arrange guaranteed rent in Barnet, we’re a leading specialist.
One plan
The largest plan is by Regal JP. The developer has plans for several sites in North Finchley town centre. Their outline plan would create many new high rises, the tallest of which would be 21 storeys. Overall, the project would provide 855 new homes as well as retail and community elements.
Regal JP’s plans are currently under consideration by Barnet Council. There has not been a decision whether to grant planning permission yet though.
The second proposal
Sanprine Ltd, owners of Balfour House in Tally Ho Triangle, has an alternative proposal for their property. They want to demolish the current four storey retail/office building. This would then allow them to create a new 16 storey property. It would offer 106 new homes plus retail and community spaces. Talk to us about guaranteed rent in Barnet.
Sanprine’s proposals are quite interesting. The homes would be a mix of sizes, including one, two and three bed. Crucially, 35% would be affordable. This includes social rent and intermediate homes. The amount of affordable housing aligns with Barnet Council’s Local Plan.
Another thing to note about the plans is the development would be car free. Their proposal would only provide 4 disability spaces. There would be 204 bicycle spaces though. Because the site is so central, the goal is to encourage people to walk, cycle, or use public transport. West Finchley and Woodside Park are both less than a mile away, offering easy access to the Underground.
It will be interesting to see what happens next here and which plans, if either, can move on to the next stage. Whatever happens, the area is likely to get new homes in the future because of the Local Plan.
Explore guaranteed rent in Barnet
There are plenty of fantastic locations in Barnet if you’re looking to invest. It’s a popular part of North London, especially areas close to amenities like Tube Stations and green space. Any spots with good schools are also very attractive to families.
If you buy assets and want to protect your interests, we have the services for you. Our speciality is guaranteed rent. Working with local councils all over London, we make it very easy to sign up to a scheme. In return, you receive a monthly payment for 1 to 5 years or longer. There’s also no commission or fees to worry about either.
So, if you want to discover why guaranteed rent in Barnet works for so many investors, speak to us. We’re happy to share our expertise, and can even help you to prepare properties.
