There was incredible news in the last few days about a massive project in Islington getting planning permission. It has the potential to transform the area, creating new housing and amenities. Crucially, it will be one of the biggest developments in the borough in a generation. We want to have a closer look here to see what the plans will deliver. Then, if you need help with investments and guaranteed rent in Islington, we’d love to work with you.

Estate transformation

The plans are to completely transform Barnsbury Estate. There has been a long saga to redevelop homes here. Interestingly, the estate has two distinct sections. The older part is from the 30s, while the newer blocks are typical 70s boom period builds.

As we said, there have been proposals to improve the Barnsbury Estate for a long time. Manager Newlon Housing Association is aware of numerous issues with the current properties, including damp, poor insulation, noise, and home layouts that aren’t compatible with modern living requirements. They also know the estate has problems with overcrowding and lack of external space. Redevelopment is their preferred solution because management and maintenance won’t resolve the core problems with the estate.

Permission

The approval of the plans for New Barnsbury Estate is significant. It shows the Council’s commitment to deliver more housing and improve standards for residents. It’s also great for investors. Speak to us about guaranteed rent in Islington.

The key thing is the plans will deliver 1,116 new homes. This will fully replace all 291 social rent properties. Additionally, it will create 135 more, making the total amount of social housing just over 38% of the homes on the site. The remaining homes will be available for sale, including affordable homes for shared ownership.

Ultimately, the goal for the project is to create a brand new modern neighbourhood. It will feature 12 new buildings, the tallest climbing to an impressive 21 storeys. Amenities will include a new community centre, a nursery, and two parks with significantly more green space across the site. There will also be new commercial spaces.

Response

There were lots of positive comments about the plans getting approval as well as the bright future for the estate. It could become one of the most exciting places to live in this part of London. That would appeal to lots of different people. If you invest in local homes, you can rely on us to provide guaranteed rent in Islington.

Deputy Leader of Islington Council Santiago Bell-Bradford was very positive about the project. He said it will deliver “real benefits for local people”. Crucially, the plans will create “modern, safe homes” in line with crucial Building Safety Standards.

Developer Mount Anvil will be taking on the redevelopment. Director Marcus Bate said getting approval is a “just reward” for the project. He also said they’ve been working for many years to build trust with residents and collaborate with partners like Newlon Housing and Islington Council.

Finally, CE of Newlon Ruth Davison gave thanks to residents for “keeping faith” with the proposals to redevelop. They can now begin the work on site. Notably, the project will create the majority of the social rent homes in the first phase. As a result, current residents “will have the benefit of the investment first”.

Think about guaranteed rent in Islington

There are lots of fantastic areas in Islington if you’re looking to invest. It’s a popular borough because of the great connections, amenities, and communities. There’s plenty of great housing too. As a result, it attracts lots of renters.

If you do have assets in the area, we always recommend guaranteed rent in Islington. Private landlords will know all about the stress and issues that happen with tenancies and voids. There’s no need to take risks though. Working with us and the local council, you can guarantee you get rents every month. So, speak to us and learn more.