Many councils in the UK are looking at ways they can boost the supply of affordable housing. Some have a much harder time of this because of land prices and lack of available plots. Budgetary constraints can also have a massive impact. Newham Council has announced that they will be exploring whether modular homes could be the best solution. We want to have a closer look at their plans and the impact they could have. Then, if you need help with guaranteed rent in Newham, you can contact us.

Housing goals

The local council has a target to build 1,500 affordable homes in the next four years. They need to do this to help tackle serious issues such as rising homelessness and thousands of households living in temporary accommodation.

To help achieve this goal, the Newham Council is looking at a number of different strategies. One is to encourage developers to create more affordable homes on developments. Another is to look at developing sites themselves and acquisitions.

Modular buildings

The most interesting strategy though is to use modular buildings to create housing. The Council has finalised a scheme to explore installing this type of building at three sites in the borough. It will bring the development of the plots to the point where they can apply for planning permission.

There are a number of major advantages here. Firstly, prefabricated structures are quicker to build. Most of the work is done in a factory. The buildings then get shipped to the site in pieces ready to fit together and finish. It can reduce the build time dramatically and also requires much less labour.

In addition, the modular buildings have a much smaller environmental impact. They can be made of more green materials and usually use far less resources too. The carbon footprint from manufacturing, delivery, installation, and operation can be much better.

Finally, these buildings are also cheaper to build. That is crucial when you consider affordability and how to use council budgets most effectively.

More smaller sites

Newham Council is also looking to assess the development of approximately 350 small plots in the area. While there is a shortage of big sites, the local authority owns plenty of smaller ones. They want to look at how they can use them to create more housing, community facilities, supermarkets, or even gardens.

Modular housing could be great for many of these small plots, barring any access issues. It could ensure the council uses the land as effectively as possible. Plus, it would go a long way to helping them achieve their aim to be zero carbon in the future.

Do you need help with guaranteed rent in Newham?

Investing in housing comes in all shapes and sizes. Some people buy their dream forever home and won’t look to sell for decades. Others buy and update properties before selling for a healthy profit. Then you also have investors who look to take on tenants to get ongoing returns. We can help with the latter with our professional services.

One thing we always encourage landlords to think about is voids. They can have a huge impact on returns, cash flow, and more. Sadly it is impossible to plan for and things can happen at any time. The best solution is to choose guarantees. We can give you the best guaranteed rent in Newham where you still get a payment no matter the circumstances. It is the best way to make sure you never miss out.

If you want to learn more, you can contact us.