Councils in the UK can have a massive array of different assets. Many are within their local areas, but some also own properties elsewhere. That is the case with Newham Council. However, they are looking to refocus their strategy to ensure they prioritise the borough and local residents. We want to have a closer look at this change here and what it means for an asset in Essex. Then, if you want advice from the leading provider of guaranteed rent in Newham, talk to us.

Council comments

Local authorities are having a very difficult time at the moment. Many need to navigate a difficult situation where costs for numerous services are rising at the same time as funding and income is going down. Some are trying to find savings while also seeking to expand services to meet higher demand.

Newham Council is taking action to focus on the local area. As a result, they will look to sell off assets outside the borough that don’t benefit local residents.

Councillor Sarah Ruiz spoke about the decision in November. She said “in light of financial pressures” the council needs to focus on delivering key services to residents. So, they have to review their position on different assets inside and outside the borough. It could mean some interesting sales. Some will be very attractive to different investors. We’ll be keeping an eye out and ensure we’re ready to offer solutions like guaranteed rent in Newham.

Debden House Centre and Campsite

One asset the council is willing to let go is Debden in Essex. The 19th century Grade II building is a conference and events centre, and also has residential accommodation. The campsite has over 300 pitches on 50 acres, as well as a range of facilities like toilets and showers, a cafe, and laundry.

In the past, Debden was a great asset for Newham Council. However, rising costs and a need for investment mean it is no longer sustainable. Plus, the local authority said the primary users are not residents from the borough. So, they are willing to let it go. The sale could provide significant capital to help reduce their debt and pay for services in Newham.

The expectation is Debden will go on the market early in spring 2025. There will be a goal to finalise the sale by the end of the summer. This will help the council to get the best price and allow them to wind down current activities carefully to support staff.

Talk to us if you need guaranteed rent in Newham

London has plenty of fantastic properties if you are looking to get a healthy return on investment. There are also different ways to do this. We can help in one major area with our guaranteed rent services. It is better than being a private landlord because it makes everything easier and provides protection against voids and other problems.

So, if you want to explore guaranteed rent in Newham or other parts of London, speak to us. We have a massive amount of experience and the skills to work with different residential properties.