It is always great to see announcements for new homes in London. The news can be fantastic for locals, investors, and a huge array of other stakeholders. We take an interest too as part of our commitment to support landlords. What we can do is step in to help arrange guarantees on rental income for properties they purchase. In fact, we are known for arranging the best guaranteed rent Brent can offer.
One recent news story was about the plans to create 125 new homes in Kilburn at Claire Court and Watling Garden. They got approval from the cabinet of Brent Council. Funding will now be made available so the project can move forward.
What is the plan?
This new project will create 125 homes across three blocks. The towers will range in height with the tallest topping out at 14 storeys. The project will make use of “underutilised land” in the area for the new development. Part of this is a car park, so it won’t be a loss of any Greenbelt land.
Part of the project does call for the demolition of 42 existing homes. However, the 125 new ones will be affordable. Of them, 101 will be available at London Affordable Rent rates. The rate here can make homes more accessible to locals. Then, the final 24 homes will be for shared ownership. This means part of the development will help more locals get on the property ladder.
Crime
There were some concerns about this project when it originally went to consultation. One of the most noteworthy worries was the potential that the new towers would lead to an increase in crime. Some locals even submitted objections to the planning portal to register their concern.
However, the council has chosen to move forward with the project. They believe it will be good for the area and won’t result in a huge increase in crime.
Hitting housing targets
Brent Council councillors also spoke out about how the project would contribute towards them hitting their goal to build more high quality council housing. Their aim is to build 1,700 homes by 2028. This would provide a great boost to the supply and help ease the burden on current stock. It would also get more locals into safe, secure homes.
Are you thinking about guaranteed rent in Brent?
The rent guarantee schemes we promote are another great way for Brent Council to offer more housing for local families. They involve agreements with landlords to get access to properties. In return they pay the landlord an agreed fee each month, as if the authority was the tenant.
These schemes can be fantastic for the landlord, the local council, and the end tenants too. As the property owner, you can get a secure income each month with no costs to worry about. Plus, the council will take care of finding tenants as well as managing the homes. You can sit back and enjoy your rental income.
So, if you are interested and want to look at the best options for guaranteed rent Brent can provide, speak to us. We understand how the schemes work, what local councils are looking for, and can support the landlords.
