Barnet Council is in the midst of redeveloping Grahame Park Estate. Work is underway on different parts of the site, creating thousands of homes. For example, there is a masterplan for the southern section that will deliver 2,088. They are now looking for a partner for the north-eastern part. We want to have a look at these plans today, then if you need help with guaranteed rent in Barnet, you can rely on us.

The project

Current plans for the north east site are to create 505 homes to replace 290 old ones. The existing properties date back to the 70s, so they are nearing the end of their lifecycle. There are issues too because of changes over the years. The regeneration will save approximately £650,000 in maintenance costs if the council can bring it forward.

Surprisingly, residents first voted in favour of regenerating Grahame Park Estate back in 2003. Plans have been in discussion since then. The southern part of the site got permission in 2020. Now the council wants to find a joint venture partner for the north eastern part.

The development will cost a reported £145m. The 505 new homes will be a 50/50 mix of affordable and private sale. The former will include properties for social rent. Current residents will have priority to move into the new properties, especially the social rent ones.

Regenerating the site will provide more than just housing too. The plans include commercial and community buildings to help create a strong communal feel. In addition, there will be play areas and landscaping too. This will completely transform the area into a place where people want to live and grow. That could lead to lots more interest, and we’ll be happy to offer guaranteed rent in Barnet for any clients.

Partners

The successful company chosen to be Barnet Council’s partner will take on the pre-construction and construction of the first phase of the development. They will then have the opportunity of doing the second phase too. This will be worth an addition £125m.

In addition, the Council has said they will consider the company for other work in the borough. This may include plans to regenerate two more sites; Silk House and Shoelands Court.

Consider guaranteed rent in Barnet

The redevelopments in Barnet are great news for everyone. They will create new homes for locals, including affordable properties. Plus, the projects improve big parts of the area, making it somewhere people will want to live. That can inspire other regeneration and developments too.

If you are thinking of investing, we have the right services for you. With guaranteed rent in Barnet you have protection for your income. It saves you from any concerns about voids and other issues. Plus, it is convenient and flexible to suit different needs.

So, if you want to learn more, please contact us.