London is a hotspot for gentrification, but it does not come to every area. Some spots miss out for one reason or another. Many people think this is the case with Wood Green, but there are a number of signs of change. As one of the top names for guaranteed rent in Haringey, we want to have a look at what is happening here.

Bustling

Wood Green is an area that has sadly had a few decades of decline. The high street was once a focal point of the community. However, a lot of high profile shops have gone. It leaves a much smaller selection of options for people. As a result, many locals would like to see the area working to attract a better, more diverse range of shops, including larger ones where people can spend time. They also want the shopping centre to be somewhere to relax and socialise.

One of the issues in the area is the parking. A number of locals see it as a barrier that deters many visitors. Some simply don’t want to have to pay to park, and it prices others out. Sadly that causes some problems for restaurants and other nightlife spots. They lose out on potential customers and streets get quieter around 6pm following the rush after work.

Locals would also like to see more green space and places where people can spend time outdoors. It would be very beneficial for the community feel.

Changes

The local council has a number of plans in place to improve the area. They are looking at things like greenery and how to draw more people into shopping and spending leisure time locally.

One of the most interesting things they have done already is invest £3m into a youth hub, Rising Green. It offers facilities for people from 11 to 25. There are workspaces, kitchens, a recording studio, and much more.

The authority is also looking at how to improve the cultural offering. The area is one of the most culturally diverse in London, offering everything from Turkish to Japanese. They want to continue to push this with events, street markets, art, and more.

In addition, there are plans to build more council homes in Haringey. The council will receive close to £6m from the Central Government’s Brownfield Land Release Fund. It will allow them to build 220 new homes.

Support with guaranteed rent in Haringey

The plans to transform the area into one of the most vibrant economies in North London will be music to the ears of locals. It will also attract investors. People are always looking for spots that could become the focus of a big jump in demand. It could happen for Wood Green, especially if there is an influx in new amenities like green space and lifestyle opportunities.

At Guaranteed Rent we provide excellent support for investors. There are a full range of services on offer here, including options that make it easier to find tenants, get rental income, and manage properties. We give you advice so you can select the right option for you.

So, if you are thinking about investing, we suggest you look at guaranteed rent in Haringey. Contact us to find out more about the benefits.