Affordable housing boost as Nine Elms rental homes given green light
Published: Thursday 20th September 18
Wandsworth Council’s planning committee has voted to give the go-ahead to the construction of 894 new housing units for rent, including affordable homes, on the former Royal Mail Group site in Nine Elms.
Developer Greystar now has permission to build four buildings on the site which will consist of properties that are 'build to rent' with ground floor commercial use.
An allocation of 161 affordable units, or 20% habitable rooms at discounted market rents, was agreed at the council meeting on Wednesday, September 19, 2018. This is a significant achievement as government and Greater London Authority guidelines expect lower affordable housing delivery on build to rent schemes.
Targeted at meeting local demand and meeting the Council’s affordability criteria, the homes will be first marketed to those living and working in the borough.
The four sites are accessed via Nine Elms Lane and New Mill Road with construction expected to take three to four years.
In line with the masterplan for the area, public open space around the site will create a key link in the Nine Elms linear park which will run all the way through Nine Elms from Vauxhall Cross down to Battersea Power Station.
Wandsworth Council's Chairman of the Planning Applications Committee, Councillor Will Sweet, said: "This innovative new product is one of the first of its kind in the UK and, once built, will allow private renters to move in and switch on with the minimum of fuss, with a professional landlord taking care of most of the hassle of moving utilities and so on. This type of private rented solution is really popular in the USA and we are excited to be offering it in Wandsworth.
"The scheme will provide more housing choice for Wandsworth residents and is an important piece of the Nine Elms jigsaw which brings forward a big park and new jobs for residents who will benefit from the Northern Line extension opening nearby.
"I am pleased that this innovative mixed-use scheme will deliver hundreds of homes for rent, including up to a fifth offering discounted rent in a range of affordability bands, which is important for the one third of Wandsworth residents who are renting."
As part of the application, the council also agreed a £1.8 million payment to be used towards providing affordable family-sized accommodation in the borough.
The scheme will bring the amount of build to rent properties to over 1,000 units out of 16,345 new homes in the London Borough of Wandsworth's part of the Vauxhall Nine Elms Battersea Opportunity Area.
The Vauxhall Nine Elms Battersea Opportunity Area sits between Chelsea and Lambeth bridges. It includes Vauxhall & the Albert Embankment to the east and Battersea Power Station to the west. The regeneration of the entire opportunity area will bring 25,000 new jobs and 20,000 new homes by 2030. The Northern Line Extension will provide new Tube stops on Nine Elms Lane and Wandsworth Road.
Read the full planning committee documents from September 19, 2018
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