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Housing Zone Status to Deliver Change to Clapham

As the UK gears up for another game-changing election this May, housing policies have been pulled to the forefront. Since June 2014, London Mayor, Boris Johnson, and Chancellor of the Exchequer, George Osborne, have joined forces to create a long-term Housing Zone scheme that is set to change the face of London. Amongst the boroughs set to benefit from an approved bid is the thriving hub of Clapham, with a 57-hectare space designated for redevelopment. Here’s what you need to know about the scheme and the changes it will bring to this prime real estate market in London.   Potential in Clapham earmarked early Clapham was earmarked from an early stage as an area of huge transformational potential. The prime London market, which has flourished over the past decade, witnessed massive demand for family housing and rental properties in 2014. Its well-established transport links to the West End, Gatwick Airport and the City of London has elevated property in the borough to some of the most desirable in the capital. Following some hasty planning, Johnson assigned a much-needed Housing Zone status between Clapham Junction and the Battersea Riverside. Under plans outlined by Wandsworth Council, 5,300 homes will be built, including new homes at the Winstanley and York Road estates as part of a regeneration project in the Battersea area. New commercial, community and leisure facilities are forecasted to attract £1.4 billion in investment, creating 1,300 in the process. All this will be made possible through Housing Strategy loans from central government which will be given to all successful councils to improve facilities and infrastructure. The change of status to an official ‘Housing Zone’ will prove to be the main catalyst that will deliver change to Clapham. As a winning borough in the scheme, housing and infrastructure improvements will be aided by the Greater London Authority, Transport for London, Network Rail and Wandsworth Council. With these central parties at the helm, the destiny of Clapham, Wandworth and Battersea as one of the most integral neighbourhoods in London will be established at a rapid rate. Leader of Wandsworth Council Ravi Govindia said: “Housing zone status will provide certainty and bring all of the key players to the table with a clear focus on delivering much needed improvement and change to this area over the next ten years. Our ambitious proposals for this part of Battersea include more than 5,000 new homes, new leisure and community facilities, an extensive upgrade to the Clapham Junction transport hub, a new pedestrian bridge across the Thames and plans to reconnect Clapham Junction town centre with the riverside.” A turbo boosted transformation Housing policies have become a force of nature in 2015. Alongside its pledge to create twenty housing zones and 50,000 new properties, the government has taken aim at London’s vast brownfield land to help deliver the 42,000 homes a year that are needed to meet the demands of London’s growing population. This turbo-charged action will change the face of London as we know it. Over the coming years, Clapham will play an exciting role in what will be a massive undertaking in London. These bold actions by policymakers to progressively align housing stock with soaring demand aspire to maintain London’s dominance as an exemplary investment and business capital as. For the people of Clapham, Battersea and Wandworth, changes have already started to alter the landscape. The once derelict Battersea Power Station superstructure into luxury flats is just one example of how times are a-changin’ and how much there is to come. Winkworth’s own managing director, Nick Goble, is no stranger to big change in the city: “Clapham has always been an exciting area in London and continues to be an integral property market in our books. The upcoming housing zone status will bring more prosperity and stability to this already thriving hub. The Winkworth team will keep a close eye on how these new zones will shape the city and how they will really open up the property market.”

As the UK gears up for another game-changing election this May, housing policies have been pulled to the forefront. Since June 2014, London Mayor, Boris Johnson, and Chancellor of the Exchequer, George Osborne, have joined forces to create a long-term Housing Zone scheme that is set to change the face of London. Amongst the boroughs set to benefit from an approved bid is the thriving hub of Clapham, with a 57-hectare space designated for redevelopment. Here’s what you need to know about the scheme and the changes it will bring to this prime real estate market in London.

 

Boris

Potential in Clapham earmarked early

Clapham was earmarked from an early stage as an area of huge transformational potential. The prime London market, which has flourished over the past decade, witnessed massive demand for family housing and rental properties in 2014. Its well-established transport links to the West End, Gatwick Airport and the City of London has elevated property in the borough to some of the most desirable in the capital.

Following some hasty planning, Johnson assigned a much-needed Housing Zone status between Clapham Junction and the Battersea Riverside. Under plans outlined by Wandsworth Council, 5,300 homes will be built, including new homes at the Winstanley and York Road estates as part of a regeneration project in the Battersea area. New commercial, community and leisure facilities are forecasted to attract £1.4 billion in investment, creating 1,300 in the process. All this will be made possible through Housing Strategy loans from central government which will be given to all successful councils to improve facilities and infrastructure.

The change of status to an official ‘Housing Zone’ will prove to be the main catalyst that will deliver change to Clapham. As a winning borough in the scheme, housing and infrastructure improvements will be aided by the Greater London Authority, Transport for London, Network Rail and Wandsworth Council. With these central parties at the helm, the destiny of Clapham, Wandworth and Battersea as one of the most integral neighbourhoods in London will be established at a rapid rate.

Leader of Wandsworth Council Ravi Govindia said: “Housing zone status will provide certainty and bring all of the key players to the table with a clear focus on delivering much needed improvement and change to this area over the next ten years. Our ambitious proposals for this part of Battersea include more than 5,000 new homes, new leisure and community facilities, an extensive upgrade to the Clapham Junction transport hub, a new pedestrian bridge across the Thames and plans to reconnect Clapham Junction town centre with the riverside.”

A turbo boosted transformation

Housing policies have become a force of nature in 2015. Alongside its pledge to create twenty housing zones and 50,000 new properties, the government has taken aim at London’s vast brownfield land to help deliver the 42,000 homes a year that are needed to meet the demands of London’s growing population.

This turbo-charged action will change the face of London as we know it. Over the coming years, Clapham will play an exciting role in what will be a massive undertaking in London. These bold actions by policymakers to progressively align housing stock with soaring demand aspire to maintain London’s dominance as an exemplary investment and business capital as.

For the people of Clapham, Battersea and Wandworth, changes have already started to alter the landscape. The once derelict Battersea Power Station superstructure into luxury flats is just one example of how times are a-changin’ and how much there is to come.

Winkworth’s own managing director, Nick Goble, is no stranger to big change in the city: “Clapham has always been an exciting area in London and continues to be an integral property market in our books. The upcoming housing zone status will bring more prosperity and stability to this already thriving hub. The Winkworth team will keep a close eye on how these new zones will shape the city and how they will really open up the property market.”

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