Posts with tag: property developers London

Boris Johnson Launches Scheme to Help Londoners Build Homes

Published On: August 28, 2015 at 8:43 am

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The Mayor of London, Boris Johnson, has set up a register for Londoners to sign up to if they wish to custom build a home. It asks them to list their preferred boroughs.

Boris Johnson Launches Scheme to Help Londoners Build Homes

Boris Johnson Launches Scheme to Help Londoners Build Homes

The Build Your Own London Home Register launches this week and will initially provide City Hall with a database of the level of demand for self-builds.

Johnson then hopes to match interested self-builders with councils that have brownfield sites, as well as developers and firms that they can work with.

Deputy Mayor Richard Blakeway says: “People do not necessarily want to do it all themselves from scratch. But they might want to take a shell and customise it.”1

In London, finding a suitable site can be the toughest part of building your own home, as the cost of land can be the most expensive part of the project.

Additionally, amateurs are put off by the complexity of building a house.

The types of plots that become available are often tricky infill sites that can be challenging for self-builders.

However, by the end of this year, Johnson hopes that enough people will have registered with the scheme, so that City Hall can map levels of demand around London.

Next year, serious discussions will be held with landowners and developers to match the demand from aspiring homebuilders.

Plans for one of London’s first custom build projects are underway at Custom House, East London. Planning permission has been granted for nine new homes and it is hoped that East Thames housing association, partnered with Newham Council, will start work next year on a council-owned site that is currently used as garages.

The register can be found here: http://localselfbuildregister.co.uk/buildyourownlondonhome/

1 http://www.homesandproperty.co.uk/property-news/news/mayor-boris-johnson-launches-new-scheme-help-londoners-build-their-own-homes

Britain’s Most Expensive Council House on the Market for Over £3m

Two rundown council houses in Southwark, South London, bought by a property investor in 2013 are set to sell for over £3m each.

When 21 and 23 Park Street, Borough were sold, it was named the most expensive ex-local authority sale in history. The investor purchased the properties for £2.96m.

After an 18-month renovation by Camu & Morrison, the first house is back on the market, priced at £3.35m.

Southwark Council granted planning permission for the refurbishment project, including new conservatories and replacing balconies with “winter gardens.”

It is believed that the second home will be put on the market soon. If both properties sell at asking price, the investor will have doubled their money.

Demonstrators from campaign group, Housing Action Southwark & Lambeth, briefly occupied the Grade II Listed building, stating that the Council was involving itself in social cleansing by selling off council homes to developers, who are creating top-end homes for wealthy buyers.

Southwark Council says that the money raised will build around 20 new council homes in the borough.

Councillor Mark Williams, Southwark’s Regeneration and New Homes Chief, defends the sale, saying the Council secured the best possible price at the time.

He continues: “Rather than spending hundreds of thousands of pounds on refurbishing just two homes, this money has allowed us to invest in our council homes.

“Southwark has an ambitious plan to build 11,000 new council homes for our residents, with the first 21 opening in Bermondsey very soon.”1

The Council sold the Park Street properties in a state of serious disrepair after years of neglect. They were placed on English Heritage’s at-risk register and were held up by scaffolding.

The homes are in an ideal location, close to Borough Market, the Shard and Bankside.

According to Zoopla, the average house price in the area is just above £580,000, up 20.19% in the last two years.

The four-bedroom townhouse now on the market, built in 1830, is being marketed by agent Domus Nova, which describes it as having undergone “one of the most comprehensive and unique rebuilds and refurbishments in recent years.”

The description adds: “This brave and playful home oozes creativity and personality throughout. This Georgian home will engage every sense, combining striking colourful details and textures with well-balanced architectural references throughout.”1

1 http://www.homesandproperty.co.uk/luxury/property/britains-most-expensive-council-houses-sale-ps3-million-each-southwark