Regeneration and Housing Growth in Waltham
Forest 2015-2020
Private Landlords Forum
Nick Powell – Head of Strategic Housing & Investment
22 September 2015
Growth in Waltham Forest
Waltham Forest is experiencing
unprecedented housing pressure:
•House prices in the borough rose by 25% &
private rents increased by over 14% in
2014/15
Our Response:
•We are planning for an additional 12,000
new homes in the borough by 2020
•This will include up to 2,000 new homes on
the Council’s own land
•And 4,000 affordable homes delivered by
housing associations/registered providers
Where will the housing go?
• Four main areas of growth:
- Walthamstow Town Centre
- Lea Bridge Road Area
- Leyton & North Olympic Park Area
- Blackhorse Lane
• We need to plan carefully to ensure the
supporting infrastructure - schools,
health centres, transport, leisure, etc –
is provided to create desirable and
sustainable communities
Growth Locations
• Blackhorse Lane:
2,500 new homes
• Central Walthamstow &
St James/South Grove:
1,350 new homes
• Leyton & North Olympic
Park Area:
1,500 new homes
• Lea Bridge Road Station
Area:
1,800 new homes
Place-shaping and Place-making
• Place-shaping frameworks commissioned for:
- Walthamstow
- Lea Bridge
- Leyton & North Olympic Park Area
• Place-shaping frameworks will identify
opportunities and ensure they contribute to
creating a high-quality environment and
sense of place
• Place-making through high quality design,
coordinated development and investment in
wide ranging improvements
Blackhorse Lane – 2,500 additional homes
Creating a new community:
•Many new homes already delivered
•GLA approved Housing Zone
•Increase pace of housing delivery:
- 440 by 2016/17
- 636 by 2017/18
- 421 by 2018/19
- 374 by 2019/20
•New Medical Centre on Sutherland
Road/St Andrews Road
•New secondary school (opening Sept)
•Walthamstow Wetlands project
•Station junction road improvements
Central Walthamstow - 1,350 additional homes
Walthamstow Town Centre
•New “city living” homes (above The Mall)
•Enhanced retail offer
•New public realm
•Vibrant leisure quarter
•New office spaces
•Improved road layout
South Grove/St James Street
•New neighbourhood
•improved health provision
•Leisure and community facilities
•Draft Supplementary Planning Document
Leyton & North Olympic Park – 1,500 additional homes
Potential to become one of East London’s
pre-eminent residential areas
Opportunity to bring together:
•a ‘village’ / historical townscape
•Connectivity
•Unrivalled park setting
•International standard leisure facilities at
Leyton Jubilee Park, Eaton Manor & Drapers
Field
•Significant sites for new homes
Lea Bridge Road Station Area – 1,800 new homes
Potential for a new housing
quarter clustered around the Lea
Bridge Station
•New station opening spring 2016
(Stratford / Tottenham Hale)
•Access to Lea Valley and Olympic
Park leisure opportunities
•Extension of Housing Zone
incentives to accelerate delivery
•Expect new homes built to the
highest space and design
standards
•Looking at Kidbrooke Village as
one exemplar
Estate Regeneration - Marlowe Road
Project summary:
•Current – 198 homes (150 social rent, 43 leaseholders, and 5 freeholders)
•Proposed – 439 homes (150 Council rented, 40 shared ownership, 249 private sale)
and approximately 1,000sqm commercial space
•Estimated £70m total build cost - £1.2m MHC 2015-18 grant, sales receipts
Progress update and project timetable:
•Cabinet approvals July 2013, September 2014 and March 2015
•Negotiating Development Agreement terms with Countryside Properties
•Decanting and leasehold buybacks progressing well
•Planning application submission May, consent November 2015
•Phase 1 start on site March 2016
•Phase 3 completion 2021
Montague Road (John Walsh & Fred Wigg Towers)
Project summary:
•Current - 234 dwellings (inc. 11 leasehold)
•Proposed - 273 new homes (157 Council rent, 38 shared ownership, 78 sale)
•£44m total cost - £30.5m sales receipts, £7m HRA, GLA funding (balance)
Progress update and project timetable:
•Cabinet approval November 2014 for regeneration with development partner
•Development partner selection End 2015
•Planning application submission Mid 2016
•Start work on infill block End 2016
•Complete building infill block March 2018
•Complete first tower refurbishment Late 2019
•Complete second tower refurbishment 2021
A Changing Demographic Landscape
• Borough population set to
increase over the next 10
years – particularly in the
growth wards
• Proportion of children and
young people will continue to
grow
• People are living longer, and
we have to cater for their
housing and social
infrastructure needs
• We need to ensure we create
places for people to live and
enjoy
Growth Wards
2015
2020 % increase
2025 % increase
High Street
15,379
6.80%
19.80%
Higham Hill
14,736
13.80%
16.60%
Lea Bridge
16,882
7.90%
14.90%
Leyton
15,302
6.10%
16.90%
Markhouse
14,525
9.60%
20.90%
William Morris
14,165
20.40%
31.40%
Wood Street
14,270
9.90%
19%
Invest in Waltham Forest
New phase of growth, development and
improvement building on the Creating a
Better Place regeneration programme:
•Olympic Legacy
•Green Spaces
•Leisure
•Arts and Culture
•High Streets & Retail
•Transport
•Homes and neighbourhoods
Many opportunities to be a part of this
•Invest Waltham Forest launch
Any
Questions?