Pocket Living has secured two planning committee decisions for two housing developments in London, totalling almost 500 homes.
The first is a major Build to Rent scheme on a site in the Old Oak Opportunity Area. The BtR development will provide 457 Build to Rent homes, with 35% affordable. They consist of studios, one-bed, two-bed and three-bed homes, with 137 (35% by habitable room) provided at either London Living Rent or Discount Market Rent levels.
Atlas Wharf, on Atlas Road NW10 and adjacent to the Grand Union Canal is Pocket’s first BtR development and includes three buildings, all connected at ground floor level via a podium, containing a shared entrance, resident amenity spaces, cycle storage and commercial and retail uses that will be open to the public.
Thomasin Renshaw, Pocket Living Development Director, said: “We believe that with unrivalled connectivity across London and the UK via HS2 and the Elizabeth line, Old Oak will become a thriving, inclusive and healthy new urban district, with huge benefits for current and new residents and businesses alike.
“These homes will be thoughtfully designed and based on the Pocket ethos of good quality at an attainable price. At the heart of BtR developments is the amenity space and how this fosters a sense of community. We have been delivering these types of stylish spaces for the last 15 years, well before the BtR sector was established in the UK.”
The second permission came from Barnet Council who voted for the building of a new development, between three and five storeys, at Dolman Close in Finchley N3. It comprises 60 new homes, 56 of which will be intermediate affordable homes for sale (at prices 20% discounted to the local market). The proposed affordable homes will remain affordable in perpetuity for future buyers through lease conditions and restrictions within the Section 106 Agreement.