Countryside Partnerships, housing association Peabody and Transport for London’s (TfL) wholly owned commercial property company have completed the agreement to deliver 98 affordable homes on land next to Barkingside Underground Station in Ilford.
The residential development which is known as Barkingside Yard, is located on land previously used as a builder’s yard and owned by TfL, it will deliver 98 new affordable homes through a mix of Shared Ownership and Social Rent.
Ray Toft, Managing Director, London South, Countryside Partnerships, said: “Exemplifying our ethos of working in partnership, we are delighted to have finalised our contracts with TfL and Peabody at Barkingside Yard, allowing us to start building new homes for local residents. With all 98 homes affordable, this development will make a real difference to the community and we’re looking forward to transforming the site with high-quality housing, green spaces and significant public realm improvements.”
With construction set to complete in 2025, the new one-, two- and three-bedroom homes will be split across three distinct buildings which range up to five storeys in height.
Rachel Wood, Senior Property Development Manager at TfL, said: “We’re thrilled that we have now agreed this deal with Countryside Partnerships and Peabody to deliver 98 brand new, affordable homes next to Barkingside Tube station. Now more than ever, it is vital that we continue to use our land to help tackle the housing crisis and deliver the high quality homes the capital urgently needs. This scheme also makes sure that the local community benefits by enhancing the public realm, including improved cycle parking and new pedestrian crossings to support the local area.”
Cycle storage spaces are being delivered and the development’s adjacent location to Barkingside Underground Station will provide future residents with direct access to London’s Tube network.